Teacher Retirement System of Texas Buys 12,405 Shares of TXNM Energy, Inc. $TXNM

Teacher Retirement System of Texas raised its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 99.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,932 shares of the company’s stock after purchasing an additional 12,405 shares during the period. Teacher Retirement System of Texas’ holdings in TXNM Energy were worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TXNM. Reaves W H & Co. Inc. bought a new position in shares of TXNM Energy during the 1st quarter valued at about $161,678,000. BROOKFIELD Corp ON bought a new position in shares of TXNM Energy during the 1st quarter valued at about $94,216,000. Charles Schwab Investment Management Inc. bought a new position in shares of TXNM Energy during the 1st quarter valued at about $67,052,000. Bank of New York Mellon Corp bought a new position in shares of TXNM Energy during the 1st quarter valued at about $63,803,000. Finally, Victory Capital Management Inc. bought a new position in shares of TXNM Energy during the 1st quarter valued at about $61,186,000. Institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXNM has been the subject of several research reports. Citigroup assumed coverage on shares of TXNM Energy in a report on Thursday, October 9th. They set a “neutral” rating and a $61.25 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a report on Tuesday, October 14th. Finally, Jefferies Financial Group downgraded shares of TXNM Energy from a “buy” rating to a “hold” rating and increased their price target for the company from $58.00 to $61.25 in a report on Monday, October 27th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TXNM Energy currently has a consensus rating of “Hold” and a consensus price target of $57.64.

TXNM Energy Stock Up 0.0%

Shares of NYSE TXNM opened at $56.98 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36. The company has a market cap of $6.21 billion, a P/E ratio of 29.37, a PEG ratio of 2.69 and a beta of 0.13. TXNM Energy, Inc. has a 1 year low of $43.32 and a 1 year high of $57.42. The firm has a 50-day simple moving average of $56.81 and a two-hundred day simple moving average of $56.21.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.11). The firm had revenue of $647.16 million during the quarter, compared to the consensus estimate of $608.65 million. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%.During the same period in the previous year, the business earned $1.43 EPS. Research analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is 95.32%.

TXNM Energy Company Profile

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.