TXNM Energy, Inc. $TXNM Shares Sold by Creative Planning

Creative Planning lowered its stake in TXNM Energy, Inc. (NYSE:TXNM) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,127 shares of the company’s stock after selling 1,453 shares during the period. Creative Planning’s holdings in TXNM Energy were worth $1,303,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TXNM. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TXNM Energy in the 1st quarter valued at $267,000. Cetera Investment Advisers grew its stake in TXNM Energy by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 5,281 shares of the company’s stock valued at $282,000 after purchasing an additional 486 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of TXNM Energy in the first quarter valued at about $789,000. TD Asset Management Inc raised its stake in shares of TXNM Energy by 1.8% in the first quarter. TD Asset Management Inc now owns 91,580 shares of the company’s stock worth $4,898,000 after purchasing an additional 1,606 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of TXNM Energy during the first quarter worth about $1,265,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TXNM Energy

In other TXNM Energy news, Director Vicky A. Bailey sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.74, for a total value of $103,932.00. Following the sale, the director directly owned 8,725 shares of the company’s stock, valued at approximately $503,781.50. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered TXNM Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Jefferies Financial Group downgraded shares of TXNM Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from $58.00 to $61.25 in a report on Monday, October 27th. Finally, Citigroup began coverage on shares of TXNM Energy in a research note on Thursday, October 9th. They issued a “neutral” rating and a $61.25 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, TXNM Energy presently has a consensus rating of “Hold” and a consensus target price of $58.42.

TXNM Energy Stock Performance

TXNM opened at $58.45 on Friday. The firm has a fifty day moving average price of $57.18 and a 200 day moving average price of $56.75. TXNM Energy, Inc. has a 1 year low of $45.71 and a 1 year high of $58.45. The stock has a market cap of $6.37 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.69 and a beta of 0.13. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36.

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

TXNM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were issued a $0.4075 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.63 dividend on an annualized basis and a yield of 2.8%. TXNM Energy’s dividend payout ratio is presently 95.32%.

About TXNM Energy

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.