Citigroup Inc. Has $25.05 Million Holdings in TXNM Energy, Inc. $TXNM

Citigroup Inc. lifted its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 61.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,919 shares of the company’s stock after buying an additional 168,806 shares during the quarter. Citigroup Inc. owned about 0.41% of TXNM Energy worth $25,047,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Cape Investment Advisory Inc. acquired a new stake in TXNM Energy during the 2nd quarter worth $28,000. Huntington National Bank raised its position in shares of TXNM Energy by 1,307.0% during the second quarter. Huntington National Bank now owns 605 shares of the company’s stock worth $34,000 after purchasing an additional 562 shares during the period. Smartleaf Asset Management LLC raised its holdings in TXNM Energy by 280.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock worth $58,000 after buying an additional 756 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of TXNM Energy by 574.0% during the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock worth $73,000 after acquiring an additional 1,102 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of TXNM Energy by 215.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after purchasing an additional 1,043 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Stock Up 0.6%

Shares of NYSE TXNM opened at $59.43 on Thursday. The stock’s fifty day moving average is $59.06 and its 200 day moving average is $57.86. The stock has a market capitalization of $6.47 billion, a P/E ratio of 34.75, a PEG ratio of 2.53 and a beta of 0.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.36 and a current ratio of 0.51. TXNM Energy, Inc. has a 52 week low of $47.21 and a 52 week high of $59.52.

TXNM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.4225 per share. The ex-dividend date was Friday, January 30th. This represents a $1.69 annualized dividend and a dividend yield of 2.8%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.41. TXNM Energy’s dividend payout ratio is currently 98.83%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TXNM. Weiss Ratings reissued a “hold (c+)” rating on shares of TXNM Energy in a research report on Monday, December 29th. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.30.

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.