Alpine Global Management LLC Makes New $1.41 Million Investment in TXNM Energy, Inc. $TXNM

Alpine Global Management LLC acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $1,414,000.

Several other large investors have also modified their holdings of TXNM. Federated Hermes Inc. boosted its position in shares of TXNM Energy by 3.3% in the second quarter. Federated Hermes Inc. now owns 6,314 shares of the company’s stock worth $356,000 after acquiring an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in TXNM Energy by 1.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 19,139 shares of the company’s stock worth $1,082,000 after purchasing an additional 200 shares during the last quarter. CWM LLC raised its stake in TXNM Energy by 8.9% during the third quarter. CWM LLC now owns 2,738 shares of the company’s stock worth $155,000 after purchasing an additional 224 shares during the period. Inspire Investing LLC raised its stake in TXNM Energy by 2.4% during the third quarter. Inspire Investing LLC now owns 10,376 shares of the company’s stock worth $587,000 after purchasing an additional 248 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its holdings in shares of TXNM Energy by 2.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 12,560 shares of the company’s stock valued at $710,000 after purchasing an additional 266 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TXNM. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.88.

TXNM Energy Trading Down 0.2%

Shares of TXNM opened at $58.45 on Wednesday. The company has a market capitalization of $6.37 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.51 and a beta of 0.17. TXNM Energy, Inc. has a one year low of $47.69 and a one year high of $59.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55. The stock has a 50-day moving average price of $59.04 and a 200 day moving average price of $58.08.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.12). TXNM Energy had a return on equity of 7.54% and a net margin of 7.27%.The business had revenue of $533.23 million for the quarter, compared to analysts’ expectations of $593.29 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Sell-side analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 27th will be paid a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, April 27th. TXNM Energy’s payout ratio is 115.75%.

TXNM Energy 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. 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.