Capricorn Fund Managers Ltd Buys Shares of 88,529 TXNM Energy, Inc. $TXNM

Capricorn Fund Managers Ltd purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 88,529 shares of the company’s stock, valued at approximately $5,213,000. Capricorn Fund Managers Ltd owned approximately 0.08% of TXNM Energy as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Empowered Funds LLC acquired a new stake in TXNM Energy in the 1st quarter worth approximately $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TXNM Energy by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company’s stock valued at $15,902,000 after purchasing an additional 32,776 shares during the last quarter. Prudential Financial Inc. grew its holdings in TXNM Energy by 124.4% during the second quarter. Prudential Financial Inc. now owns 20,561 shares of the company’s stock valued at $1,158,000 after purchasing an additional 11,399 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of TXNM Energy by 6.4% in the second quarter. New York State Common Retirement Fund now owns 29,741 shares of the company’s stock valued at $1,675,000 after purchasing an additional 1,800 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of TXNM Energy by 29.4% in the second quarter. M&T Bank Corp now owns 6,271 shares of the company’s stock worth $353,000 after buying an additional 1,426 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Stock Up 0.0%

Shares of NYSE TXNM opened at $58.86 on Monday. TXNM Energy, Inc. has a 52-week low of $47.69 and a 52-week 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 business has a fifty day moving average of $58.87 and a two-hundred day moving average of $58.23. The stock has a market cap of $6.41 billion, a PE ratio of 40.32, a PEG ratio of 2.52 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings results 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). The firm had revenue of $533.23 million for the quarter, compared to the consensus estimate of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

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

Analysts Set New Price Targets

TXNM has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, TXNM Energy presently has a consensus rating of “Hold” and a consensus target price of $60.88.

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. 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.