Aberdeen Group plc Reduces Stock Holdings in TXNM Energy, Inc. $TXNM

Aberdeen Group plc reduced its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 363,564 shares of the company’s stock after selling 31,005 shares during the period. Aberdeen Group plc owned 0.33% of TXNM Energy worth $21,407,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of TXNM Energy by 55.4% in the 3rd quarter. Principal Financial Group Inc. now owns 330,336 shares of the company’s stock valued at $18,681,000 after purchasing an additional 117,765 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of TXNM Energy during the 3rd quarter worth about $2,880,000. Angelo Gordon & CO. L.P. purchased a new stake in TXNM Energy in the 3rd quarter valued at about $5,694,000. Athos Capital Ltd purchased a new stake in TXNM Energy in the 3rd quarter valued at about $8,078,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in TXNM Energy in the second quarter valued at about $6,974,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TXNM. Weiss Ratings reissued a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. 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.com, TXNM Energy currently has a consensus rating of “Hold” and a consensus price target of $60.88.

TXNM Energy Stock Up 0.0%

Shares of NYSE TXNM opened at $58.86 on Monday. The stock has a market cap of $6.41 billion, a P/E ratio of 40.32, a PEG ratio of 2.52 and a beta of 0.17. The business’s fifty day simple moving average is $58.87 and its 200-day simple moving average is $58.23. TXNM Energy, Inc. has a 12-month low of $47.69 and a 12-month high of $59.52. The company has a current ratio of 0.55, a quick ratio of 0.38 and a debt-to-equity ratio of 1.48.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, February 27th. The company reported $0.48 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 company had revenue of $533.23 million for the quarter, compared to analyst estimates of $593.29 million. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, equities analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The company 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. 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 payout ratio is currently 115.75%.

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.