SG Americas Securities LLC Has $1.43 Million Holdings in TXNM Energy, Inc. $TXNM

SG Americas Securities LLC grew its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 105.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,279 shares of the company’s stock after acquiring an additional 12,434 shares during the quarter. SG Americas Securities LLC’s holdings in TXNM Energy were worth $1,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TXNM. Empowered Funds LLC bought a new stake in shares of TXNM Energy during the 1st quarter valued at approximately $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in TXNM Energy by 12.4% in the 1st 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. lifted its stake in TXNM Energy by 124.4% in the 2nd 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 boosted its position in 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 buying an additional 1,800 shares in the last quarter. Finally, M&T Bank Corp boosted its position in TXNM Energy by 29.4% in the second quarter. M&T Bank Corp now owns 6,271 shares of the company’s stock valued at $353,000 after buying an additional 1,426 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reissued 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.88.

TXNM Energy Stock Up 0.1%

Shares of NYSE TXNM opened at $58.91 on Tuesday. The company has a 50 day simple moving average of $58.86 and a 200 day simple moving average of $58.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.55 and a quick ratio of 0.38. TXNM Energy, Inc. has a 1 year low of $47.69 and a 1 year high of $59.52. The firm has a market cap of $6.42 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17.

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

TXNM Energy Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, April 27th. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. TXNM Energy’s payout ratio is currently 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.