New York State Teachers Retirement System Buys 300 Shares of TXNM Energy, Inc. $TXNM

New York State Teachers Retirement System increased its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,839 shares of the company’s stock after buying an additional 300 shares during the quarter. New York State Teachers Retirement System owned 0.08% of TXNM Energy worth $4,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of TXNM Energy by 15.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,331 shares of the company’s stock worth $75,000 after buying an additional 183 shares during the period. IFM Investors Pty Ltd lifted its position in shares of TXNM Energy by 4.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 6,630 shares of the company’s stock worth $373,000 after buying an additional 266 shares during the period. Federated Hermes Inc. lifted its position in shares of TXNM Energy by 4.9% during the 1st quarter. Federated Hermes Inc. now owns 6,115 shares of the company’s stock worth $327,000 after buying an additional 285 shares during the period. Baird Financial Group Inc. increased its holdings in TXNM Energy by 6.0% during the 1st quarter. Baird Financial Group Inc. now owns 5,095 shares of the company’s stock valued at $272,000 after purchasing an additional 287 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in TXNM Energy during the 1st quarter valued at $25,000. Institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a report on Tuesday, October 14th. Citigroup assumed coverage on TXNM Energy in a report on Thursday, October 9th. They set a “neutral” rating and a $61.25 price target for the company. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $57.04.

TXNM Energy Stock Up 0.1%

NYSE TXNM opened at $57.07 on Tuesday. The stock has a fifty day moving average of $56.78 and a 200-day moving average of $55.74. The stock has a market capitalization of $6.01 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.70 and a beta of 0.06. TXNM Energy, Inc. has a 52 week low of $42.09 and a 52 week high of $57.42. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51.

TXNM Energy (NYSE:TXNM) last released its earnings results on Thursday, February 3rd. The company reported $0.15 EPS for the quarter. The company had revenue of ($1,163.74) million during the quarter. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. On average, equities research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. TXNM Energy’s dividend payout ratio (DPR) is 84.02%.

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.