TXNM Energy (NYSE:TXNM) Issues Quarterly Earnings Results

TXNM Energy (NYSE:TXNM) announced its quarterly earnings data on Friday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09), Briefing.com reports. The company had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share.

TXNM Energy Stock Performance

NYSE:TXNM opened at $59.21 on Friday. The firm’s 50-day moving average is $58.83 and its 200-day moving average is $58.51. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 2.53 and a beta of 0.17. TXNM Energy has a 52-week low of $51.59 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.

TXNM Energy Dividend Announcement

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of TXNM Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, TXNM Energy currently has a consensus rating of “Hold” and an average price target of $60.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new position in TXNM Energy during the fourth quarter worth $27,000. Kestra Advisory Services LLC bought a new position in shares of TXNM Energy in the 4th quarter worth about $74,000. Smartleaf Asset Management LLC boosted its position in shares of TXNM Energy by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock valued at $74,000 after purchasing an additional 236 shares in the last quarter. Larson Financial Group LLC increased its holdings in TXNM Energy by 81.8% in the third quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after purchasing an additional 623 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in TXNM Energy by 215.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock worth $86,000 after acquiring an additional 1,043 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

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.