Universal Beteiligungs und Servicegesellschaft mbH Sells 1,600,100 Shares of TXNM Energy, Inc. $TXNM

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 99.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,345 shares of the company’s stock after selling 1,600,100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in TXNM Energy were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in TXNM Energy by 280.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock worth $58,000 after purchasing an additional 756 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of TXNM Energy by 574.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after purchasing an additional 1,102 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of TXNM Energy by 81.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock valued at $78,000 after purchasing an additional 623 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of TXNM Energy by 22.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock valued at $86,000 after purchasing an additional 268 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of TXNM Energy by 215.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock worth $86,000 after buying an additional 1,043 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

TXNM Energy Trading Down 0.0%

Shares of TXNM Energy stock opened at $59.17 on Wednesday. The firm’s 50 day moving average is $58.83 and its 200 day moving average is $58.55. The firm has a market capitalization of $6.55 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.53 and a beta of 0.16. TXNM Energy, Inc. has a 1 year low of $51.59 and a 1 year 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 1.46.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The company had revenue of $504.98 million during the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. Equities research analysts forecast that TXNM Energy, Inc. will post 3.09 earnings per share 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. Stockholders of record on Monday, April 27th will be paid a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, April 27th. TXNM Energy’s dividend payout ratio is presently 121.58%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.