9,105 Shares in TXNM Energy, Inc. $TXNM Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC acquired a new position in TXNM Energy, Inc. (NYSE:TXNM) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,105 shares of the company’s stock, valued at approximately $536,000.

Other institutional investors have also bought and sold shares of the company. Angelo Gordon & CO. L.P. acquired a new stake in TXNM Energy in the third quarter worth about $5,694,000. Athos Capital Ltd acquired a new stake in TXNM Energy in the third quarter worth about $8,078,000. Intech Investment Management LLC lifted its holdings in TXNM Energy by 56.7% in the third quarter. Intech Investment Management LLC now owns 98,451 shares of the company’s stock worth $5,567,000 after purchasing an additional 35,607 shares during the period. Gabelli Funds LLC lifted its holdings in TXNM Energy by 18.3% in the third quarter. Gabelli Funds LLC now owns 855,464 shares of the company’s stock worth $48,376,000 after purchasing an additional 132,491 shares during the period. Finally, Credit Industriel ET Commercial lifted its holdings in TXNM Energy by 775.0% in the third quarter. Credit Industriel ET Commercial now owns 105,000 shares of the company’s stock worth $5,938,000 after purchasing an additional 93,000 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

TXNM has been the subject of several research analyst reports. Wall Street Zen downgraded shares of TXNM Energy from a “hold” rating to a “sell” rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.25.

TXNM Energy Trading Down 0.1%

Shares of NYSE TXNM opened at $57.01 on Tuesday. TXNM Energy, Inc. has a 12 month low of $56.17 and a 12 month high of $59.53. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 41.01, a P/E/G ratio of 2.46 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.46. The business has a fifty day simple moving average of $58.96 and a 200-day simple moving average of $58.88.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.09). TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The company had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. During the same period in the prior year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts predict that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.145 per share. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.42. This represents a $4.58 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, June 30th. TXNM Energy’s dividend payout ratio (DPR) is currently 121.58%.

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.