Fuller & Thaler Asset Management Inc. Sells 771,707 Shares of TXNM Energy, Inc. $TXNM

Fuller & Thaler Asset Management Inc. lowered its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 20.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,075,559 shares of the company’s stock after selling 771,707 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.32% of TXNM Energy worth $164,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in TXNM Energy during the first quarter worth about $25,000. Versant Capital Management Inc bought a new position in TXNM Energy during the first quarter worth about $35,000. LRI Investments LLC bought a new position in TXNM Energy during the fourth quarter worth about $40,000. Fifth Third Bancorp bought a new position in TXNM Energy during the first quarter worth about $40,000. Finally, Financial Gravity Asset Management Inc. bought a new position in TXNM Energy during the first quarter worth about $41,000. Institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TXNM shares. Siebert Williams Shank cut TXNM Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. Barclays reaffirmed an “overweight” rating and set a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Scotiabank raised their price target on TXNM Energy from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 20th. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Mizuho lowered TXNM Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.86.

TXNM Energy Stock Down 0.3%

Shares of TXNM Energy stock opened at $56.82 on Monday. The business’s 50 day simple moving average is $56.67 and its 200 day simple moving average is $54.04. TXNM Energy, Inc. has a 52-week low of $40.24 and a 52-week high of $57.42. The firm has a market cap of $5.99 billion, a PE ratio of 29.29, a P/E/G ratio of 2.69 and a beta of 0.10. 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 announced its earnings results on Friday, August 1st. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.21). TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. The firm had revenue of $502.42 million during the quarter, compared to analyst estimates of $493.90 million. TXNM Energy’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 8th. TXNM Energy’s dividend payout ratio (DPR) is currently 84.02%.

About TXNM Energy

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.