8,862 Shares in TXNM Energy, Inc. $TXNM Purchased by Brighton Jones LLC

Brighton Jones LLC acquired a new position in TXNM Energy, Inc. (NYSE:TXNM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 8,862 shares of the company’s stock, valued at approximately $517,000.

Several other large investors have also recently made changes to their positions in the stock. Tidal Investments LLC raised its position in TXNM Energy by 188.6% in the second quarter. Tidal Investments LLC now owns 39,613 shares of the company’s stock valued at $2,249,000 after purchasing an additional 25,889 shares during the period. Pentwater Capital Management LP acquired a new stake in shares of TXNM Energy in the second quarter valued at $368,360,000. Bank of America Corp DE acquired a new stake in shares of TXNM Energy in the second quarter valued at $20,443,000. Corient Private Wealth LP purchased a new stake in shares of TXNM Energy in the 2nd quarter valued at $2,027,000. Finally, Athos Capital Ltd acquired a new position in TXNM Energy during the 2nd quarter worth about $8,948,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TXNM shares. Weiss Ratings upgraded TXNM Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, TXNM Energy has an average rating of “Buy”.

TXNM Energy Stock Performance

NYSE:TXNM opened at $58.87 on Friday. TXNM Energy, Inc. has a 52 week low of $55.64 and a 52 week high of $59.53. The company has a fifty day simple moving average of $58.42 and a two-hundred day simple moving average of $58.36. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.53. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.54 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, October 30th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.09. TXNM Energy had a return on equity of 9.17% and a net margin of 9.88%. The firm had revenue of $733.29 million during the quarter, compared to analyst estimates of $749.61 million. As a group, equities analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Friday, October 23rd were paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, October 23rd. TXNM Energy’s dividend payout ratio (DPR) is presently 80.86%.

About TXNM Energy

TXNM Energy, formerly known as PNM Resources, is an energy holding company based in Albuquerque, New Mexico. Its principal businesses are regulated electric utilities that generate, transmit and distribute electricity. Through Public Service Company of New Mexico, known as PNM, the company serves residential, commercial and industrial customers across much of New Mexico, including the Albuquerque and Santa Fe areas. PNM operates a mix of electricity generation and delivery assets. TXNM Energy also owns Texas-New Mexico Power Company, or TNMP, which operates electric transmission and distribution infrastructure in parts of Texas.