TXNM Energy, Inc. $TXNM Shares Acquired by Securian Asset Management Inc.

Securian Asset Management Inc. grew its position in TXNM Energy, Inc. (NYSE:TXNM) by 3.5% during the second quarter, Holdings Channel.com reports. The firm owned 7,056 shares of the company’s stock after acquiring an additional 238 shares during the period. Securian Asset Management Inc.’s holdings in TXNM Energy were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of TXNM Energy by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 10,487,634 shares of the company’s stock valued at $560,879,000 after purchasing an additional 361,945 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of TXNM Energy by 41.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,560,321 shares of the company’s stock valued at $190,406,000 after purchasing an additional 1,043,259 shares in the last quarter. Reaves W H & Co. Inc. acquired a new stake in shares of TXNM Energy in the 1st quarter valued at $161,678,000. Westwood Holdings Group Inc. raised its holdings in shares of TXNM Energy by 14.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,838,506 shares of the company’s stock valued at $98,323,000 after purchasing an additional 226,386 shares in the last quarter. Finally, BROOKFIELD Corp ON acquired a new stake in shares of TXNM Energy in the 1st quarter valued at $94,216,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Trading Down 0.4%

NYSE TXNM opened at $56.78 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51. The firm has a market cap of $5.98 billion, a PE ratio of 29.27, a P/E/G ratio of 2.70 and a beta of 0.06. TXNM Energy, Inc. has a one year low of $42.09 and a one year high of $57.42. The firm’s fifty day moving average is $56.78 and its two-hundred day moving average is $55.86.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $0.15 EPS for the quarter. The company had revenue of ($1,163.74) million for the quarter. TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. Analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be paid a $0.4075 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.63 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s payout ratio is currently 84.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TXNM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of TXNM Energy in a research note on Tuesday, October 14th. Citigroup started coverage on shares of TXNM Energy in a research note on Thursday, October 9th. They set a “neutral” rating and a $61.25 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.04.

TXNM Energy 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.