Savant Capital LLC Trims Stake in TXNM Energy, Inc. $TXNM

Savant Capital LLC reduced its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 62.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,394 shares of the company’s stock after selling 10,694 shares during the quarter. Savant Capital LLC’s holdings in TXNM Energy were worth $376,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in TXNM Energy by 280.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after acquiring an additional 756 shares in the last quarter. Jones Financial Companies Lllp raised its position in TXNM Energy by 574.0% during the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after acquiring an additional 1,102 shares in the last quarter. Larson Financial Group LLC raised its position in TXNM Energy by 81.8% during the third quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock valued at $78,000 after acquiring an additional 623 shares in the last quarter. Farther Finance Advisors LLC raised its position in TXNM Energy by 22.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock valued at $86,000 after acquiring an additional 268 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in TXNM Energy by 215.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after acquiring an additional 1,043 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXNM has been the subject of several recent research reports. Wall Street Zen cut TXNM Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of TXNM Energy in a research report on Friday, May 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, TXNM Energy presently has an average rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Stock Up 0.0%

TXNM Energy stock opened at $59.30 on Friday. The stock has a market capitalization of $6.57 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 2.56 and a beta of 0.16. TXNM Energy, Inc. has a 12 month low of $56.17 and a 12 month high of $59.53. The business has a 50 day simple moving average of $59.09 and a 200-day simple moving average of $58.89. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.55 and a quick ratio of 0.36.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The business had revenue of $504.98 million during the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. On average, analysts anticipate that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $1.145 dividend. This represents a $4.58 dividend on an annualized basis and a dividend yield of 7.7%. This is a boost from TXNM Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, June 30th. TXNM Energy’s dividend payout ratio (DPR) is presently 121.58%.

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. 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.