WINTON GROUP Ltd Sells 228,050 Shares of TXNM Energy, Inc. $TXNM

WINTON GROUP Ltd trimmed its stake in TXNM Energy, Inc. (NYSE:TXNM) by 95.8% in the fourth quarter, Holdings Channel reports. The firm owned 10,000 shares of the company’s stock after selling 228,050 shares during the quarter. WINTON GROUP Ltd’s holdings in TXNM Energy were worth $589,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TXNM. Balyasny Asset Management L.P. grew its stake in TXNM Energy by 344.9% in the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock valued at $228,592,000 after purchasing an additional 3,133,794 shares in the last quarter. Norges Bank bought a new position in TXNM Energy in the fourth quarter valued at approximately $182,061,000. Vanguard Group Inc. grew its stake in TXNM Energy by 16.0% in the third quarter. Vanguard Group Inc. now owns 11,568,926 shares of the company’s stock valued at $654,223,000 after purchasing an additional 1,598,954 shares in the last quarter. Citadel Advisors LLC grew its stake in TXNM Energy by 19,952.4% in the third quarter. Citadel Advisors LLC now owns 1,007,033 shares of the company’s stock valued at $56,948,000 after purchasing an additional 1,002,011 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in TXNM Energy by 83.1% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock valued at $99,279,000 after purchasing an additional 800,258 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Wall Street Zen downgraded TXNM Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.25.

TXNM Energy Stock Performance

Shares of NYSE TXNM opened at $57.52 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46. TXNM Energy, Inc. has a 12 month low of $56.17 and a 12 month high of $59.53. The stock has a 50 day moving average of $59.06 and a 200-day moving average of $58.90. The company has a market capitalization of $6.37 billion, a P/E ratio of 41.38, a P/E/G ratio of 2.49 and a beta of 0.16.

TXNM Energy (NYSE:TXNM) last issued 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 return on equity of 7.18% and a net margin of 6.96%.The business had revenue of $504.98 million for the quarter, compared to the consensus estimate of $506.24 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.145 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.58 annualized dividend and a yield of 8.0%. This is a boost from TXNM Energy’s previous quarterly dividend of $0.42. TXNM Energy’s payout ratio is presently 121.58%.

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. 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.