Amundi increased its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM – Free Report) by 1,911.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,319 shares of the company’s stock after acquiring an additional 125,740 shares during the quarter. Amundi owned approximately 0.13% of TXNM Energy worth $7,513,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of TXNM Energy in the 4th quarter worth about $27,000. Ameritas Advisory Services LLC purchased a new stake in TXNM Energy during the second quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in TXNM Energy by 17.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock worth $73,000 after buying an additional 184 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in TXNM Energy by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock worth $74,000 after buying an additional 236 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in TXNM Energy in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on TXNM. Weiss Ratings upgraded shares of TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, TXNM Energy presently has a consensus rating of “Hold” and an average price target of $61.25.
Read Our Latest Research Report on TXNM
TXNM Energy Stock Performance
NYSE TXNM opened at $57.67 on Friday. The firm has a market cap of $6.35 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 2.50 and a beta of 0.17. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. The company’s 50 day moving average is $57.57 and its 200-day moving average is $58.23. TXNM Energy, Inc. has a 12-month low of $55.64 and a 12-month high of $59.53.
TXNM Energy (NYSE:TXNM – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $548.55 million during the quarter, compared to the consensus estimate of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. Sell-side analysts predict that TXNM Energy, Inc. will post 3.06 earnings per share for the current year.
TXNM Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 3rd. TXNM Energy’s payout ratio is presently 93.37%.
TXNM Energy Company Profile
TXNM Energy Inc NYSE: TXNM is an energy holding company that owns regulated electric utilities serving customers in New Mexico and Texas. Its principal operating companies are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).
PNM provides electricity generation, transmission and distribution services in New Mexico, while TNMP operates an electric transmission and distribution network in several regions of Texas. The company’s operations support residential, commercial and industrial customers and include a mix of conventional and renewable power resources.
TXNM Energy was formerly known as PNM Resources and adopted its current name and ticker symbol in 2025.
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