<div id="readability-page-1"><p>AlphaQuest LLC acquired a new position in shares of  TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,927 shares of the company's stock, valued at approximately $2,880,000.</p><p>Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in  TXNM Energy during the 2nd quarter valued at about $99,354,000.  LMR Partners LLP bought a new stake in shares of  TXNM Energy during the second quarter valued at approximately $48,291,000.  Adage Capital Partners GP L.L.C. increased its holdings in shares of  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.  Balyasny Asset Management L.P. increased its holdings in shares of  TXNM Energy by 397.2% in the second quarter. Balyasny Asset Management L.P. now owns 908,507 shares of the company's stock valued at $51,167,000 after purchasing an additional 725,794 shares in the last quarter.  Finally, Alberta Investment Management Corp bought a new position in  TXNM Energy in the 2nd quarter worth approximately $28,160,000. Institutional investors own  91.68% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In related news, Director Vicky A. Bailey sold 1,800 shares of the business's stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $57.74, for a total transaction of $103,932.00. Following the completion of the transaction, the director owned 8,725 shares in the company, valued at approximately $503,781.50. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. 1.28% of the stock is owned by insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of research analysts have commented on the company. Wall Street Zen lowered TXNM Energy from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Saturday. Citigroup started coverage on TXNM Energy in a report on Thursday, October 9th. They issued a &#34;neutral&#34; rating and a $61.25 price target on the stock. Jefferies Financial Group lowered TXNM Energy from a &#34;buy&#34; rating to a &#34;hold&#34; rating and lifted their price objective for the stock from $58.00 to $61.25 in a research report on Monday, October 27th. Finally, Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of TXNM Energy in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TXNM Energy presently has a consensus rating of &#34;Hold&#34; and an average price target of $58.42.</p><p><b>Get Our Latest Research Report on TXNM</b></p><h2>TXNM Energy Stock Down 0.5%</h2><p>NYSE:TXNM opened at $58.93 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.35. TXNM Energy, Inc. has a 12-month low of $47.21 and a 12-month high of $59.47. The stock's fifty day simple moving average is $58.80 and its 200-day simple moving average is $57.58. The firm has a market capitalization of $6.42 billion, a P/E ratio of 34.46, a P/E/G ratio of 2.53 and a beta of 0.17. </p><p>TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, October 31st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.11). TXNM Energy had a net margin of 8.67% and a return on equity of 7.20%. The company had revenue of $647.16 million during the quarter, compared to analyst estimates of $608.65 million. During the same period in the previous year, the company posted $1.43 EPS.  Equities research analysts expect that  TXNM Energy, Inc. will post 2.73 earnings per share for the current year. </p><h2>TXNM Energy Increases Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.4225 dividend. The ex-dividend date is Friday, January 30th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from TXNM Energy's previous quarterly dividend of $0.41. TXNM Energy's dividend payout ratio  is 95.32%. </p><h2>TXNM Energy Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than TXNM Energy</li><li>Do not delete, read immediately</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>“Fed Proof” Your Bank Account with THESE 4 Simple Steps</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRYTk0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRYTk0"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in TXNM Energy Right Now?</h2><p>Before you consider TXNM Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TXNM Energy wasn't on the list.</p><p>While TXNM Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

TXNM

<p>AlphaQuest LLC has invested $2.88 million in TXNM Energy, acquiring 50,927 shares. Other institutional investors have also increased their stakes, with Norges Bank investing $99.35 million and Adage Capital Partners increasing holdings by 83.1%. TXNM Energy's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $58.42. The company reported earnings of $1.33 per share, missing estimates, and declared a quarterly dividend of $0.4225, reflecting a positive change from the previous dividend.</p>

AlphaQuest LLC Invests $2.88 Million in TXNM Energy, Inc. $TXNM