TXNM Energy, Inc. (TXNM)

• Market cap: $4.18B
• 1 day: 1.07%
• 5 days: 2.73%
• 1 month: 6.39%
• 3 months: 13.20%
• 6 months: 21.11%
• Year to date: 18.38%
• 1 year: 7.08%
• 5 years: -4.36%
• 10 years: 62.00%
• Sector: Utilities
• Industry: Electric Services

About: TXNM Energy Inc is a holding company that owns regulated utility companies providing energy to houses and businesses across Texas and New Mexico using its utilities.

Employees: 1,635

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

102% more call options, than puts

Call options by funds: $44.4M | Put options by funds: $21.9M

98.54% more ownership

Funds ownership: 0% [Q2] → 98.54% (+98.54%) [Q3]

29% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 42

19% more capital invested

Capital invested by funds: $3.27B [Q2] → $3.89B (+$621M) [Q3]

4% more funds holding

Funds holding: 282 [Q2] → 294 (+12) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

12% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 106

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $46 1% downside
• Avg. target: $48 3% upside
• High target: $50 8% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Wells Fargo Jonathan Reeder 50% 1-year accuracy 5 / 10 met price target	6% upside $49	Overweight Maintained	16 Oct 2024
Barclays Blayne Curtis 53% 1-year accuracy 24 / 45 met price target	1% downside $46	Overweight Maintained	15 Oct 2024
Scotiabank Andrew Weisel 65% 1-year accuracy 13 / 20 met price target	1% downside $46	Sector Perform Initiated	10 Oct 2024
Jefferies Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target	8% upside $50	Buy Initiated	2 Oct 2024