TXNM Energy, Inc. (TXNM)

• Market cap: $4.32B
• 1 day: 0.46%
• 5 days: -2.82%
• 1 month: 0.57%
• 3 months: 11.49%
• 6 months: 31.68%
• Year to date: 22.55%
• 1 year: 13.04%
• 5 years: -6.30%
• 10 years: 62.97%
• 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

98.85% more ownership

Funds ownership: 0% [Q2] → 98.85% (+98.85%) [Q3]

40% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 40

19% more capital invested

Capital invested by funds: $3.27B [Q2] → $3.9B (+$634M) [Q3]

6% more funds holding

Funds holding: 282 [Q2] → 298 (+16) [Q3]

0% more funds holding in top 10

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

13% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 107

Research analyst outlook

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

• Low target: $50 4% upside
• Avg. target: $52 8% upside
• High target: $53 11% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Citigroup Ryan Levine 67% 1-year accuracy 4 / 6 met price target	11% upside $53	Neutral Maintained	12 Dec 2024
Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target	8% upside $52	Sector Perform Maintained	12 Dec 2024
Barclays Blayne Curtis 50% 1-year accuracy 24 / 48 met price target	8% upside $52	Overweight Maintained	29 Nov 2024
Wells Fargo Jonathan Reeder 36% 1-year accuracy 4 / 11 met price target	11% upside $53	Overweight Maintained	26 Nov 2024
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 72 / 134 met price target	4% upside $50	Buy Initiated	2 Oct 2024