TXNM Energy Earnings Beat as Funds Increase Shareholdings
TXNM Energy reported $0.58 EPS for the quarter, slightly beating the $0.56 consensus. Multiple investors increased holdings, including Governors Lane LP, which raised its stake by 142.8% in the second quarter, along with Amundi and Groupe la Francaise. Weiss Ratings upgraded the stock’s rating from hold (c) to hold (c+), and the dividend payout ratio was 93.37%.