Pentwater Capital Management Adds $66M in TXNM Energy, Inc. ($TXNM)
Key Points
- Pentwater Capital Management changed its TXNM Energy, Inc. ($TXNM) stake by 69.6% last quarter, boosting to 2,800,000 shares worth $159.77 million.
- Wall Street's consensus rating on $TXNM is Hold and an average price target of $61.15.
- $TXNM last traded around $57.06.
Pentwater Capital Management increased its position in TXNM Energy, Inc. ($TXNM) by 69.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,800,000 shares of TXNM Energy, Inc. after buying 1,149,000 shares during the quarter. Pentwater Capital Management's holdings in TXNM Energy, Inc. were worth $159.77 million as of its most recent filing.
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About TXNM Energy, Inc.
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
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