TXNMNYSEElectric ServicesFiscal year ends December 31
TXNM ENERGY INC
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 31, 2026
$58.51−0.01 (-0.02%)
Close on Oct 19, 2026
- Market cap
- $6.60B
- P/E (TTM)
- 42.4
- Dividend yield
- 2.82%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
112M of 103M shares
Institutional holders
385
49 new, 36 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $103.93K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BIP Holdings Manager L.L.C. | 8,000,000 | 7.90% | 13D (active) | May 18, 2025 |
| Dmitry Balyasny | 7,113,061 | 6.43% | 13G (passive) amendment | Jun 30, 2026 |
| FMR LLC | 6,892,075 | 7.40% | 13G (passive) | Mar 31, 2025 |
| Vanguard Portfolio Management | 6,588,646 | 6.04% | 13G (passive) | Mar 31, 2026 |
| Pentwater Capital Management LP | 6,487,500 | 5.90% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 5,504,019 | 5.05% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 12,545,112 | 11.50% | 13G (passive) amendment | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TXNM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 14,595,837 | 14.16% | $828.75M | +1,235,130 | 0.01% |
| Blackstone Inc. | 8,000,000 | 7.76% | $454.24M | – | 1.38% |
| Balyasny Asset Management L.P. | 7,113,061 | 6.90% | $403.88M | −20,482 | 0.50% |
| Vanguard Portfolio Management LLC | 6,740,196 | 6.54% | $382.71M | +190,297 | 0.02% |
| Pentwater Capital Management LP | 6,487,500 | 6.30% | $368.36M | +3,687,500 | 2.25% |
| Vanguard Capital Management LLC | 4,842,279 | 4.70% | $274.94M | +127,561 | 0.01% |
| State Street Corp | 4,124,968 | 4.00% | $234.22M | +241,659 | 0.01% |
| Geode Capital Management, LLC | 2,996,464 | 2.91% | $170.17M | +205,051 | 0.01% |
| Millennium Management LLC | 2,470,809 | 2.40% | $140.29M | −1,058,701 | 0.05% |
| Norges Bank | 2,264,722 | 2.20% | $128.59M | New | 0.01% |
| Goldman Sachs Group Inc | 2,206,304 | 2.14% | $125.27M | −133,180 | 0.01% |
| Qube Research & Technologies Ltd | 2,084,253 | 2.02% | $118.34M | +832,019 | 0.11% |
| AQR Arbitrage LLC | 1,812,443 | 1.76% | $102.91M | +46,596 | 1.47% |
| Morgan Stanley | 1,583,353 | 1.54% | $89.90M | +105,156 | 0.00% |
| Magnetar Financial LLC | 1,448,220 | 1.41% | $82.23M | −26,918 | 0.75% |
| Melqart Asset Management (UK) Ltd | 1,370,244 | 1.33% | $77.80M | +319,297 | 7.40% |
| Alliancebernstein L.P. | 1,328,638 | 1.29% | $77.67M | +237,360 | 0.03% |
| Charles Schwab Investment Management Inc | 1,262,285 | 1.22% | $71.67M | +28,617 | 0.01% |
| Northern Trust Corp | 1,208,968 | 1.17% | $68.65M | +78,298 | 0.01% |
| Invesco Ltd. | 1,203,808 | 1.17% | $68.35M | +284,038 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 385 | 112M | 100.0% | 49 / 152 | 120 / 36 | 18M | 15M |
| Q1 2026 | 380 | 109M | 100.0% | 48 / 147 | 118 / 37 | 30M | 18M |
| Q4 2025 | 378 | 109M | 100.0% | 55 / 143 | 115 / 36 | 14M | 11M |
| Q3 2025 | 365 | 106M | 100.0% | 52 / 149 | 101 / 36 | 19M | 19M |
| Q2 2025 | 351 | 107M | 100.0% | 88 / 127 | 92 / 57 | 32M | 26M |
| Q1 2025 | 323 | 101M | 97.5% | 57 / 119 | 100 / 32 | 17M | 15M |
| Q4 2024 | 301 | 99M | 95.9% | 45 / 110 | 95 / 38 | 19M | 9M |
| Q3 2024 | 300 | 90M | 87.2% | 56 / 94 | 107 / 35 | 20M | 6M |
| Q2 2024 | 282 | 88M | 85.4% | 47 / 106 | 91 / 38 | 11M | 10M |
| Q1 2024 | 276 | 87M | 84.4% | 52 / 105 | 92 / 73 | 27M | 28M |
| Q4 2023 | 299 | 89M | 86.0% | 44 / 105 | 109 / 39 | 14M | 13M |
| Q3 2023 | 297 | 87M | 84.7% | 39 / 103 | 114 / 27 | 11M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TXNM | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3,515,222 | 3.41% | $199.59M | 0.01% | Jun 30, 2026 |
| iShares Core S&P Mid-Cap ETF | 3,409,741 | 3.31% | $193.61M | 0.16% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,676,762 | 2.60% | $151.99M | 0.18% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,539,343 | 2.46% | $144.18M | 0.08% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,608,327 | 1.56% | $91.32M | 0.13% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,142,661 | 1.11% | $64.88M | 0.07% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,136,556 | 1.10% | $65.83M | 0.19% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 965,873 | 0.94% | $54.84M | 0.38% | Jun 30, 2026 |
| Nexpoint Merger Arbitrage Fund | 728,016 | 0.71% | $41.34M | 2.77% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 682,333 | 0.66% | $40.40M | 0.38% | May 31, 2026 |
| Invesco S&P MidCap Momentum ETF | 673,935 | 0.65% | $39.03M | 0.54% | Jul 31, 2026 |
| The Arbitrage Fund | 595,506 | 0.58% | $35.26M | 4.17% | May 31, 2026 |
| Vanguard Dividend Appreciation Index Fund | 563,742 | 0.55% | $32.65M | 0.02% | Jul 31, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 547,000 | 0.53% | $31.06M | 0.69% | Jun 30, 2026 |
| First Trust Value Line Dividend Index Fund | 546,519 | 0.53% | $31.03M | 0.39% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Patricia K. Collawn | EXECUTIVE CHAIR, Director | 770,533 | 0.75% | Aug 17, 2026 |
| Joseph Don Tarry | President and CEO, Director | 57,610 | 0.06% | Mar 9, 2026 |
| Gerald R. Bischoff | VP and Corporate Controller | 1,779 | 0.00% | Mar 9, 2026 |
| Brian Iverson | Gen Couns, SVP Reg-Pub Policy | 9,119 | 0.01% | Mar 9, 2026 |
| Henry E. Monroy | SVP and CFO | 9,046 | 0.01% | Mar 9, 2026 |
| Monique Jacobson | SVP, Corporate Services | 658 | 0.00% | Mar 4, 2026 |
| Elisabeth A. Eden | SVP & CFO | 21,577 | 0.02% | Mar 10, 2025 |
| E. Renae Conley | Director | 39,971 | 0.04% | Jun 11, 2026 |
| Lillian J. Montoya | Director | 8,992 | 0.01% | Jun 11, 2026 |
| Steven Maestas | Director | 8,992 | 0.01% | Jun 11, 2026 |
| Norman P. Becker | Director | 30,802 | 0.03% | Jun 11, 2026 |
| James Alton Hughes | Director | 22,217 | 0.02% | Jun 11, 2026 |
| Maureen T. Mullarkey | Director | 34,487 | 0.03% | Jun 11, 2026 |
| Sidney M. Gutierrez | Director | 32,135 | 0.03% | Jun 11, 2026 |
| Vicky A. Bailey | Director | 20,417 | 0.02% | Jun 11, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Vicky A. Bailey Director | Jun 10, 2026 | Award | +2,698 | – | – | 11,692 |
| Maureen T. Mullarkey Director | Jun 10, 2026 | Award | +2,698 | – | – | 34,487 |
| Sidney M. Gutierrez Director | Jun 10, 2026 | Award | +2,698 | – | – | 32,135 |
| Steven Maestas Director | Jun 10, 2026 | Award | +2,698 | – | – | 8,992 |
| James Alton Hughes Director | Jun 10, 2026 | Award | +2,698 | – | – | 22,217 |
| Lillian J. Montoya Director | Jun 10, 2026 | Award | +2,698 | – | – | 8,992 |
| Norman P. Becker Director | Jun 10, 2026 | Award | +2,698 | – | – | 30,802 |
| E. Renae Conley Director | Jun 10, 2026 | Award | +2,698 | – | – | 39,971 |
| Gerald R. Bischoff VP and Corporate Controller | Mar 7, 2026 | Tax withholding | −150 | $58.88 | $8.83K | 1,779 |
| Gerald R. Bischoff VP and Corporate Controller | Mar 7, 2026 | Option exercise | +169 | – | – | 1,560 |
| Gerald R. Bischoff VP and Corporate Controller | Mar 7, 2026 | Tax withholding | −86 | $58.88 | $5.06K | 1,474 |
| Gerald R. Bischoff VP and Corporate Controller | Mar 7, 2026 | Option exercise | +323 | – | – | 1,797 |
| Gerald R. Bischoff VP and Corporate Controller | Mar 7, 2026 | Tax withholding | −164 | $58.88 | $9.66K | 1,633 |
| Gerald R. Bischoff VP and Corporate Controller | Mar 7, 2026 | Option exercise | +296 | – | – | 1,929 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Mar 7, 2026 | Option exercise | +6,019 | – | – | 770,533 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Mar 7, 2026 | Tax withholding | −2,724 | $58.88 | $160.39K | 767,809 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Mar 7, 2026 | Option exercise | +8,577 | – | – | 776,386 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Mar 7, 2026 | Tax withholding | −3,882 | $58.88 | $228.57K | 772,504 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Mar 7, 2026 | Option exercise | +7,248 | – | – | 779,752 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Mar 7, 2026 | Tax withholding | −3,280 | $58.88 | $193.13K | 776,472 |
| Brian Iverson Gen Couns, SVP Reg-Pub Policy | Mar 7, 2026 | Tax withholding | −414 | $58.88 | $24.38K | 9,119 |
| Brian Iverson Gen Couns, SVP Reg-Pub Policy | Mar 7, 2026 | Option exercise | +1,163 | – | – | 9,533 |
| Henry E. Monroy SVP and CFO | Mar 7, 2026 | Tax withholding | −158 | $58.88 | $9.30K | 9,046 |
| Henry E. Monroy SVP and CFO | Mar 7, 2026 | Option exercise | +311 | – | – | 9,204 |
| Henry E. Monroy SVP and CFO | Mar 7, 2026 | Option exercise | +181 | – | – | 9,227 |
| Henry E. Monroy SVP and CFO | Mar 7, 2026 | Tax withholding | −92 | $58.88 | $5.42K | 9,135 |
| Henry E. Monroy SVP and CFO | Mar 7, 2026 | Option exercise | +500 | – | – | 9,635 |
| Henry E. Monroy SVP and CFO | Mar 7, 2026 | Tax withholding | −253 | $58.88 | $14.90K | 9,382 |
| Joseph Don Tarry President and CEO, Director | Mar 7, 2026 | Option exercise | +2,424 | – | – | 57,610 |
| Joseph Don Tarry President and CEO, Director | Mar 7, 2026 | Tax withholding | −770 | $58.88 | $45.34K | 55,186 |
| Joseph Don Tarry President and CEO, Director | Mar 7, 2026 | Tax withholding | −1,414 | $58.88 | $83.26K | 58,223 |
| Joseph Don Tarry President and CEO, Director | Mar 7, 2026 | Tax withholding | −1,097 | $58.88 | $64.59K | 56,513 |
| Joseph Don Tarry President and CEO, Director | Mar 7, 2026 | Option exercise | +3,124 | – | – | 59,637 |
| Joseph Don Tarry President and CEO, Director | Mar 7, 2026 | Option exercise | +1,700 | – | – | 55,956 |
| Gerald R. Bischoff VP and Corporate Controller | Dec 17, 2025 | Option exercise | +638 | – | – | 1,680 |
| Gerald R. Bischoff VP and Corporate Controller | Dec 17, 2025 | Tax withholding | −289 | $58.71 | $16.97K | 1,391 |
| Monique Jacobson SVP, Corporate Services | Dec 17, 2025 | Option exercise | +658 | – | – | 658 |
| Monique Jacobson SVP, Corporate Services | Dec 17, 2025 | Tax withholding | −298 | $58.71 | $17.50K | 360 |
| Joseph Don Tarry President and CEO, Director | Dec 17, 2025 | Option exercise | +9,433 | – | – | 58,525 |
| Joseph Don Tarry President and CEO, Director | Dec 17, 2025 | Tax withholding | −4,269 | $58.71 | $250.63K | 54,256 |
| Brian Iverson Gen Couns, SVP Reg-Pub Policy | Dec 17, 2025 | Option exercise | +2,344 | – | – | 9,080 |
| Brian Iverson Gen Couns, SVP Reg-Pub Policy | Dec 17, 2025 | Tax withholding | −710 | $58.71 | $41.68K | 8,370 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Dec 17, 2025 | Option exercise | +27,320 | – | – | 776,877 |
| Patricia K. Collawn EXECUTIVE CHAIR, Director | Dec 17, 2025 | Tax withholding | −12,363 | $58.71 | $725.83K | 764,514 |
| Henry E. Monroy SVP and CFO | Dec 17, 2025 | Option exercise | +466 | – | – | 9,104 |
| Henry E. Monroy SVP and CFO | Dec 17, 2025 | Tax withholding | −211 | $58.71 | $12.39K | 8,893 |
| Joseph Don Tarry President and CEO, Director | Dec 1, 2025 | Tax withholding | −5,989 | $58.40 | $349.76K | 49,092 |
| Joseph Don Tarry President and CEO, Director | Dec 1, 2025 | Option exercise | +13,234 | – | – | 55,081 |
| Vicky A. Bailey Director | Nov 14, 2025 | Sale | −1,800 | $57.74 | $103.93K | 8,725 |
| Brian Iverson Gen Couns, SVP Reg-Pub Policy | Sep 16, 2025 | Option exercise | +4,650 | – | – | 8,143 |
| Brian Iverson Gen Couns, SVP Reg-Pub Policy | Sep 16, 2025 | Tax withholding | −1,407 | $56.63 | $79.68K | 6,736 |
| Lillian J. Montoya Director | May 13, 2025 | Award | +2,726 | – | – | 6,294 |
| Vicky A. Bailey Director | May 13, 2025 | Award | +2,726 | – | – | 8,994 |
| Sidney M. Gutierrez Director | May 13, 2025 | Award | +2,726 | – | – | 29,437 |
| Steven Maestas Director | May 13, 2025 | Award | +2,726 | – | – | 6,294 |
| James Alton Hughes Director | May 13, 2025 | Award | +2,726 | – | – | 19,519 |
| Norman P. Becker Director | May 13, 2025 | Award | +2,726 | – | – | 28,104 |
| E. Renae Conley Director | May 13, 2025 | Award | +2,726 | – | – | 37,273 |
| Maureen T. Mullarkey Director | May 13, 2025 | Award | +2,726 | – | – | 31,789 |
| Patricia K. Collawn CHAIRMAN AND CEO, Director | Mar 7, 2025 | Tax withholding | −2,701 | $47.78 | $129.05K | 749,557 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| A. Bailey Ttee The Vicky A. Bailey Revocable Trust Vicky Director | Nov 14, 2025 | 1,800 | $103.93K | Nov 14, 2025 | Restricted stock vesting under a registered plan |
| Norman P. Becker Director | Nov 21, 2024 | 3,750 | $181.31K | Nov 21, 2024 | Open Market Purchase |
| Apodaca Patrick Officer | Nov 18, 2024 | 5,749 | $273.07K | Nov 18, 2024 | Performance Shares |