TXNM Energy Inc (TXNM) shareholders
TXNMNYSEElectric ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 5/303% above fair value
$58.87+0.05 (+0.09%)
Close on Nov 13, 2026Market cap $6.48BP/E 28.3Yield 2.80%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
112M of 110M shares
Institutional holders
385
49 new, 36 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
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 |
|---|---|---|---|---|
| BlackRock, Inc. | 14,225,755 | 12.90% | 13G (passive) amendment | Sep 30, 2026 |
| Blackstone Holdings II L.P. Joint filing with Troy GP LLC (7.90%), Troy TopCo LP (7.90%) and 8 more | 8,000,000 | 7.90% | 13D (active) | May 18, 2025 |
| Balyasny Asset Management Holdings LP Joint filing with Balyasny Asset Management L.P. (6.55%), Bam Gp LLC (6.55%) and 2 more | 7,133,543 | 6.55% | 13G (passive) | Mar 31, 2026 |
| Dames GP LLC Joint filing with Balyasny Asset Management L.P. (6.43%), Bam Gp LLC (6.43%) and 2 more | 7,113,061 | 6.43% | 13G (passive) amendment | Jun 30, 2026 |
| Abigail P. Johnson Joint filing with FMR LLC (7.40%) | 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 Joint filing with Matthew Halbower (5.90%) | 6,487,500 | 5.90% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 5,504,019 | 5.05% | 13G (passive) | 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 | 13.25% | $828.75M | +1,235,130 | 0.01% |
| Blackstone Inc. | 8,000,000 | 7.26% | $454.24M | – | 1.38% |
| Balyasny Asset Management L.P. | 7,113,061 | 6.46% | $403.88M | −20,482 | 0.50% |
| Vanguard Portfolio Management LLC | 6,740,196 | 6.12% | $382.71M | +190,297 | 0.02% |
| Pentwater Capital Management LP | 6,487,500 | 5.89% | $368.36M | +3,687,500 | 2.25% |
| Vanguard Capital Management LLC | 4,842,279 | 4.40% | $274.94M | +127,561 | 0.01% |
| State Street Corp | 4,124,968 | 3.75% | $234.22M | +241,659 | 0.01% |
| Geode Capital Management, LLC | 2,996,464 | 2.72% | $170.17M | +205,051 | 0.01% |
| Millennium Management LLC | 2,470,809 | 2.24% | $140.29M | −1,058,701 | 0.05% |
| Norges Bank | 2,264,722 | 2.06% | $128.59M | New | 0.01% |
| Goldman Sachs Group Inc | 2,206,304 | 2.00% | $125.27M | −133,180 | 0.01% |
| Qube Research & Technologies Ltd | 2,084,253 | 1.89% | $118.34M | +832,019 | 0.11% |
| AQR Arbitrage LLC | 1,812,443 | 1.65% | $102.91M | +46,596 | 1.47% |
| Morgan Stanley | 1,583,353 | 1.44% | $89.90M | +105,156 | 0.00% |
| Magnetar Financial LLC | 1,448,220 | 1.32% | $82.23M | −26,918 | 0.75% |
| Melqart Asset Management (UK) Ltd | 1,370,244 | 1.24% | $77.80M | +319,297 | 7.40% |
| Alliancebernstein L.P. | 1,328,638 | 1.21% | $77.67M | +237,360 | 0.03% |
| Charles Schwab Investment Management Inc | 1,262,285 | 1.15% | $71.67M | +28,617 | 0.01% |
| Northern Trust Corp | 1,208,968 | 1.10% | $68.65M | +78,298 | 0.01% |
| Invesco Ltd. | 1,203,808 | 1.09% | $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 | 99.4% | 48 / 147 | 118 / 37 | 30M | 18M |
| Q4 2025 | 378 | 109M | 99.0% | 55 / 143 | 115 / 36 | 14M | 11M |
| Q3 2025 | 365 | 106M | 96.5% | 52 / 149 | 101 / 36 | 19M | 19M |
| Q2 2025 | 351 | 107M | 96.8% | 88 / 127 | 92 / 57 | 32M | 26M |
| Q1 2025 | 323 | 101M | 91.3% | 57 / 119 | 100 / 32 | 17M | 15M |
| Q4 2024 | 301 | 99M | 89.8% | 45 / 110 | 95 / 38 | 19M | 9M |
| Q3 2024 | 300 | 90M | 81.6% | 56 / 94 | 107 / 35 | 20M | 6M |
| Q2 2024 | 282 | 88M | 80.0% | 47 / 106 | 91 / 38 | 11M | 10M |
| Q1 2024 | 276 | 87M | 79.0% | 52 / 105 | 92 / 73 | 27M | 28M |
| Q4 2023 | 299 | 89M | 80.5% | 44 / 105 | 109 / 39 | 14M | 13M |
| Q3 2023 | 297 | 87M | 79.2% | 39 / 103 | 114 / 27 | 11M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
286 funds held TXNM in Q2 2026, 72% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of TXNM | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3,515,222 | 3.19% | $199.59M | 0.01% | Jun 30, 2026 |
| iShares Core S&P Mid-Cap ETF | 3,409,741 | 3.10% | $193.61M | 0.16% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,676,762 | 2.43% | $151.99M | 0.18% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,539,343 | 2.31% | $144.18M | 0.08% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,608,327 | 1.46% | $91.32M | 0.13% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,142,661 | 1.04% | $64.88M | 0.07% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,136,556 | 1.03% | $65.83M | 0.19% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 965,873 | 0.88% | $54.84M | 0.38% | Jun 30, 2026 |
| Nexpoint Merger Arbitrage Fund | 728,016 | 0.66% | $41.34M | 2.77% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 682,333 | 0.62% | $40.40M | 0.38% | May 31, 2026 |
| Invesco S&P MidCap Momentum ETF | 673,935 | 0.61% | $39.03M | 0.54% | Jul 31, 2026 |
| The Arbitrage Fund | 595,506 | 0.54% | $35.26M | 4.17% | May 31, 2026 |
| Vanguard Dividend Appreciation Index Fund | 563,742 | 0.51% | $32.65M | 0.02% | Jul 31, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 547,000 | 0.50% | $31.06M | 0.69% | Jun 30, 2026 |
| First Trust Value Line Dividend Index Fund | 546,519 | 0.50% | $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 | 0.70% | Aug 17, 2026 |
| Joseph Don Tarry | President and CEO, Director | 57,610 | 0.05% | 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.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
6.38%
6M shares short
Days to cover
6.3
At 1M shares a day
Change since last report
+7.7%
From 6M shares
Short volume, 20 days
35.3%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of TXNM Energy's stock actually held short. Settlement fails (shares not delivered on time) peaked at 11,799 shares on Sep 17, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Vicky A. Bailey Ttee The Vicky A Bailey Revocable Trust 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 |
| Patrick V. Apodaca Officer | Nov 18, 2024 | 5,749 | $273.07K | Nov 18, 2024 | Performance Shares |
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