13FPulse
TX

TXNM TXNM ENERGY INC

2026Q2 · CUSIP 69349H107 · Sector: Utilities

Normal

Fund flows are within the usual range

Funds that own it
374
Institutions that reported holding it to the SEC
Net decrease in holders
5
Last quarter 379 → now 374
How unusual is that
Below average
Stronger than only 20% of US stocks
What the filings say, in one paragraph

374 funds held TXNM at the end of 2026Q2, down 5 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $2.2B(YoY +8.5%), the P/E is 41.2x, return on equity is 4.8%. TXNM has had 12 buying rushes in its history, and the price moved -0.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Utilities sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=190 2013Q4: holders=187 2014Q1: holders=200 2014Q2: holders=201 2014Q3: holders=192 2014Q4: holders=212 2015Q1: holders=212 2015Q2: holders=206 2015Q3: holders=199 2015Q4: holders=211 2016Q1: holders=234 2016Q2: holders=239 2016Q3: holders=235 2016Q4: holders=235 2017Q1: holders=220 2017Q2: holders=224 2017Q3: holders=237 2017Q4: holders=276 2018Q1: holders=261 2018Q2: holders=267 2018Q3: holders=260 2018Q4: holders=270 2019Q1: holders=264 2019Q2: holders=250 2019Q3: holders=260 2019Q4: holders=264 2020Q1: holders=243 2020Q2: holders=242 2020Q3: holders=246 2020Q4: holders=274 2021Q1: holders=250 2021Q2: holders=258 2021Q3: holders=254 2021Q4: holders=260 2022Q1: holders=258 2022Q2: holders=252 2022Q3: holders=263 2022Q4: holders=293 2023Q1: holders=290 2023Q2: holders=284 2023Q3: holders=295 2023Q4: holders=299 2024Q1: holders=275 2024Q2: holders=282 2024Q3: holders=300 2024Q4: holders=303 2025Q1: holders=323 2025Q2: holders=353 2025Q3: holders=364 2025Q4: holders=379 2026Q1: holders=379 2026Q2: holders=374 -39 -19.5 +0 +19.5 +39 168283398 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 12 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 10% +1.1% +2.8%
2025Q1 Top 20% +0.3% +0.9%
2024Q3 Top 20% +0.4% +13.4%
2023Q3 Top 20% -9.6% -12.8%
2022Q4 Top 20% -0.1% -5.9%
2022Q3 Top 20% +3.2% +3.7%
2019Q3 Top 20% +2.2% +13.8%
2017Q4 Top 20% +5.2% +6.7%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
178
Change in large funds
+3
Total value they hold
$6.3B
Funds buying for the first time
48
Funds that sold out entirely
53
Price change that quarter
-1.6%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
2

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
41.2
EPS (TTM)
$1.41
EPS YoY
-37.3%
Revenue (TTM)
$2.2B
Revenue YoY
+8.5%
Net margin
7.5%
ROE
4.8%
Debt ratio
71.0%
FCF (TTM)
-$570M
Dividend (TTM)
$1.67
Quarterly Revenue & EPS
2022-06-30: EPS 0.18 2022-09-30: EPS 1.42 2022-12-31: EPS 0.18 2023-03-31: EPS 0.64 2023-06-30: EPS 0.53 2023-09-30: EPS 0.44 2023-12-31: EPS -0.59 2024-03-31: EPS 0.52 2024-06-30: EPS 0.53 2024-09-30: EPS 1.45 2024-12-31: EPS 0.17 2025-03-31: EPS 0.10 2025-06-30: EPS 0.22 2025-09-30: EPS 1.22 2025-12-31: EPS -0.06 2026-03-31: EPS 0.03 0M 365M 730M $M -0.65 0.47 1.60 20222023202420252026 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 29 13 29 45 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-299M-103M93M 20162017201820192020202120222023202420252026
Latest quarter $-160M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.