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Held by 367 of 5,944 reporting institutions (95th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 95 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | $249.3B | 52.3× | 124.5× | 6.5× | 9.0% | 19.8% | 12.8% | 43.7% | 43.4% | 0.0× | 2,989 |
| NEE | $167.4B | 24.4× | — | 6.5× | 9.8% | — | 26.5% | 12.5% | 4.6% | — | 2,911 |
| SO | $95.1B | 22.0× | — | 3.2× | 10.6% | — | 14.7% | 12.1% | 11.8% | — | 2,268 |
| DUK | $91.6B | 18.7× | 10.7× | 2.9× | 5.6% | — | 15.7% | 9.6% | 3.7% | 5.1× | 2,360 |
| CEG | $81.0B | 35.1× | 21.3× | 3.2× | 8.3% | — | 9.1% | 16.0% | 9.9% | 2.2× | 1,836 |
| AEP | $65.3B | 18.1× | 12.8× | 3.0× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 1,854 |
| D | $55.8B | 18.4× | — | 3.4× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 1,421 |
| SRE | $53.3B | 29.7× | — | 3.9× | 3.9% | — | 13.4% | 5.8% | 5.1% | — | 1,217 |
| VST | $47.5B | 64.4× | 16.8× | 2.7× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.8× | 1,246 |
| XEL | $45.3B | 21.3× | — | — | — | — | — | 8.5% | 3.5% | — | 1,208 |
| ETR | $45.2B | 26.2× | 13.1× | 3.5× | 9.0% | — | 13.7% | 10.5% | 3.9% | 5.2× | 1,224 |
| EXC | $43.4B | — | 11.1× | 1.8× | 5.3% | — | 11.4% | 9.6% | 3.6% | 5.9× | 1,230 |
| ED | $38.1B | 18.7× | — | 2.3× | 10.9% | — | 12.0% | 8.4% | 4.0% | — | 1,368 |
| PEG | $35.1B | 16.7× | — | 2.9× | 18.3% | — | 17.3% | 12.4% | 5.3% | — | 1,231 |
| WEC | $33.6B | 21.5× | 14.5× | 3.4× | 14.0% | 66.7% | 15.9% | 11.1% | 4.5% | 5.5× | 1,310 |
| AEE | $28.5B | 19.3× | — | 3.2× | 15.4% | — | 16.6% | 10.9% | 4.5% | — | 884 |
| AWK | $26.9B | 24.2× | 10.2× | 5.3× | 10.1% | — | 21.7% | 10.3% | 8.9% | 0.6× | 1,100 |
| FE | $26.2B | 25.8× | 6.8× | 1.7× | 12.0% | — | 6.8% | 8.2% | 7.9% | 0.1× | 894 |
| ATO | $26.2B | 21.7× | 11.3× | 5.6× | 12.9% | — | 25.5% | 8.8% | 8.8% | — | 961 |
| ES | $25.5B | 14.9× | 9.9× | 1.9× | 13.8% | — | 12.5% | 10.5% | 3.8% | 5.2× | 1,012 |
| PPL | $25.1B | 21.0× | 12.3× | 2.8× | 6.9% | — | 13.1% | 7.9% | 3.5% | 5.4× | 947 |
| CNP | $25.0B | 24.0× | 12.7× | 2.7× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 774 |
| EIX | $21.1B | 4.8× | 5.8× | 1.1× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 1,005 |
| NRG | $20.4B | 26.8× | 9.9× | 0.7× | 9.2% | — | 2.8% | 51.4% | 4.8% | 5.1× | 1,010 |
| CMS | $20.2B | 18.7× | 12.7× | 2.4× | 13.6% | — | 12.5% | 11.7% | 3.8% | 6.2× | 762 |
| TXNM | $6.4B | 39.5× | 12.6× | 2.9× | 9.9% | — | 7.8% | 5.0% | 2.0% | 5.7× | 367 |
Peers = companies sharing TXNM's sector (Utilities) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $163M dividends + $12M buybacks = $175M returned on -$611M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 2%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $18M is below the $303M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~5.1% on $5.3B of debt.
Cash of $18M is below short-term debt of $181M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.17B 100.0% | $1.97B 100.0% | $1.94B 100.0% | $2.25B 100.0% | $1.78B 100.0% | $1.52B 100.0% | $1.46B 100.0% | $1.44B 100.0% | $1.45B 100.0% | $1.36B 100.0% |
| Gross Profit | — | — | $655.8M 33.8% | $740.5M 32.9% | $648.9M 36.5% | $606.7M 39.8% | — | — | — | — |
| Selling, General & Admin | $274.5M 12.7% | $247.1M 12.5% | $227.9M 11.8% | $227.1M 10.1% | $230.3M 12.9% | $216.3M 14.2% | $189.2M 13.0% | $188.5M 13.1% | $177.8M 12.3% | $184.8M 13.6% |
| Operating Income | $441.2M 20.4% | $453.5M 23.0% | $231.3M 11.9% | $393.8M 17.5% | $308.2M 17.3% | $285.3M 18.7% | $144.2M 9.9% | $236.0M 16.4% | $315.0M 21.8% | $284.7M 20.9% |
| Interest Expense | $271.5M 12.5% | $228.1M 11.6% | $190.4M 9.8% | $127.9M 5.7% | $96.9M 5.4% | $114.4M 7.5% | $121.0M 8.3% | $127.2M 8.9% | $127.6M 8.8% | $128.6M 9.4% |
| Interest & Investment Income | $20.1M 0.9% | $23.5M 1.2% | $22.0M 1.1% | $16.1M 0.7% | $14.7M 0.8% | $14.2M 0.9% | $14.0M 1.0% | $15.5M 1.1% | $15.9M 1.1% | $22.3M 1.6% |
| Other Income (Expense), net | $10.4M 0.5% | $54.8M 2.8% | $49.5M 2.6% | -$54.5M -2.4% | $33.2M 1.9% | $37.1M 2.4% | $43.7M 3.0% | $254K 0.0% | $38.3M 2.7% | $39.1M 2.9% |
| Pretax Income | $180.0M 8.3% | $280.2M 14.2% | $90.5M 4.7% | $211.3M 9.4% | $244.4M 13.7% | $208.0M 13.7% | $66.8M 4.6% | $109.1M 7.6% | $225.8M 15.6% | $195.2M 14.3% |
| Income Tax Expense | $10.2M 0.5% | $21.5M 1.1% | -$16.4M -0.8% | $26.1M 1.2% | $32.6M 1.8% | $20.6M 1.4% | -$25.3M -1.7% | $7.8M 0.5% | $130.3M 9.0% | $63.3M 4.6% |
| Net Income | $169.8M 7.8% | $258.7M 13.1% | $106.9M 5.5% | $185.2M 8.2% | $211.8M 11.9% | $187.3M 12.3% | $92.1M 6.3% | $101.3M 7.1% | $79.9M 5.5% | $116.8M 8.6% |
| Per Share | ||||||||||
| EPS (Basic) | $1.49 | $2.67 | $1.02 | $1.97 | $2.28 | $2.16 | $0.97 | $1.07 | $1.00 | $1.47 |
| EPS (Diluted) | $1.48 | $2.67 | $1.02 | $1.97 | $2.27 | $2.15 | $0.97 | $1.07 | $1.00 | $1.46 |
| Weighted Avg Shares (Basic) | 101.5M | 90.5M | 86.3M | 86.1M | 86.1M | 80.2M | 79.9M | 79.9M | 79.9M | 79.8M |
| Weighted Avg Shares (Diluted) | 102.4M | 90.6M | 86.4M | 86.2M | 86.1M | 80.3M | 80.0M | 80.0M | 80.1M | 80.1M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 91th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Gross Profit | — | — | 39.8 | 36.5 | 32.9 | 33.8 | — | — |
| SG&A | 13.1 | 13.0 | 14.2 | 12.9 | 10.1 | 11.8 | 12.5 | 12.7 |
| Operating Income | 16.4 | 9.9 | 18.7 | 17.3 | 17.5 | 11.9 | 23.0 | 20.4 |
| Income Tax | 0.5 | -1.7 | 1.4 | 1.8 | 1.2 | -0.8 | 1.1 | 0.5 |
| Net Income | 7.1 | 6.3 | 12.3 | 11.9 | 8.2 | 5.5 | 13.1 | 7.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TXNM: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.