Vanguard Capital Management Acquires 5.05% Passive Stake in TXNM Energy Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.05% stake in TXNM Energy Inc. As of the event date on March 31, 2026, Vanguard beneficially owns 5,504,019 shares of common stock. This filing marks a significant increase from a previously reported 0% ownership position. The reporting entity disclosed sole dispositive power over all 5,504,019 shares, while maintaining sole voting power over 789,301 shares. The filing includes holdings from various Vanguard affiliates, such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. No other single person's interest in the reported securities exceeds 5%. This passive investment position reflects Vanguard's expanded footprint in the Albuquerque-based energy company.