TXNM Energy (NYSE:TXNM) Posts Earnings Results

TXNM Energy (NYSE:TXNM) announced its earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30, Zacks reports. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. TXNM Energy updated its FY 2025 guidance to 2.740-2.840 EPS.

TXNM Energy Stock Performance

TXNM traded up $1.51 during trading on Friday, reaching $52.94. 870,063 shares of the company were exchanged, compared to its average volume of 837,183. The stock has a market cap of $4.78 billion, a P/E ratio of 27.65, a PEG ratio of 6.07 and a beta of 0.40. The firm has a 50 day moving average of $48.53 and a 200 day moving average of $45.52. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. TXNM Energy has a 52 week low of $35.35 and a 52 week high of $54.90.

TXNM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.4075 per share. This is an increase from TXNM Energy’s previous quarterly dividend of $0.39. This represents a $1.63 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Friday, January 31st. TXNM Energy’s dividend payout ratio is presently 84.90%.

Analyst Ratings Changes

Several research firms recently issued reports on TXNM. Citigroup upped their price target on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Barclays upped their price target on TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Wells Fargo & Company upped their price target on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Scotiabank upped their price target on TXNM Energy from $46.00 to $52.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

TXNM Energy Company Profile

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.