TXNM Energy, Inc. (NYSE:TXNM) Announces Quarterly Dividend of $1.15

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 30th will be paid a dividend of 1.145 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Tuesday, June 30th. This is a 171.0% increase from TXNM Energy’s previous quarterly dividend of $0.42.

TXNM Energy has increased its dividend by an average of 0.1%per year over the last three years.

TXNM Energy Price Performance

Shares of NYSE:TXNM opened at $59.45 on Friday. TXNM Energy has a 1-year low of $56.17 and a 1-year high of $59.52. The firm has a market capitalization of $6.58 billion, a PE ratio of 42.77, a PEG ratio of 2.57 and a beta of 0.16. The business’s 50 day moving average is $58.90 and its 200-day moving average is $58.75. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.09). TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The firm had revenue of $504.98 million for the quarter, compared to analyst estimates of $506.24 million. During the same period in the previous year, the business posted $0.19 EPS. TXNM Energy’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts predict that TXNM Energy will post 3.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, TXNM Energy presently has an average rating of “Hold” and a consensus target price of $61.25.

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.