TXNM Energy, Inc. (NYSE:TXNM) Declares $0.42 Quarterly Dividend

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Friday, October 23rd will be paid a dividend of 0.4225 per share on Friday, November 13th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 23rd.

TXNM Energy has raised its dividend by an average of 0.1%annually over the last three years.

TXNM Energy Stock Performance

TXNM traded up $0.07 during trading hours on Wednesday, hitting $58.70. The company’s stock had a trading volume of 125,105 shares, compared to its average volume of 1,338,501. The company has a 50-day simple moving average of $57.80 and a 200 day simple moving average of $58.19. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $6.46 billion, a PE ratio of 32.44, a PEG ratio of 2.53 and a beta of 0.17. TXNM Energy has a fifty-two week low of $55.64 and a fifty-two week high of $59.53.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%.The company had revenue of $548.55 million during the quarter, compared to analysts’ expectations of $567.00 million. As a group, sell-side analysts expect that TXNM Energy will post 3.07 EPS for the current year.

Hedge Funds Weigh In On TXNM Energy

A number of hedge funds have recently modified their holdings of the stock. Tidal Investments LLC grew its holdings in shares of TXNM Energy by 188.6% during the second quarter. Tidal Investments LLC now owns 39,613 shares of the company’s stock valued at $2,249,000 after buying an additional 25,889 shares in the last quarter. Athos Capital Ltd purchased a new position in TXNM Energy during the 2nd quarter valued at about $8,948,000. Bank of America Corp DE grew its stake in TXNM Energy by 9.9% during the 1st quarter. Bank of America Corp DE now owns 305,595 shares of the company’s stock valued at $17,865,000 after acquiring an additional 27,601 shares in the last quarter. Pentwater Capital Management LP acquired a new position in shares of TXNM Energy in the 2nd quarter valued at about $368,360,000. Finally, Jupiter Topco LLC purchased a new stake in shares of TXNM Energy in the second quarter worth approximately $2,511,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Company Profile

TXNM Energy Inc (NYSE: TXNM) is an energy holding company that owns regulated electric utilities serving customers in New Mexico and Texas. Its principal operating companies are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

PNM provides electricity generation, transmission and distribution services in New Mexico, while TNMP operates an electric transmission and distribution network in several regions of Texas. The company’s operations support residential, commercial and industrial customers and include a mix of conventional and renewable power resources.

TXNM Energy was formerly known as PNM Resources and adopted its current name and ticker symbol in 2025.