TXNM Energy, Inc. (NYSE:TXNM) to Issue Quarterly Dividend of $0.41

TXNM Energy, Inc. (NYSE:TXNMGet Free Report) announced a quarterly dividend on Tuesday, December 3rd,RTT News reports. Investors of record on Friday, January 31st will be given a dividend of 0.4075 per share on Friday, February 14th. This represents a $1.63 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from TXNM Energy’s previous quarterly dividend of $0.39.

TXNM Energy Stock Up 0.3 %

Shares of NYSE TXNM opened at $47.23 on Wednesday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 5.58 and a beta of 0.40. The firm has a 50-day moving average of $48.33. 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 $34.63 and a 52-week high of $50.28.

TXNM Energy (NYSE:TXNMGet Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $569.30 million during the quarter, compared to analyst estimates of $588.88 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. TXNM Energy’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 EPS. Equities research analysts anticipate that TXNM Energy will post 2.72 EPS for the current fiscal year.

Analyst Ratings Changes

TXNM has been the topic of several recent research reports. Scotiabank lifted their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Barclays raised their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. 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. Finally, Jefferies Financial Group started coverage on TXNM Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, TXNM Energy presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Read Our Latest Research Report on TXNM

About TXNM Energy

(Get Free Report)

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.

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