TXNM Energy (NYSE:TXNM) Announces Quarterly Earnings Results

TXNM Energy (NYSE:TXNM) announced its quarterly earnings data on Friday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01), Zacks reports. The firm had revenue of $482.79 million for the quarter, compared to analysts’ expectations of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. TXNM Energy updated its FY 2025 guidance to 2.740-2.840 EPS.

TXNM Energy Price Performance

Shares of TXNM opened at $52.89 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The company has a market cap of $4.90 billion, a P/E ratio of 27.55, a PEG ratio of 6.12 and a beta of 0.11. TXNM Energy has a 12 month low of $39.60 and a 12 month high of $55.50. The stock has a fifty day moving average price of $52.38 and a 200 day moving average price of $49.60.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be paid a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.08%. TXNM Energy’s dividend payout ratio (DPR) is 61.05%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Scotiabank raised their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research note on Monday, February 24th. Barclays upped their price target on TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Mizuho raised TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Tuesday, March 11th. Finally, Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TXNM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $53.57.

About TXNM Energy

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.