TXNM Energy (NYSE:TXNM) Posts Earnings Results, Hits Estimates

TXNM Energy (NYSE:TXNM) posted its quarterly earnings data on Friday. The company reported $0.30 EPS for the quarter, hitting 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 Trading Up 3.2 %

NYSE TXNM opened at $53.09 on Friday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 6.12 and a beta of 0.40. TXNM Energy has a 52 week low of $35.35 and a 52 week high of $54.90. The business has a 50 day moving average price of $48.53 and a 200-day moving average price of $45.52. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80.

TXNM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.4075 dividend. 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 3.07%. The ex-dividend date of this dividend was Friday, January 31st. TXNM Energy’s payout ratio is presently 84.90%.

Analysts Set New Price Targets

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

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.