TXNM Energy (NYSE:TXNM) Posts Quarterly Earnings Results

TXNM Energy (NYSE:TXNM) posted its earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30, Zacks reports. The firm had revenue of $476.96 million for the quarter, compared to the consensus estimate of $496.05 million. 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 %

Shares of TXNM stock opened at $53.09 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average price of $48.61 and a two-hundred day moving average price of $45.61. TXNM Energy has a 12-month low of $35.35 and a 12-month high of $54.90. The firm has a market cap of $4.79 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 6.12 and a beta of 0.40.

TXNM Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.4075 per share. The ex-dividend date was Friday, January 31st. This represents a $1.63 annualized dividend and a yield of 3.07%. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. TXNM Energy’s payout ratio is 84.90%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TXNM. Barclays increased their target price on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Citigroup increased their price objective on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Scotiabank increased their price objective on TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price objective on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, TXNM Energy currently has an average rating of “Moderate Buy” and a consensus target price 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.