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

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, April 25th will be given a dividend of 0.4075 per share on Friday, May 16th. This represents a $1.63 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, April 25th.

TXNM Energy Stock Down 1.2 %

NYSE TXNM opened at $51.61 on Thursday. TXNM Energy has a 52 week low of $35.35 and a 52 week high of $54.90. 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’s fifty day simple moving average is $48.84 and its 200-day simple moving average is $45.86. The firm has a market cap of $4.66 billion, a PE ratio of 26.88, a P/E/G ratio of 6.12 and a beta of 0.40.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $476.96 million for the quarter, compared to analyst estimates of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. As a group, equities analysts anticipate that TXNM Energy will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Citigroup boosted their price objective on shares of TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Scotiabank boosted their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday. Barclays boosted their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, TXNM Energy has an average rating of “Moderate Buy” and an average price target of $52.83.

TXNM Energy Company Profile

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.