TXNM Energy (NYSE:TXNM) Issues Quarterly Earnings Results

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

TXNM Energy Price Performance

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

TXNM Energy Announces Dividend

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

Wall Street Analyst Weigh In

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