TXNM Energy, Inc. (NYSE:TXNM – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $59.52 and last traded at $59.49, with a volume of 1258793 shares. The stock had previously closed at $59.47.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of TXNM Energy from a “hold” rating to a “sell” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.25.
Get Our Latest Stock Analysis on TXNM Energy
TXNM Energy Price Performance
TXNM Energy (NYSE:TXNM – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.09). The company had revenue of $504.98 million during the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. TXNM Energy’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Equities research analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.
TXNM Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.145 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.58 annualized dividend and a yield of 7.7%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.42. TXNM Energy’s dividend payout ratio is 121.58%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in TXNM. Empowered Funds LLC purchased a new position in shares of TXNM Energy during the 1st quarter valued at $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of TXNM Energy by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company’s stock valued at $15,902,000 after purchasing an additional 32,776 shares in the last quarter. M&T Bank Corp grew its holdings in shares of TXNM Energy by 29.4% during the second quarter. M&T Bank Corp now owns 6,271 shares of the company’s stock worth $353,000 after purchasing an additional 1,426 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in TXNM Energy by 215.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in TXNM Energy by 323.5% in the 2nd quarter. Marshall Wace LLP now owns 126,600 shares of the company’s stock worth $7,130,000 after buying an additional 96,708 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.
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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.
Read More
- Five stocks we like better than TXNM Energy
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
Receive News & Ratings for TXNM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TXNM Energy and related companies with MarketBeat.com's FREE daily email newsletter.
