TXNM Energy (NYSE:TXNM) Upgraded to Hold at Wall Street Zen

Posted by Brian Himes on Aug 9th, 2026

Wall Street Zen upgraded shares of TXNM Energy (NYSE:TXNM – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings upgraded TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.25.

View Our Latest Stock Report on TXNM

TXNM Energy Stock Up 0.2%

Shares of TXNM opened at $57.60 on Friday. TXNM Energy has a 52 week low of $55.64 and a 52 week high of $59.53. The firm has a market cap of $5.94 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.48 and a beta of 0.17. The firm’s 50-day simple moving average is $57.54 and its 200 day simple moving average is $58.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.36 and a current ratio of 0.56.

TXNM Energy (NYSE:TXNM – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $548.55 million for the quarter, compared to analysts’ expectations of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. On average, analysts forecast that TXNM Energy will post 3.07 earnings per share for the current year.

TXNM Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 3rd. TXNM Energy’s dividend payout ratio (DPR) is currently 93.37%.

Institutional Trading of TXNM Energy

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of TXNM Energy by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 11,899,308 shares of the company’s stock valued at $700,631,000 after buying an additional 330,382 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in TXNM Energy by 344.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock worth $228,592,000 after acquiring an additional 3,133,794 shares during the period. Norges Bank acquired a new position in TXNM Energy in the 4th quarter valued at $182,061,000. Geode Capital Management LLC raised its holdings in TXNM Energy by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 2,570,550 shares of the company’s stock valued at $151,378,000 after acquiring an additional 161,141 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in TXNM Energy by 53.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,931,107 shares of the company’s stock valued at $113,704,000 after acquiring an additional 668,929 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Company Profile

(Get Free Report)

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.