TXNM Energy (NYSE:TXNM) Hits New 1-Year High at $44.99

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.99 and last traded at $44.99, with a volume of 100 shares trading hands. The stock had previously closed at $44.10.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on shares of TXNM Energy in a research note on Wednesday. They issued a "buy" rating and a $50.00 price objective for the company.

TXNM Energy Stock Performance

The firm's 50-day moving average is $41.59. The company has a market cap of $3.97 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 6.31 and a beta of 0.36. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.47 and a quick ratio of 0.37.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $488.10 million during the quarter, compared to analysts' expectations of $506.98 million. TXNM Energy had a return on equity of 10.06% and a net margin of 4.50%. Analysts anticipate that TXNM Energy, Inc. will post 2.72 earnings per share for the current year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Monday, October 28th.

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.