TXNM Energy, Inc. (NYSE:TXNM - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $44.88 and last traded at $44.82, with a volume of 6476 shares traded. The stock had previously closed at $44.61.
Analyst Ratings Changes
TXNM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their target price on TXNM Energy from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of TXNM Energy from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of TXNM Energy in a report on Wednesday, October 2nd. They set a "buy" rating and a $50.00 target price on the stock. Finally, Scotiabank initiated coverage on shares of TXNM Energy in a report on Thursday, October 10th. They issued a "sector perform" rating and a $46.00 price target for the company.
Check Out Our Latest Research Report on TXNM
TXNM Energy Stock Up 0.3 %
The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 6.32 and a beta of 0.36. The company has a 50-day moving average of $42.38. 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 released its earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. TXNM Energy had a return on equity of 10.15% and a net margin of 4.50%. The firm had revenue of $488.10 million during the quarter, compared to the consensus estimate of $506.98 million. As a group, analysts forecast that TXNM Energy, Inc. will post 2.71 earnings per share for the current year.
TXNM Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, October 28th. TXNM Energy's dividend payout ratio (DPR) is presently 170.33%.
About TXNM Energy
(
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.
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