TXNM Energy (TXNM) Stock Price, News & Analysis

Company Overview

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. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

Key Stats

• Today's Range: $47.63 to $48.49
• 50-Day Range: $41.59 to $47.89
• 52-Week Range: $34.63 to $48.49
• Volume: 128,781 shs
• Average Volume: 932,968 shs
• Market Capitalization: $4.37 billion
• P/E Ratio: 25.22
• Dividend Yield: 3.20%
• Price Target: $47.75
• Consensus Rating: Moderate Buy

TXNM Energy Stock Analysis - MarketRank™

TXNM Energy scored higher than 26% of companies evaluated by MarketBeat, and ranked 229th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TXNM Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

TXNM Energy has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 4.41%

Earnings Growth

Earnings for TXNM Energy are expected to grow by 4.41% in the coming year, from $2.72 to $2.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TXNM Energy is 25.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of TXNM Energy is 25.22, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.84.

Price to Earnings Growth Ratio

TXNM Energy has a PEG Ratio of 6.94. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

TXNM Energy has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TXNM.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

TXNM Energy pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TXNM Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TXNM Energy is 80.73%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, TXNM Energy will have a dividend payout ratio of 54.58% next year. This indicates that TXNM Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TXNM.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.58

News Sentiment

TXNM Energy has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for TXNM Energy this week, compared to 2 articles on an average week.

MarketBeat Follows

1 people have added TXNM Energy to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TXNM Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.36% of the stock of TXNM Energy is held by insiders.

Percentage Held by Institutions

91.68% of the stock of TXNM Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TXNM Stock Analysis - Frequently Asked Questions

How have TXNM shares performed this year?

TXNM Energy's stock was trading at $40.19 on January 1st, 2024. Since then, TXNM shares have increased by 20.5% and is now trading at $48.43.
View the best growth stocks for 2024 here.

How were TXNM Energy's earnings last quarter?

TXNM Energy, Inc. (NYSE:TXNM) announced its quarterly earnings results on Friday, November, 1st. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. TXNM Energy's revenue was up 12.5% compared to the same quarter last year.

How do I buy shares of TXNM Energy?

Shares of TXNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TXNM Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TXNM Energy investors own include iShares Micro-Cap ETF (IWC), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 11/8 Dividend: 10/28/2024
• Last Earnings: 11/01/2024
• Dividend Payable: 11/08/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: N/A
• Current Symbol: NYSE:TXNM
• Previous Symbol: NYSE:TXNM
• CUSIP: N/A
• CIK: 1108426
• Web: www.pnmresources.com
• Phone: (505) 241-2700
• Fax: 505-241-4311
• Employees: 1,635
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $47.75
• High Stock Price Target: $50.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: -1.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.92
• Trailing P/E Ratio: 25.22
• Forward P/E Ratio: 17.81
• P/E Growth: 6.94
• Net Income: $88.35 million
• Net Margins: 9.26%
• Pretax Margin: 9.64%
• Return on Equity: 9.69%
• Return on Assets: 2.26%

Debt

• Debt-to-Equity Ratio: 1.80
• Current Ratio: 0.36
• Quick Ratio: 0.27

Sales & Book Value

• Annual Sales: $1.94 billion
• Price / Sales: 2.25
• Cash Flow: $6.71 per share
• Price / Cash Flow: 7.22
• Book Value: $27.81 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 90,200,000
• Free Float: 88,973,000
• Market Cap: $4.37 billion
• Optionable: Optionable
• Beta: 0.36