Analysts Set Expectations for TXNM Energy FY2026 Earnings

TXNM Energy, Inc. (NYSE:TXNM - Free Report) - Scotiabank boosted their FY2026 earnings per share estimates for TXNM Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the company will earn $3.10 per share for the year, up from their previous estimate of $3.04. Scotiabank currently has a "Sector Perform" rating and a $55.00 target price on the stock. The consensus estimate for TXNM Energy's current full-year earnings is $2.73 per share.

A number of other equities analysts have also recently issued reports on the stock. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective for the company in a research report on Tuesday, March 11th. Citigroup raised their price objective on TXNM Energy from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Barclays upped their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Wells Fargo & Company boosted their price target on TXNM Energy from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Finally, Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and upped their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.57.

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TXNM Energy Stock Performance

Shares of TXNM traded down $0.17 during mid-day trading on Monday, hitting $54.16. 631,876 shares of the company's stock were exchanged, compared to its average volume of 788,648. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 6.12 and a beta of 0.32. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The stock's 50-day simple moving average is $50.17 and its 200-day simple moving average is $47.28. TXNM Energy has a 52 week low of $39.60 and a 52 week high of $55.50.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $476.96 million for the quarter, compared to analysts' expectations of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in TXNM Energy during the fourth quarter valued at $497,880,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of TXNM Energy during the fourth quarter worth $303,744,000. FMR LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at $191,594,000. Fuller & Thaler Asset Management Inc. bought a new position in TXNM Energy in the 4th quarter worth about $189,170,000. Finally, Zimmer Partners LP purchased a new position in TXNM Energy during the 4th quarter valued at about $165,816,000. 91.68% of the stock is owned by institutional investors.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.01%. TXNM Energy's dividend payout ratio (DPR) is currently 61.05%.

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.