FY2026 EPS Estimates for TXNM Energy Raised by Scotiabank

TXNM Energy, Inc. (NYSE:TXNM - Free Report) - Investment analysts at Scotiabank upped their FY2026 earnings estimates for shares of TXNM Energy in a research note issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the company will post earnings of $3.10 per share for the year, up from their prior 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.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.30. The firm had revenue of $476.96 million during 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%.

Several other equities analysts have also commented on TXNM. Citigroup increased their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective on the stock in a research note on Tuesday, March 11th. Barclays boosted their target price on TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Finally, Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, TXNM Energy has a consensus rating of "Moderate Buy" and a consensus price target of $53.57.

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TXNM Energy Price Performance

NYSE TXNM traded up $0.11 on Monday, reaching $53.68. 660,790 shares of the company's stock traded hands, compared to its average volume of 791,265. The stock has a market cap of $4.97 billion, a PE ratio of 27.96, a P/E/G ratio of 6.12 and a beta of 0.32. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. TXNM Energy has a 12 month low of $39.60 and a 12 month high of $55.50. The stock has a 50-day simple moving average of $50.41 and a 200 day simple moving average of $47.41.

TXNM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy's payout ratio is 61.05%.

Institutional Investors Weigh In On TXNM Energy

A number of large investors have recently made changes to their positions in the business. Bessemer Group Inc. bought a new position in TXNM Energy in the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy in the fourth quarter worth about $38,000. LRI Investments LLC bought a new position in TXNM Energy in the fourth quarter worth about $40,000. Nomura Asset Management Co. Ltd. purchased a new stake in TXNM Energy in the fourth quarter worth about $48,000. Finally, NewEdge Advisors LLC bought a new stake in TXNM Energy during the 4th quarter valued at approximately $53,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Company Profile

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.