TXNM Energy, Inc. (NYSE:TXNM) to Issue $0.41 Quarterly Dividend

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Friday, April 25th will be given a dividend of 0.4075 per share on Friday, May 16th. This represents a $1.63 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, April 25th.

TXNM Energy Stock Performance

NYSE TXNM traded up $1.25 during mid-day trading on Friday, reaching $52.13. 1,010,163 shares of the stock were exchanged, compared to its average volume of 880,627. The business's 50 day moving average is $48.99 and its 200-day moving average is $45.98. TXNM Energy has a 1 year low of $35.35 and a 1 year high of $54.90. The company has a market capitalization of $4.70 billion, a P/E ratio of 27.15, a P/E/G ratio of 6.12 and a beta of 0.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business had revenue of $476.96 million for the quarter, compared to analyst estimates of $496.05 million. On average, equities research analysts forecast that TXNM Energy will post 2.73 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

TXNM has been the topic of a number of recent analyst reports. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and increased their target price for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Citigroup lifted their price objective on TXNM Energy from $45.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Barclays lifted their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Scotiabank lifted their target price on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. Finally, Wells Fargo & Company boosted their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, TXNM Energy currently has an average rating of "Moderate Buy" and a consensus target price of $52.83.

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.