TXNM Energy, Inc. (NYSE:TXNM) Receives $53.43 Average PT from Analysts

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $53.43.

A number of brokerages have commented on TXNM. Citigroup increased their price objective on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Barclays upped their price objective on TXNM Energy from $49.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. 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 note on Monday, February 24th. Finally, Evercore ISI raised 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 note on Tuesday, February 11th.

TXNM Energy Price Performance

Shares of TXNM traded down $1.27 on Friday, hitting $47.71. The company's stock had a trading volume of 1,517,943 shares, compared to its average volume of 888,958. The company has a market capitalization of $4.42 billion, a PE ratio of 24.85, a PEG ratio of 6.12 and a beta of 0.32. TXNM Energy has a fifty-two week low of $35.35 and a fifty-two week high of $54.90. The company has a 50 day moving average price of $49.14 and a 200 day moving average price of $46.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27.

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

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be paid a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.42%. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Hedge Funds Weigh In On TXNM Energy

Several hedge funds have recently added to or reduced their stakes in TXNM. Bessemer Group Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd acquired a new position in TXNM Energy during the fourth quarter valued at approximately $38,000. LRI Investments LLC bought a new stake in TXNM Energy in the fourth quarter valued at approximately $40,000. Nomura Asset Management Co. Ltd. acquired a new stake in TXNM Energy in the fourth quarter worth $48,000. Finally, NewEdge Advisors LLC acquired a new stake in TXNM Energy in the fourth quarter worth $53,000. Institutional investors and hedge funds own 91.68% of the company's stock.

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.