TXNM Energy, Inc. (NYSE:TXNM) Receives $53.57 Consensus Target Price from Analysts

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.57.

Several research analysts have commented on the stock. Scotiabank boosted their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target for the company in a report on Tuesday, March 11th. Citigroup upped 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 TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Finally, Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th.

TXNM Energy Price Performance

Shares of NYSE:TXNM traded down $2.72 during trading on Wednesday, reaching $51.28. 1,376,346 shares of the company traded hands, compared to its average volume of 842,072. The firm has a market capitalization of $4.75 billion, a PE ratio of 26.71, a PEG ratio of 6.12 and a beta of 0.32. TXNM Energy has a 52 week low of $39.60 and a 52 week high of $55.50. 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 company's 50 day moving average is $51.09 and its two-hundred day moving average is $47.88.

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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 earnings per share 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 during the quarter, compared to analysts' expectations of $496.05 million. As a group, sell-side analysts predict that TXNM Energy will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.18%. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Institutional Investors Weigh In On TXNM Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Moody National Bank Trust Division bought a new stake in shares of TXNM Energy in the first quarter worth $1,064,000. Versant Capital Management Inc bought a new stake in shares of TXNM Energy in the 1st quarter valued at about $35,000. Wellington Management Group LLP bought a new stake in shares of TXNM Energy in the 4th quarter valued at about $64,046,000. California State Teachers Retirement System acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $3,956,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of TXNM Energy during the fourth quarter worth about $434,000. 91.68% of the stock is 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.