TXNM Energy (NYSE:TXNM) Sets New 12-Month High - Still a Buy?

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $46.63 and last traded at $46.63, with a volume of 18780 shares. The stock had previously closed at $46.30.

Wall Street Analyst Weigh In

TXNM has been the subject of several recent research reports. Scotiabank initiated coverage on shares of TXNM Energy in a research report on Thursday, October 10th. They issued a "sector perform" rating and a $46.00 price target for the company. Jefferies Financial Group started coverage on shares of TXNM Energy in a report on Wednesday, October 2nd. They issued a "buy" rating and a $50.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of TXNM Energy from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Finally, Barclays lifted their price objective on shares of TXNM Energy from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th.

TXNM Energy Stock Up 2.2 %

The company has a market capitalization of $4.27 billion, a PE ratio of 24.44, a PEG ratio of 6.71 and a beta of 0.36. The business has a fifty day moving average price of $43.55. 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 announced its quarterly earnings results on Friday, November 1st. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company had revenue of $569.30 million for the quarter, compared to the consensus estimate of $588.88 million. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts predict that TXNM Energy, Inc. will post 2.72 EPS for the current year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Monday, October 28th. TXNM Energy's dividend payout ratio (DPR) is 80.73%.

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.