TXNM Energy Sees Unusually Large Options Volume (NYSE:TXNM)

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders acquired 2,500 call options on the stock. This represents an increase of 16,567% compared to the average volume of 15 call options.

Analyst Upgrades and Downgrades

TXNM has been the subject of a number of recent analyst reports. Citigroup raised their price objective on TXNM Energy from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Barclays lifted their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Scotiabank increased their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, TXNM Energy has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

TXNM Energy Price Performance

NYSE TXNM traded down $0.76 during trading hours on Friday, reaching $48.90. The company's stock had a trading volume of 773,725 shares, compared to its average volume of 892,982. The company's fifty day simple moving average is $48.32. 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 has a 52 week low of $35.35 and a 52 week high of $50.28. The firm has a market capitalization of $4.41 billion, a PE ratio of 25.47, a P/E/G ratio of 5.91 and a beta of 0.40.

TXNM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.4075 dividend. This is a boost from TXNM Energy's previous quarterly dividend of $0.39. The ex-dividend date is Friday, January 31st. This represents a $1.63 annualized dividend and a dividend yield of 3.33%. TXNM Energy's dividend payout ratio is presently 84.90%.

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.