TXNM Energy (TXNM) Expected to Announce Earnings on Friday

TXNM Energy (NYSE:TXNM - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $0.30 per share and revenue of $496.05 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

TXNM Energy Trading Up 0.4 %

TXNM traded up $0.19 during trading hours on Monday, hitting $50.21. The company's stock had a trading volume of 491,916 shares, compared to its average volume of 892,982. TXNM Energy has a fifty-two week low of $35.35 and a fifty-two week high of $51.16. 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 stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 5.91 and a beta of 0.40. The business's 50-day moving average is $48.36.

TXNM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.4075 dividend. This is a boost from TXNM Energy's previous quarterly dividend of $0.39. This represents a $1.63 annualized dividend and a yield of 3.25%. The ex-dividend date was Friday, January 31st. TXNM Energy's dividend payout ratio (DPR) is currently 84.90%.

Wall Street Analyst Weigh In

TXNM has been the subject of a number of research reports. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and increased their price target for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Scotiabank increased their price target on TXNM Energy from $46.00 to $52.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Barclays increased their price target on TXNM Energy from $46.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Wells Fargo & Company increased their price target on TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Finally, Citigroup increased their price target on TXNM Energy from $45.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.33.

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.