TXNM Energy, Inc. (NYSE:TXNM) Plans Quarterly Dividend of $0.41

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.4075 per share on Friday, February 14th. This represents a $1.63 annualized dividend and a yield of 3.30%. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39.

TXNM Energy Price Performance

NYSE:TXNM opened at $49.44 on Wednesday. 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 firm has a market cap of $4.46 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 6.05 and a beta of 0.40. The company has a 50-day moving average price of $45.05. TXNM Energy has a 1-year low of $34.63 and a 1-year high of $49.76.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, November 1st. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $569.30 million for the quarter, compared to the consensus estimate of $588.88 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. As a group, equities analysts anticipate that TXNM Energy will post 2.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TXNM shares. Jefferies Financial Group started coverage on shares of TXNM Energy in a research note on Wednesday, October 2nd. They set a “buy” rating and a $50.00 target price on the stock. Scotiabank started 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 objective on the stock. Wells Fargo & Company increased their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Barclays upped their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, November 29th.

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.