TXNM Energy (NYSE:TXNM) Issues Earnings Results, Meets Expectations

TXNM Energy (NYSE:TXNM) announced its quarterly earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30, Zacks reports. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. TXNM Energy updated its FY 2025 guidance to 2.740-2.840 EPS.

TXNM Energy Stock Up 2.9 %

TXNM traded up $1.49 during trading on Friday, hitting $52.92. The company had a trading volume of 991,409 shares, compared to its average volume of 839,959. TXNM Energy has a 1-year low of $35.35 and a 1-year high of $54.90. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The company has a market cap of $4.77 billion, a PE ratio of 27.72, a P/E/G ratio of 6.07 and a beta of 0.40. The business has a 50-day moving average of $48.53 and a 200-day moving average of $45.52.

TXNM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.4075 per share. The ex-dividend date was Friday, January 31st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.39. TXNM Energy’s dividend payout ratio (DPR) is presently 84.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Barclays increased their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Scotiabank boosted their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Citigroup upped their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TXNM Energy currently has an average rating of “Moderate Buy” and an average price target of $52.33.

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.