TXNM Energy (NYSE:TXNM) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of TXNM Energy (NYSE:TXNM) in a research note published on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $50.00 price target on the stock.

TXNM Energy Stock Performance

TXNM Energy stock opened at $43.25 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $3.90 billion, a P/E ratio of 15.94, a PEG ratio of 6.31 and a beta of 0.36. The company’s 50 day moving average is $41.73. TXNM Energy has a fifty-two week low of $34.63 and a fifty-two week high of $44.87.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. TXNM Energy had a return on equity of 10.06% and a net margin of 4.50%. The business had revenue of $488.10 million during the quarter, compared to analyst estimates of $506.98 million. On average, analysts forecast that TXNM Energy will post 2.72 earnings per share for the current year.

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, October 28th.

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.