TXNM Energy (NYSE:TXNM) Posts Quarterly Earnings Results, Meets Expectations

TXNM Energy (NYSE:TXNM) issued its quarterly earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 Performance

NYSE:TXNM opened at $53.09 on Friday. The stock’s 50-day simple moving average is $48.53 and its 200 day simple moving average is $45.52. The firm has a market capitalization of $4.79 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 6.12 and a beta of 0.40. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy has a twelve month low of $35.35 and a twelve month high of $54.90.

TXNM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.4075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. This represents a $1.63 annualized dividend and a yield of 3.07%. TXNM Energy’s dividend payout ratio (DPR) is 84.90%.

Analyst Ratings Changes

TXNM has been the topic of a number of recent analyst reports. Barclays raised their price target on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Citigroup raised their price target on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company raised their price target on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, Scotiabank raised their price target on TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.