TXNM Energy, Inc. Announces Quarterly Dividend of $0.42 (NYSE:TXNM)

Key Points

• TXNM Energy declared a quarterly dividend of $0.4225 per share, payable November 13 to shareholders of record October 23. The dividend implies an annualized payout of approximately $1.69 per share and a 2.9% yield.
• In its latest quarterly results, TXNM Energy reported EPS of $0.58, exceeding analyst expectations of $0.56, while revenue of $548.55 million fell short of the $567 million estimate.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $61.25 target price, compared with the stock’s reported price of $58.73.

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Friday, October 23rd will be given a dividend of 0.4225 per share on Friday, November 13th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 23rd.

TXNM Energy has increased its dividend payment by an average of 0.1%annually over the last three years.

TXNM Energy Price Performance

Shares of TXNM Energy stock traded up $0.10 on Wednesday, hitting $58.73. 111,522 shares of the company traded hands, compared to its average volume of 1,338,125. The company has a market cap of $6.47 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.53 and a beta of 0.17. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.44. TXNM Energy has a 12-month low of $55.64 and a 12-month high of $59.53. The firm's 50-day simple moving average is $57.80 and its 200 day simple moving average is $58.19.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $548.55 million during the quarter, compared to analyst estimates of $567.00 million. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%. Analysts expect that TXNM Energy will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXNM. Weiss Ratings upgraded shares of TXNM Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Wall Street Zen upgraded TXNM Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, TXNM Energy presently has a consensus rating of "Hold" and a consensus target price of $61.25.

TXNM Energy Company Profile

TXNM Energy Inc NYSE: TXNM is an energy holding company that owns regulated electric utilities serving customers in New Mexico and Texas. Its principal operating companies are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

PNM provides electricity generation, transmission and distribution services in New Mexico, while TNMP operates an electric transmission and distribution network in several regions of Texas. The company's operations support residential, commercial and industrial customers and include a mix of conventional and renewable power resources.

TXNM Energy was formerly known as PNM Resources and adopted its current name and ticker symbol in 2025.

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