TXNM Energy, Inc. (NYSE:TXNM) Receives Average Rating of "Hold" from Analysts

Key Points

• TXNM Energy, Inc. has received an average rating of "Hold" from analysts, with five firms recommending hold and three recommending buy.
• The company declared a quarterly dividend of $0.4075 per share, providing a 2.9% yield for investors.
• TXNM Energy reported quarterly earnings of $0.25 EPS, missing expectations, but achieved a revenue of $502.42 million, exceeding analyst estimates.

Shares of TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) have been assigned an average recommendation of "Hold" from the eight ratings firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $55.6667.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of TXNM Energy in a research report on Saturday, September 27th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in TXNM Energy by 15.9% in the second quarter. Parallel Advisors LLC now owns 1,331 shares of the company's stock valued at $75,000 after purchasing an additional 183 shares in the last quarter. Federated Hermes Inc. raised its stake in TXNM Energy by 3.3% during the 2nd quarter. Federated Hermes Inc. now owns 6,314 shares of the company's stock valued at $356,000 after purchasing an additional 199 shares during the period. Securian Asset Management Inc. increased its position in TXNM Energy by 3.5% in the second quarter. Securian Asset Management Inc. now owns 7,056 shares of the company's stock worth $397,000 after purchasing an additional 238 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in TXNM Energy by 4.2% in the second quarter. IFM Investors Pty Ltd now owns 6,630 shares of the company's stock worth $373,000 after acquiring an additional 266 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in TXNM Energy by 6.0% in the first quarter. Baird Financial Group Inc. now owns 5,095 shares of the company's stock worth $272,000 after purchasing an additional 287 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

TXNM Energy Price Performance

Shares of TXNM Energy stock traded up $0.10 on Friday, hitting $56.95. 793,345 shares of the company traded hands, compared to its average volume of 933,860. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51. The business has a 50-day simple moving average of $56.78 and a 200 day simple moving average of $55.47. The stock has a market capitalization of $6.00 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.69 and a beta of 0.06. TXNM Energy has a 52 week low of $42.09 and a 52 week high of $57.42.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.21). TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. The company had revenue of $502.42 million for the quarter, compared to analyst estimates of $493.90 million. The business's quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts expect that TXNM Energy will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 24th. TXNM Energy's payout ratio is currently 84.02%.

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.

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