TXNM Energy, Inc. (NYSE:TXNM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• TXNM Energy, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average one-year price target of $54.86.
• The company's quarterly earnings revealed an EPS of $0.25, which missed analysts' expectations by ($0.21), despite a 2.9% increase in revenue compared to last year.
• TXNM Energy announced a quarterly dividend of $0.4075 per share, representing a 2.9% yield with a payout ratio of 84.02%.

Shares of TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) have been given an average rating of "Moderate Buy" by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $54.8571.

A number of research analysts have commented on TXNM shares. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Scotiabank raised their price target on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. Finally, Barclays restated an "overweight" rating and set a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st.

TXNM Energy Trading Up 0.7%

TXNM opened at $57.08 on Tuesday. TXNM Energy has a one year low of $39.60 and a one year high of $57.42. The stock has a market capitalization of $6.01 billion, a PE ratio of 29.42, a P/E/G ratio of 2.68 and a beta of 0.10. The business's 50 day moving average price is $56.60 and its 200 day moving average price is $53.39. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.21). TXNM Energy had a net margin of 8.75% and a return on equity of 7.82%. The business had revenue of $502.42 million during the quarter, compared to analyst estimates of $493.90 million. The company's revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts expect that TXNM Energy will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, August 8th. TXNM Energy's dividend payout ratio (DPR) is presently 84.02%.

Institutional Trading of TXNM Energy

Several hedge funds have recently modified their holdings of the stock. Strs Ohio raised its stake in shares of TXNM Energy by 15.5% in the second quarter. Strs Ohio now owns 25,400 shares of the company's stock valued at $1,431,000 after acquiring an additional 3,400 shares in the last quarter. Amalgamated Bank raised its stake in shares of TXNM Energy by 1.9% in the second quarter. Amalgamated Bank now owns 40,655 shares of the company's stock valued at $2,290,000 after acquiring an additional 739 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of TXNM Energy by 1.4% in the second quarter. Retirement Systems of Alabama now owns 247,751 shares of the company's stock valued at $13,953,000 after acquiring an additional 3,466 shares in the last quarter. Jennison Associates LLC raised its stake in shares of TXNM Energy by 234.1% in the second quarter. Jennison Associates LLC now owns 40,253 shares of the company's stock valued at $2,267,000 after acquiring an additional 28,204 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in shares of TXNM Energy in the second quarter valued at $8,089,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

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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