Brokerages Set TXNM Energy, Inc. (NYSE:TXNM) Target Price at $54.86

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%.

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $54.8571.

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

TXNM Energy Stock Performance

Shares of TXNM traded down $0.15 during trading hours on Tuesday, reaching $56.54. 518,997 shares of the company's stock traded hands, compared to its average volume of 1,282,568. TXNM Energy has a twelve month low of $39.70 and a twelve month high of $57.42. The business's fifty day simple moving average is $56.63 and its two-hundred day simple moving average is $53.56. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.19. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.70 and a beta of 0.10.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.25 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. TXNM Energy's revenue for the quarter was up 2.9% on a year-over-year basis. Analysts predict that TXNM Energy will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy's dividend payout ratio is 84.02%.

Institutional Trading of TXNM Energy

Institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. bought a new stake in TXNM Energy in the fourth quarter worth $303,744,000. FMR LLC bought a new position in shares of TXNM Energy during the 4th quarter worth about $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new position in TXNM Energy in the 4th quarter valued at approximately $189,170,000. Zimmer Partners LP acquired a new position in shares of TXNM Energy in the fourth quarter valued at $165,816,000. Finally, Reaves W H & Co. Inc. bought a new position in shares of TXNM Energy during the 1st quarter worth about $161,678,000. Institutional investors and hedge funds own 91.68% of the company's stock.

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.