TXNM Energy (NYSE:TXNM) Releases Earnings Results, Beats Expectations By $0.09 EPS

TXNM Energy (NYSE:TXNM) announced its quarterly earnings results on Friday. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.53 by $0.09, FiscalAI reports. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. The firm had revenue of $733.29 million for the quarter, compared to analyst estimates of $749.61 million.

TXNM Energy Trading Down 0.5%

Shares of NYSE TXNM traded down $0.26 during midday trading on Friday, hitting $58.39. The stock had a trading volume of 609,132 shares, compared to its average volume of 1,336,180. The firm has a market cap of $6.43 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.53 and a beta of 0.17. TXNM Energy has a fifty-two week low of $55.64 and a fifty-two week high of $59.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.39. The company’s 50-day simple moving average is $58.22 and its 200 day simple moving average is $58.40.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.4225 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is presently 93.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TXNM shares. Weiss Ratings raised shares of TXNM Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, TXNM Energy currently has an average rating of “Buy”.

TXNM Energy Company Profile

TXNM Energy Inc (NYSE:TXNM) is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.