TXNM Energy, Inc. (NYSE:TXNM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TXNM Energy, Inc. (NYSE:TXNM) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.8750.

Several research firms have recently commented on TXNM. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a research report on Monday, December 29th.

Institutional Investors Weigh In On TXNM Energy

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in TXNM Energy during the 4th quarter worth $27,000. Cape Investment Advisory Inc. purchased a new stake in shares of TXNM Energy in the second quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings in shares of TXNM Energy by 280.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after purchasing an additional 756 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of TXNM Energy by 574.0% during the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of TXNM Energy during the fourth quarter valued at about $74,000. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Stock Up 0.3%

NYSE TXNM traded up $0.17 during mid-day trading on Friday, hitting $58.42. The company’s stock had a trading volume of 69,926 shares, compared to its average volume of 1,156,752. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 2.50 and a beta of 0.17. The company’s 50 day simple moving average is $58.94 and its 200 day simple moving average is $58.14. The company has a current ratio of 0.55, a quick ratio of 0.38 and a debt-to-equity ratio of 1.48. TXNM Energy has a twelve month low of $47.69 and a twelve month high of $59.52.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.12). TXNM Energy had a return on equity of 7.54% and a net margin of 7.27%.The business had revenue of $533.23 million for the quarter, compared to analyst estimates of $593.29 million. During the same quarter in the previous year, the company posted $0.30 EPS. Analysts anticipate that TXNM Energy will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 27th will be issued a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, April 27th. TXNM Energy’s dividend payout ratio (DPR) is currently 115.75%.

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.