Scotiabank Has Positive View of TXNM Energy FY2026 Earnings

TXNM Energy, Inc. (NYSE:TXNM) – Equities researchers at Scotiabank raised their FY2026 earnings per share (EPS) estimates for TXNM Energy in a report released on Wednesday, March 19th. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $3.10 per share for the year, up from their prior forecast of $3.04. Scotiabank currently has a “Sector Perform” rating and a $55.00 target price on the stock. The consensus estimate for TXNM Energy’s current full-year earnings is $2.73 per share.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business had revenue of $476.96 million during the quarter, compared to analysts’ expectations of $496.05 million.

A number of other research analysts have also recently commented on TXNM. Mizuho upgraded TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company lifted their price target on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Citigroup upped their price objective on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Barclays upped their price objective on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Finally, Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, TXNM Energy has an average rating of “Moderate Buy” and a consensus price target of $53.57.

TXNM Energy Trading Up 0.5 %

Shares of TXNM stock opened at $54.29 on Monday. The stock has a market cap of $5.03 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 6.12 and a beta of 0.32. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The stock has a 50 day simple moving average of $50.17 and a 200 day simple moving average of $47.28. TXNM Energy has a 1 year low of $39.60 and a 1 year high of $55.50.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.00%. TXNM Energy’s dividend payout ratio (DPR) is presently 61.05%.

Hedge Funds Weigh In On TXNM Energy

Large investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of TXNM Energy during the 4th quarter valued at $8,369,000. Wellington Management Group LLP bought a new position in shares of TXNM Energy during the 4th quarter valued at $64,046,000. California Public Employees Retirement System purchased a new position in TXNM Energy in the 4th quarter worth $19,644,000. Franklin Resources Inc. purchased a new stake in TXNM Energy during the fourth quarter valued at about $79,524,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in TXNM Energy during the fourth quarter valued at about $48,000. 91.68% of the stock is currently owned by institutional investors.

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.