TXNM Energy, Inc. (NYSE:TXNM) Receives $53.57 Consensus Target Price from Analysts

Shares of TXNM Energy, Inc. (NYSE:TXNM) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.57.

Several analysts have recently weighed in on the company. Mizuho raised TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price objective on the stock in a report on Tuesday, March 11th. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Scotiabank lifted their target price on shares of TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research report on Monday, February 24th. Citigroup upped their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Barclays raised their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th.

TXNM Energy Stock Down 5.0 %

TXNM Energy stock opened at $51.28 on Wednesday. The company has a market capitalization of $4.75 billion, a P/E ratio of 26.71, a P/E/G ratio of 6.12 and a beta of 0.32. The firm’s fifty day simple moving average is $51.17 and its 200-day simple moving average is $47.94. TXNM Energy has a 1-year low of $39.60 and a 1-year high of $55.50. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $476.96 million during the quarter, compared to the consensus estimate of $496.05 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. Sell-side analysts forecast that TXNM Energy will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be paid a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.18%. TXNM Energy’s payout ratio is presently 61.05%.

Hedge Funds Weigh In On TXNM Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division acquired a new position in TXNM Energy in the first quarter valued at about $1,064,000. Versant Capital Management Inc acquired a new position in shares of TXNM Energy in the first quarter valued at approximately $35,000. Wellington Management Group LLP bought a new stake in shares of TXNM Energy during the fourth quarter worth $64,046,000. California State Teachers Retirement System acquired a new stake in shares of TXNM Energy during the fourth quarter worth $3,956,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of TXNM Energy during the fourth quarter worth $434,000. Institutional investors own 91.68% of the company’s stock.

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.