TXNM Energy (NYSE:TXNM) Price Target Raised to $52.00

TXNM Energy (NYSE:TXNM) had its price target hoisted by Barclays from $46.00 to $52.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently weighed in on TXNM. Jefferies Financial Group initiated coverage on TXNM Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $50.00 target price on the stock. Scotiabank started coverage on TXNM Energy in a report on Thursday, October 10th. They issued a “sector perform” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th.

TXNM Energy Stock Down 0.3 %

NYSE:TXNM opened at $49.05 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. TXNM Energy has a 52 week low of $34.63 and a 52 week high of $49.70. The company’s 50-day simple moving average is $44.81. The firm has a market cap of $4.42 billion, a PE ratio of 25.55, a PEG ratio of 7.10 and a beta of 0.36.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, November 1st. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $569.30 million for the quarter, compared to analyst estimates of $588.88 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. TXNM Energy’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. Sell-side analysts expect that TXNM Energy will post 2.72 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, October 28th. TXNM Energy’s dividend payout ratio (DPR) is presently 80.73%.

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.