Scotiabank Issues Positive Outlook for TXNM Energy Earnings

TXNM Energy, Inc. (NYSE:TXNM) – Scotiabank raised their FY2026 earnings estimates for TXNM Energy in a report released on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the company will earn $3.10 per share for the year, up from their previous estimate 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.

Other research analysts also recently issued research reports about the company. Citigroup upped their target price on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Mizuho upgraded TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Tuesday, March 11th. Barclays upped their target price 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. Wells Fargo & Company raised their target price on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Finally, Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TXNM Energy has a consensus rating of “Moderate Buy” and a consensus target price of $53.57.

TXNM Energy Trading Up 0.5 %

Shares of TXNM opened at $54.29 on Monday. 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. The firm’s 50-day moving average price is $50.17 and its 200-day moving average price is $47.28. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 6.12 and a beta of 0.32.

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

Institutional Trading of TXNM Energy

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new stake in shares of TXNM Energy during the 4th quarter worth approximately $64,046,000. California State Teachers Retirement System bought a new position in shares of TXNM Energy during the 4th quarter worth $3,956,000. Wealth Enhancement Advisory Services LLC bought a new position in TXNM Energy in the fourth quarter worth approximately $434,000. Mackenzie Financial Corp purchased a new position in shares of TXNM Energy in the 4th quarter valued at $300,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of TXNM Energy in the 4th quarter worth $3,857,000. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.4075 per share. The ex-dividend date 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 is currently 61.05%.

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.