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

TXNM Energy, Inc. (NYSE:TXNM) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $59.30.

A number of equities analysts have recently weighed in on TXNM shares. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th.

Hedge Funds Weigh In On TXNM Energy

Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in shares of TXNM Energy during the 4th quarter worth $27,000. Cape Investment Advisory Inc. acquired a new position in TXNM Energy in the second quarter valued at about $28,000. Huntington National Bank raised its stake in TXNM Energy by 1,307.0% in the second quarter. Huntington National Bank now owns 605 shares of the company’s stock valued at $34,000 after purchasing an additional 562 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in TXNM Energy by 280.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock worth $58,000 after purchasing an additional 756 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in TXNM Energy by 574.0% during the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock worth $73,000 after purchasing an additional 1,102 shares during the period. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Stock Down 0.1%

TXNM opened at $58.91 on Monday. The stock’s fifty day simple moving average is $59.08 and its 200 day simple moving average is $57.98. TXNM Energy has a 1-year low of $47.21 and a 1-year high of $59.52. The stock has a market cap of $6.42 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. 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 (NYSE:TXNM) last issued 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). The company had revenue of $533.23 million during the quarter, compared to the consensus estimate of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, research analysts expect that TXNM Energy will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 27th will be paid a $0.4225 dividend. The ex-dividend date is Monday, April 27th. This represents a $1.69 annualized dividend and a yield of 2.9%. TXNM Energy’s payout ratio is 115.75%.

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. 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.