TXNM Energy, Inc. (TXNM) to Distribute Quarterly Dividend of $0.42 on August 14th

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Monday, August 3rd will be given a dividend of 0.4225 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, August 3rd.

TXNM Energy has increased its dividend payment by an average of 0.1%per year over the last three years.

TXNM Energy Trading Down 0.1%

NYSE:TXNM opened at $57.93 on Friday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 2.50 and a beta of 0.17. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.46. TXNM Energy has a 12 month low of $55.64 and a 12 month high of $59.53. The company’s 50 day moving average is $57.73 and its 200-day moving average is $58.55.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $548.55 million for the quarter, compared to analyst estimates of $567.00 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. Equities analysts anticipate that TXNM Energy will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

TXNM has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of TXNM Energy in a research report on Friday, May 29th. Wall Street Zen cut TXNM Energy from a “hold” rating to a “sell” rating in a report on Sunday, July 5th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.25.

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. 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.