TXNM Energy (NYSE:TXNM) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

TXNM Energy (NYSE:TXNM) posted its earnings results on Friday. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.09, FiscalAI reports. The firm had revenue of $733.29 million during the quarter, compared to analysts’ expectations of $749.61 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%.

TXNM Energy Stock Down 0.5%

NYSE TXNM opened at $58.38 on Friday. TXNM Energy has a 12 month low of $55.64 and a 12 month high of $59.53. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.44. The stock has a market cap of $6.43 billion, a PE ratio of 27.93, a P/E/G ratio of 2.52 and a beta of 0.17. The stock’s 50 day moving average is $58.24 and its 200 day moving average is $58.40.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.4225 per share. The ex-dividend date is Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is presently 93.37%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings raised TXNM Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, TXNM Energy has a consensus rating of “Buy”.

About TXNM Energy

TXNM Energy Inc (NYSE:TXNM) is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.