TXNM Energy Sees Unusually Large Options Volume (NYSE:TXNM)

TXNM Energy, Inc. (NYSE:TXNM) saw some unusual options trading activity on Wednesday. Stock investors purchased 2,500 call options on the company. This is an increase of 16,567% compared to the typical volume of 15 call options.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped 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. Scotiabank boosted their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Citigroup increased their target price on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Barclays boosted their price target on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, TXNM Energy currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

TXNM Energy Price Performance

NYSE TXNM traded up $0.54 during trading on Wednesday, reaching $49.21. 49,842 shares of the company’s stock traded hands, compared to its average volume of 899,279. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 5.75 and a beta of 0.40. The company has a 50 day simple moving average of $48.31. TXNM Energy has a 12-month low of $34.73 and a 12-month high of $50.28.

TXNM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.31%. TXNM Energy’s payout ratio is 84.90%.

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.