TXNM Energy (NYSE:TXNM – Free Report) had its price target hoisted by Wells Fargo & Company from $46.00 to $49.00 in a research report released on Wednesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.
Several other brokerages also recently weighed in on TXNM. Jefferies Financial Group assumed coverage on shares of TXNM Energy in a report on Wednesday, October 2nd. They set a “buy” rating and a $50.00 price target on the stock. Scotiabank assumed coverage on shares of TXNM Energy in a report on Thursday, October 10th. They set a “sector perform” rating and a $46.00 price target on the stock. Finally, Barclays lifted their price target on shares of TXNM Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday.
View Our Latest Report on TXNM
TXNM Energy Trading Up 0.7 %
TXNM Energy (NYSE:TXNM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. TXNM Energy had a net margin of 4.50% and a return on equity of 10.15%. The business had revenue of $488.10 million for the quarter, compared to the consensus estimate of $506.98 million. As a group, analysts predict that TXNM Energy will post 2.71 EPS for the current fiscal year.
TXNM Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, October 28th. TXNM Energy’s payout ratio is currently 170.33%.
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.
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