TXNM Energy (NYSE:TXNM) Hits New 1-Year High – Should You Buy?

TXNM Energy, Inc. (NYSE:TXNM) shares reached a new 52-week high on Monday . The stock traded as high as $46.63 and last traded at $46.63, with a volume of 18780 shares trading hands. The stock had previously closed at $46.30.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXNM. Barclays upped their target price on shares of TXNM Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of TXNM Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $50.00 price target for the company. Wells Fargo & Company boosted their target price on TXNM Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Scotiabank assumed coverage on TXNM Energy in a report on Thursday, October 10th. They issued a “sector perform” rating and a $46.00 price objective for the company.

TXNM Energy Stock Up 1.3 %

The firm has a market capitalization of $4.23 billion, a PE ratio of 24.11, a P/E/G ratio of 6.71 and a beta of 0.36. The firm’s 50 day simple moving average is $43.55. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, November 1st. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $569.30 million during the quarter, compared to analyst estimates of $588.88 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. TXNM Energy’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS. Equities research analysts anticipate that TXNM Energy, Inc. will post 2.72 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 3.30%. The ex-dividend date was Monday, October 28th. TXNM Energy’s dividend payout ratio is 80.73%.

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.