TXNM Energy, Inc. (TXNM)
Market Cap | 4.39B |
Revenue (ttm) | 1.91B |
Net Income (ttm) | 176.21M |
Shares Out | 90.20M |
EPS (ttm) | 1.97 |
PE Ratio | 24.75 |
Forward PE | 18.24 |
Dividend | $1.55 (3.19%) |
Ex-Dividend Date | Oct 28, 2024 |
Volume | 372,209 |
Open | 48.70 |
Previous Close | 48.81 |
Day's Range | 48.50 - 48.91 |
52-Week Range | 34.63 - 50.28 |
Beta | 0.40 |
Analysts | Buy |
Price Target | 52.00 (+6.82%) |
Earnings Date | Feb 4, 2025 |
About TXNM
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, ... [Read more]
Financial Performance
In 2023, TXNM Energy's revenue was $1.94 billion, a decrease of -13.80% compared to the previous year's $2.25 billion. Earnings were $87.82 million, a decrease of -48.20%.
Financial numbers in USD Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for TXNM stock is "Buy." The 12-month stock price forecast is $52.0, which is an increase of 6.82% from the latest price.
News
TNMP files Unopposed Settlement in System Resiliency Plan
ALBUQUERQUE, N.M. , Dec. 12, 2024 /PRNewswire/ -- TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed an unopposed settlement yesterday in its application with the Public Utility Commis...
TXNM Energy to Meet with Investors
2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., Dec. 9, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE: TXNM) management will meet with analysts and investors this week...
TXNM Energy Increases Common Dividend
TXNM Energy and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors of TXNM Energy (NYSE: TXNM) today voted to incre...
PNM and parties file Unopposed Stipulation in 2025 Rate Request
ALBUQUERQUE, N.M. , Nov. 26, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and parties in its 2025 Rate Request application filed an unopposed comprehensive stipulat...
PNM files application for new resources in 2028
ALBUQUERQUE, N.M., Nov. 25, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed an application with the New Mexico Public Regulation Commission (NMPRC) for new energ...
TNMP reaches Settlement in Principle in System Resiliency Plan
ALBUQUERQUE, N.M., Nov. 19, 2024 /PRNewswire/ -- TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed an unopposed joint motion yesterday to abate the procedural schedule in its System R...
PNM reaches Settlement in Principle in 2025 Rate Request
ALBUQUERQUE, N.M., Nov. 15, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating se...
PNM announces plan to join CAISO EDAM regional energy market
ALBUQUERQUE, N.M. , Nov. 11, 2024 /PRNewswire/ -- In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary...
TXNM Energy, Inc. (TXNM) Q3 2024 Earnings Call Transcript
TXNM Energy, Inc. (NYSE:TXNM) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Lisa Goodman – Investor Relations Pat Vincent-Collawn – Chairman and Chief Executive O...
TXNM Energy Reports Third Quarter 2024 Results
2024 Ongoing Earnings Guidance Narrowed 2024 third quarter GAAP earnings of $1.45 per diluted share 2024 third quarter ongoing earnings of $1.43 per diluted share Narrowed 2024 ongoing earnings guidan...
NMPRC approves PNM Grid Modernization Plan
ALBUQUERQUE, N.M., Oct. 17, 2024 /PRNewswire/ -- The New Mexico Public Regulation Commission (NMPRC) approved an application by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of...
TNMP Receives Approval for Incremental Rate Base Recovery Applications
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. (NYSE: TXNM) received approval from the Public Utility Commission of Texas (PUCT) for its r...
TXNM Energy to Announce 2024 Third Quarter Earnings on November 1
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TXNM Energy, Inc. will announce third quarter 2024 financial results prior to the market opening on Friday, November 1, 2024.
Bank of America Says These 5 Stocks Could Benefit from Rising Power Demand
Bank of America is predicting a big jump in electrical demand—with some power companies better-positioned to capitalize than others.
TXNM Energy Board Declares Quarterly Common Stock Dividend
ALBUQUERQUE, N.M. , Sept. 24, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of TXNM Energy, Inc. (NYSE: TXNM) declared the regular quarterly dividend of $0.3875 per sh...
Public Service Company of New Mexico Declares Preferred Dividend
ALBUQUERQUE, N.M. , Sept. 11, 2024 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of ...
TNMP Files 2025 - 2027 System Resiliency Plan
ALBUQUERQUE, N.M., Aug. 29, 2024 /PRNewswire/ -- TNMP, the Texas subsidiary of TXNM Energy, Inc. (NYSE: TXNM), filed its first System Resiliency Plan (SRP) with the Public Utility Commission of Texas ...
TXNM Energy (NYSE: TXNM) Completes Name Change from PNM Resources
ALBUQUERQUE, N.M., Aug. 5, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE: TXNM) has completed its holding company name change, effective as of 5:00pm ET on August 2, 2024.