TXNM Energy, Inc. (TXNM)

NYSE: TXNM · Real-Time Price · USD
48.23
+0.30 (0.63%)
Dec 23, 2024, 4:00 PM EST - Market closed
0.63%
Market Cap 4.35B
Revenue (ttm) 1.91B
Net Income (ttm) 176.21M
Shares Out 90.20M
EPS (ttm) 1.97
PE Ratio 24.53
Forward PE 18.07
Dividend $1.55 (3.22%)
Ex-Dividend Date Oct 28, 2024
Volume 548,103
Open 47.78
Previous Close 47.93
Day's Range 47.39 - 48.30
52-Week Range 34.63 - 50.28
Beta 0.40
Analysts Buy
Price Target 52.00 (+7.82%)
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]

Sector Utilities
Founded 1917
Employees 1,635
Stock Exchange NYSE
Ticker Symbol TXNM
Full Company Profile

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 Statements

Analyst 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 7.82% from the latest price.

Price Target
$52.0
(7.82% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

11 days ago - PRNewsWire

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...

14 days ago - PRNewsWire

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...

20 days ago - PRNewsWire

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...

27 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - Seeking Alpha

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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.

Other symbols: ETRNWEPNWSRE
3 months ago - Investopedia

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...

3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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 ...

4 months ago - PRNewsWire

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.

5 months ago - PRNewsWire