TXNM Energy, Inc. (TXNM)

NYSE: TXNM · Real-Time Price · USD
47.20
+0.39 (0.83%)
Jan 24, 2025, 3:19 PM EST - Market open
0.83%
Market Cap 4.26B
Revenue (ttm) 1.91B
Net Income (ttm) 176.21M
Shares Out 90.20M
EPS (ttm) 1.97
PE Ratio 23.91
Forward PE 17.21
Dividend $1.55 (3.30%)
Ex-Dividend Date Oct 28, 2024
Volume 410,229
Open 46.83
Previous Close 46.81
Day's Range 46.83 - 47.58
52-Week Range 34.63 - 50.28
Beta 0.40
Analysts Buy
Price Target 52.00 (+10.17%)
Earnings Date Feb 21, 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 10.17% from the latest price.

Price Target
$52.0
(10.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

6 Upcoming Dividend Increases

This week's anticipated dividend increases feature six companies, averaging a 4.4% rise, with a median increase of 3.4%. My strategy involves investing in companies with consistent dividend growth and...

17 hours ago - Seeking Alpha

TXNM Energy to Announce 2024 Earnings and 2025 Guidance on February 21

ALBUQUERQUE, N.M. , Jan. 21, 2025 /PRNewswire/ -- TXNM Energy, Inc. will announce 2024 financial results and introduce 2025 ongoing earnings guidance prior to the market opening on Friday, February 21...

3 days ago - PRNewsWire

TXNM Energy to Meet with Investors

2024 ongoing earnings guidance to be affirmed during meetings  ALBUQUERQUE, N.M., Jan. 8, 2025 /PRNewswire/ -- TXNM Energy, Inc. (NYSE: TXNM) management will meet with analysts and investors this week...

16 days ago - PRNewsWire

PNM issues all-source RFP for new resources in 2029-2032

ALBUQUERQUE, N.M. , Dec. 31, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), has issued a Request for Proposals (RFP) for at least 900 megawatts of new energy resource...

24 days ago - PRNewsWire

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...

6 weeks 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...

7 weeks 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

3 months 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...

3 months 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...

3 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...

4 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.

4 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
4 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...

4 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 ...

4 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 ...

5 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.

6 months ago - PRNewsWire