TXNM Energy (NYSE:TXNM) Reaches New 1-Year High – Still a Buy?

TXNM Energy, Inc. (NYSE:TXNM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.88 and last traded at $44.82, with a volume of 6476 shares changing hands. The stock had previously closed at $44.61.

Analysts Set New Price Targets

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

TXNM Energy Stock Up 0.0 %

The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 1.88. The firm has a market cap of $4.03 billion, a P/E ratio of 49.02, a PEG ratio of 6.34 and a beta of 0.36. The business’s 50 day moving average price is $42.38.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $488.10 million during the quarter, compared to analyst estimates of $506.98 million. TXNM Energy had a net margin of 4.50% and a return on equity of 10.15%. Equities analysts expect that TXNM Energy, Inc. 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 paid a dividend of $0.3875 per share. The ex-dividend date is Monday, October 28th. This represents a $1.55 annualized dividend and a dividend yield of 3.47%. TXNM Energy’s payout ratio is currently 170.33%.

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.