TXNM Energy (NYSE:TXNM) Given New $52.00 Price Target at Barclays

TXNM Energy (NYSE:TXNM) had its price target raised by Barclays from $46.00 to $52.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on TXNM. Scotiabank assumed coverage on shares of TXNM Energy in a research note on Thursday, October 10th. They issued a “sector perform” rating and a $46.00 price target on the stock. Wells Fargo & Company boosted their target price on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group initiated coverage on TXNM Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $50.00 price target for the company.

TXNM Energy Trading Down 0.3 %

TXNM Energy stock opened at $49.04 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The stock’s 50-day moving average price is $44.81. TXNM Energy has a 12-month low of $34.63 and a 12-month high of $49.70. The firm has a market capitalization of $4.42 billion, a PE ratio of 25.54, a P/E/G ratio of 7.12 and a beta of 0.36.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business had revenue of $569.30 million during the quarter, compared to the consensus estimate of $588.88 million. During the same quarter last year, the firm earned $1.54 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts forecast that TXNM Energy will post 2.72 EPS for the current year.

TXNM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, October 28th. TXNM Energy’s payout ratio is currently 80.73%.

About TXNM Energy

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.