TXNM Energy, Inc. (NYSE:TXNM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TXNM Energy, Inc. (NYSE:TXNM) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $52.00.

A number of analysts have recently issued reports on TXNM shares. Barclays raised their price target on shares of TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Citigroup increased their target price on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Scotiabank upped their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $51.00 to $54.00 in a research report on Tuesday. Finally, Wells Fargo & Company upped their price target on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th.

TXNM Energy Stock Performance

NYSE TXNM opened at $48.89 on Tuesday. TXNM Energy has a one year low of $35.35 and a one year high of $50.28. The stock has a 50-day simple moving average of $48.32. The company has a market cap of $4.41 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 5.91 and a beta of 0.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27.

TXNM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.63 annualized dividend and a yield of 3.33%. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. TXNM Energy’s dividend payout ratio (DPR) is 84.90%.

Hedge Funds Weigh In On TXNM Energy

An institutional investor recently bought a new position in TXNM Energy stock. Xponance Inc. purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,711 shares of the company’s stock, valued at approximately $625,000. 91.68% of the stock is currently owned by institutional investors.

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.