TXNM Energy (TXNM) Expected to Announce Earnings on Friday

TXNM Energy (NYSE:TXNM) is projected to announce its earnings results before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $0.30 per share and revenue of $496.05 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

TXNM Energy Stock Up 1.0 %

Shares of NYSE TXNM opened at $50.92 on Thursday. TXNM Energy has a 52 week low of $35.35 and a 52 week high of $51.16. The stock’s fifty day moving average is $48.47 and its 200 day moving average is $45.48. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock has a market capitalization of $4.59 billion, a P/E ratio of 26.52, a PEG ratio of 5.97 and a beta of 0.40.

TXNM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.4075 dividend. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. This represents a $1.63 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, January 31st. TXNM Energy’s dividend payout ratio (DPR) is currently 84.90%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Barclays boosted their price target on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Scotiabank boosted their target price on TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Citigroup boosted their target price on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.33.

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.