TXNM Energy, Inc. (NYSE:TXNM) Plans $0.41 Quarterly Dividend

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Friday, April 25th will be given a dividend of 0.4075 per share on Friday, May 16th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.12%.

TXNM Energy Price Performance

NYSE TXNM traded down $0.12 during trading hours on Tuesday, hitting $52.19. The company had a trading volume of 989,380 shares, compared to its average volume of 878,169. 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 firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 6.12 and a beta of 0.40. TXNM Energy has a 52 week low of $35.35 and a 52 week high of $54.90. The firm has a 50 day simple moving average of $48.69 and a 200 day simple moving average of $45.74.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, February 21st. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $476.96 million during the quarter, compared to analyst estimates of $496.05 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. Equities research analysts expect that TXNM Energy will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TXNM has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on TXNM Energy from $52.00 to $55.00 and gave the stock a “sector perform” rating in a research report on Monday. Citigroup raised their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Barclays lifted their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.83.

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.