FY2026 EPS Estimates for TXNM Energy Lifted by Scotiabank

TXNM Energy, Inc. (NYSE:TXNM) – Equities researchers at Scotiabank raised their FY2026 EPS estimates for TXNM Energy in a research note issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $3.10 per share for the year, up from their prior estimate of $3.04. Scotiabank currently has a “Sector Perform” rating and a $55.00 target price on the stock. The consensus estimate for TXNM Energy’s current full-year earnings is $2.73 per share.

TXNM has been the subject of several other reports. Barclays increased their price objective on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Mizuho upgraded TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target for the company in a report on Tuesday, March 11th. Wells Fargo & Company boosted their price objective on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Finally, Citigroup lifted their target price on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.57.

TXNM Energy Stock Down 0.7 %

TXNM Energy stock opened at $53.97 on Monday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 6.12 and a beta of 0.32. TXNM Energy has a 52-week low of $39.60 and a 52-week high of $55.50. 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 50 day moving average price of $50.30 and a two-hundred day moving average price of $47.37.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $476.96 million for the quarter, compared to the consensus estimate of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXNM. Bessemer Group Inc. bought a new stake in TXNM Energy during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy in the 4th quarter worth about $38,000. LRI Investments LLC bought a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $40,000. Nomura Asset Management Co. Ltd. bought a new stake in TXNM Energy during the 4th quarter valued at $48,000. Finally, NewEdge Advisors LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at $53,000. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy’s payout ratio is 61.05%.

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.