TXNM Energy (NYSE:TXNM) Releases FY25 Earnings Guidance

TXNM Energy (NYSE:TXNM) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.74-2.84 for the period, compared to the consensus earnings per share estimate of $2.80.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their price target on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Mizuho upped their price target on TXNM Energy from $50.00 to $53.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Barclays upped their price target on TXNM Energy from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.43.

TXNM Energy Stock Performance

Shares of NYSE:TXNM opened at $47.77 on Tuesday. The company has a market cap of $4.43 billion, a P/E ratio of 24.88, a PEG ratio of 6.12 and a beta of 0.32. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. TXNM Energy has a one year low of $39.60 and a one year high of $54.90. The business’s 50-day simple moving average is $49.11 and its 200 day simple moving average is $46.43.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting the consensus estimate 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 return on equity of 9.69% and a net margin of 9.26%. On average, sell-side analysts forecast that TXNM Energy will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date 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.