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

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders 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 3.13%.

TXNM Energy Trading Down 0.4 %

TXNM traded down $0.23 on Wednesday, hitting $52.00. The company had a trading volume of 26,152 shares, compared to its average volume of 854,746. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The firm has a market cap of $4.69 billion, a P/E ratio of 27.11, a PEG ratio of 6.12 and a beta of 0.40. The company’s fifty day moving average price is $48.69 and its 200 day moving average price is $45.74. TXNM Energy has a 1 year low of $35.35 and a 1 year high of $54.90.

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

Analyst Ratings Changes

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