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

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Friday, April 25th will be paid a dividend of 0.4075 per share on Friday, May 16th. This represents a $1.63 dividend on an annualized basis and a yield of 3.13%.

TXNM Energy Stock Performance

Shares of NYSE:TXNM traded down $0.23 during trading on Wednesday, hitting $52.00. The stock had a trading volume of 26,152 shares, compared to its average volume of 854,746. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy has a 12-month low of $35.35 and a 12-month high of $54.90. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 6.12 and a beta of 0.40. The stock has a 50-day simple moving average of $48.69 and a two-hundred day simple moving average of $45.74.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, hitting 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%. On average, equities research analysts expect that TXNM Energy will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on TXNM shares. Scotiabank raised their price objective on TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday. Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Citigroup lifted their price objective on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Barclays raised their target price on TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Finally, Wells Fargo & Company increased 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.83.

TXNM Energy Company Profile

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.