TXNM Energy, Inc. Declares Quarterly Dividend of $0.42 (NYSE:TXNM)

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.4225 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 3rd.

TXNM Energy has raised its dividend by an average of 0.1%annually over the last three years.

TXNM Energy Stock Performance

TXNM opened at $58.06 on Wednesday. The firm has a market cap of $6.43 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 2.49 and a beta of 0.17. TXNM Energy has a 52-week low of $55.64 and a 52-week high of $59.53. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55. The business’s fifty day moving average is $57.93 and its 200-day moving average is $58.60.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The company had revenue of $504.98 million during the quarter, compared to analyst estimates of $506.24 million. During the same period last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts expect that TXNM Energy will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TXNM shares. Wall Street Zen lowered shares of TXNM Energy from a “hold” rating to a “sell” rating in a report on Sunday, July 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TXNM Energy in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.25.

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.