TXNM Energy, Inc. (TXNM) to Issue Quarterly Dividend of $0.39 on November 8th

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Stockholders of record on Monday, October 28th will be paid a dividend of 0.3875 per share on Friday, November 8th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, October 28th.

TXNM Energy Trading Down 1.3 %

Shares of NYSE TXNM opened at $44.16 on Friday. The company has a fifty day moving average price of $42.53. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 48.53, a price-to-earnings-growth ratio of 6.32 and a beta of 0.36. TXNM Energy has a one year low of $34.63 and a one year high of $45.06.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $488.10 million during the quarter, compared to analyst estimates of $506.98 million. TXNM Energy had a return on equity of 10.15% and a net margin of 4.50%. On average, research analysts anticipate that TXNM Energy will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company upped their target price on TXNM Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Scotiabank assumed coverage on TXNM Energy in a research note on Thursday, October 10th. They issued a “sector perform” rating and a $46.00 target price for the company. Barclays increased their price objective on TXNM Energy from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on TXNM Energy in a research note on Wednesday, October 2nd. They set a “buy” rating and a $50.00 price objective for the company.

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.