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

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Monday, April 27th will be given a dividend of 0.4225 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, April 27th.

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

TXNM Energy Trading Down 0.2%

Shares of TXNM traded down $0.11 during midday trading on Friday, hitting $59.04. The stock had a trading volume of 280,171 shares, compared to its average volume of 1,003,798. The stock’s 50 day moving average is $59.07 and its 200 day moving average is $57.87. The firm has a market cap of $6.43 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.54 and a beta of 0.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.51 and a quick ratio of 0.36. TXNM Energy has a 1 year low of $47.21 and a 1 year high of $59.52.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.12). TXNM Energy had a net margin of 8.67% and a return on equity of 7.20%. The firm had revenue of $533.23 million for the quarter, compared to the consensus estimate of $593.29 million. As a group, analysts forecast that TXNM Energy will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.30.

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. 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.