TXNM Energy (NYSE:TXNM) Hits New 12-Month High – Should You Buy?

TXNM Energy, Inc. (NYSE:TXNM) shares hit a new 52-week high during trading on Monday . The company traded as high as $49.25 and last traded at $49.21, with a volume of 2255 shares trading hands. The stock had previously closed at $48.79.

Analyst Upgrades and Downgrades

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

TXNM Energy Stock Up 1.1 %

The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $4.45 billion, a P/E ratio of 25.41, a P/E/G ratio of 7.08 and a beta of 0.36. The business has a 50-day moving average of $44.21.

TXNM Energy (NYSE:TXNM) last posted its earnings results on Friday, November 1st. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $569.30 million during the quarter, compared to the consensus estimate of $588.88 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. As a group, equities research analysts forecast that TXNM Energy, Inc. will post 2.72 earnings per share for the current year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, October 28th. TXNM Energy’s payout ratio is 80.73%.

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.