TXNM Energy (NYSE:TXNM) Reaches New 1-Year High at $44.99

Shares of TXNM Energy, Inc. (NYSE:TXNM) reached a new 52-week high on Wednesday . The company traded as high as $44.99 and last traded at $44.99, with a volume of 100 shares changing hands. The stock had previously closed at $44.10.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group assumed coverage on TXNM Energy in a report on Wednesday. They set a “buy” rating and a $50.00 price target for the company.

TXNM Energy Price Performance

The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 1.88. The company’s fifty day moving average price is $41.59. The stock has a market cap of $3.99 billion, a P/E ratio of 15.82, a PEG ratio of 6.26 and a beta of 0.36.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. TXNM Energy had a net margin of 4.50% and a return on equity of 10.06%. The firm had revenue of $488.10 million during the quarter, compared to analyst estimates of $506.98 million. On average, analysts forecast that TXNM Energy, Inc. will post 2.72 EPS for the current year.

TXNM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, October 28th will be issued a dividend of $0.3875 per share. The ex-dividend date is Monday, October 28th. This represents a $1.55 dividend on an annualized basis and a yield of 3.51%.

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.