TXNM Energy, Inc. (TXNM) To Go Ex-Dividend on August 3rd

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

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

TXNM Energy Stock Performance

NYSE TXNM opened at $58.33 on Thursday. TXNM Energy has a 1-year low of $55.64 and a 1-year high of $59.53. The company has a market capitalization of $6.46 billion, a P/E ratio of 41.96, a PEG ratio of 2.51 and a beta of 0.17. The business has a 50 day moving average price of $57.91 and a 200 day moving average price of $58.59. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.55 and a quick ratio of 0.36.

TXNM Energy (NYSE:TXNM) last posted its 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). The firm had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Sell-side analysts expect that TXNM Energy will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.