TXNM Energy (NYSE:TXNM) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

TXNM Energy (NYSE:TXNM) released its quarterly earnings data on Friday. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.09, FiscalAI reports. The company had revenue of $733.29 million for the quarter, compared to analyst estimates of $749.61 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%.

TXNM Energy Stock Performance

Shares of NYSE TXNM traded down $0.27 during mid-day trading on Friday, reaching $58.38. 967,788 shares of the company were exchanged, compared to its average volume of 1,122,134. The stock has a market capitalization of $6.43 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.53 and a beta of 0.17. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. The company’s 50-day simple moving average is $58.24 and its 200-day simple moving average is $58.40. TXNM Energy has a twelve month low of $55.64 and a twelve month high of $59.53.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 23rd. TXNM Energy’s dividend payout ratio (DPR) is currently 93.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TXNM shares. Weiss Ratings upgraded TXNM Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy”.

TXNM Energy Company Profile

TXNM Energy Inc (NYSE:TXNM) is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.