Stock Traders Buy Large Volume of TXNM Energy Call Options (NYSE:TXNM)

TXNM Energy, Inc. (NYSE:TXNM) saw unusually large options trading on Wednesday. Stock traders bought 2,500 call options on the company. This is an increase of approximately 16,567% compared to the average volume of 15 call options.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TXNM shares. Citigroup boosted their price objective on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Barclays upped their price target on shares of TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Wells Fargo & Company raised their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Scotiabank upped their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

TXNM Energy Stock Up 1.0 %

Shares of TXNM opened at $49.17 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy has a twelve month low of $34.73 and a twelve month high of $50.28. The company has a market cap of $4.44 billion, a PE ratio of 25.61, a P/E/G ratio of 5.75 and a beta of 0.40. The business’s 50 day simple moving average is $48.31.

TXNM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.4075 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.63 dividend on an annualized basis and a yield of 3.31%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.39. TXNM Energy’s dividend payout ratio (DPR) is 84.90%.

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.