TXNM Energy (NYSE:TXNM) Receives New Coverage from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of TXNM Energy (NYSE:TXNM) in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $50.00 price target on the stock.

TXNM Energy Trading Down 0.1 %

Shares of NYSE TXNM opened at $44.05 on Wednesday. TXNM Energy has a 12-month low of $34.63 and a 12-month high of $44.87. The company has a market cap of $3.97 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 6.31 and a beta of 0.36. 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 business has a 50 day moving average of $41.65.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share (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 company had revenue of $488.10 million during the quarter, compared to the consensus estimate of $506.98 million. As a group, equities analysts forecast that TXNM Energy will post 2.72 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders 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 dividend yield of 3.52%.

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.