Scotiabank initiated coverage on TXNM Energy with a new price target
$TXNM
Electric Utilities: Central
Utilities
Scotiabank initiated coverage of TXNM Energy with a rating of Sector Perform and set a new price target of $46.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/27/2025 | $61.25 | Buy → Hold | Jefferies |
| 10/9/2025 | $61.25 | Neutral | Citigroup |
| 3/11/2025 | $53.00 | Neutral → Outperform | Mizuho |
| 2/11/2025 | $51.00 → $54.00 | In-line → Outperform | Evercore ISI |
| 10/10/2024 | $46.00 | Sector Perform | Scotiabank |
| 10/2/2024 | $50.00 | Buy | Jefferies |
ALBUQUERQUE, N.M., Nov. 17, 2025 /PRNewswire/ -- TNMP, the wholly-owned subsidiary of TXNM Energy (NYSE:TXNM) in Texas, filed its anticipated base rate review on Friday. The filing reflects significant growth of TNMP's system over the last 7 years since the previous base rate filing. TNMP requests recovery of $2.8 billion of rate base as of June 30, 2025, a requested return on equity of 10.4% and a 47.54% equity ratio. Current rates are based on rate base of $835 million, an allowed return on equity of 9.65% and a 45% equity ratio. The request also incorporates increased opera
ALBUQUERQUE, N.M., Nov. 14, 2025 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE:TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2026, to shareholders of record at the close of business December 31, 2025. Background: TXNM Energy (NYSE:TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico
2025 third quarter GAAP earnings of $1.22 per diluted share2025 third quarter ongoing earnings of $1.33 per diluted shareProposed transaction with Blackstone Infrastructure approved by shareholdersTXNM Energy (In millions, except EPS) Q3 2025 Q3 2024 YTD 2025 YTD 2024 GAAP net earnings attributable to TXNM Energy $130.7 $131.2 $161.2 $226.4 GAAP diluted EPS $1.22 $1.45 $1.63 $2.50 Ongoing net earnings $142.8 $129.3 $185.5 $220.6 Ongoing diluted EPS $1.33 $1.43 $1.87 $2.44 ALBUQUERQUE, N.M., Oct. 31, 2025 /PRNewswire/ -- TXNM Energy (NYSE:TXNM) today released its 2025 third quarter results. As previously announced, TXNM Energy is not affirming previously issued earnings guidance for 2025 an
Jefferies downgraded TXNM Energy from Buy to Hold and set a new price target of $61.25
Citigroup initiated coverage of TXNM Energy with a rating of Neutral and set a new price target of $61.25
Mizuho upgraded TXNM Energy from Neutral to Outperform and set a new price target of $53.00
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
ALBUQUERQUE, N.M., May 14, 2025 /PRNewswire/ -- The Board of Directors of TXNM Energy (NYSE:TXNM) announced the transition of current Chief Executive Officer Pat Collawn to Executive Chair, effective July 1, 2025. Concurrently, and as part of a long-standing succession plan, the Board announced Don Tarry as the company's next President and CEO. Pat joined TXNM Energy in June 2007 as Utilities President, overseeing operations for wholly owned subsidiaries PNM in New Mexico and TNMP in Texas. In August 2008, she was named President and Chief Operating Officer and in March 2010,
ALBUQUERQUE, N.M., Nov. 11, 2024 /PRNewswire/ -- In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), has announced its plan to join the California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM). EDAM is a voluntary day-ahead regional market, expanding on CAISO's real-time regional market known as the Western Energy Imbalance Market (WEIM), which PNM has been a participant of since 2021. "Participating in EDAM is the next step in r
ALBUQUERQUE, N.M., Nov. 14, 2025 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE:TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2026, to shareholders of record at the close of business December 31, 2025. Background: TXNM Energy (NYSE:TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico
2025 third quarter GAAP earnings of $1.22 per diluted share2025 third quarter ongoing earnings of $1.33 per diluted shareProposed transaction with Blackstone Infrastructure approved by shareholdersTXNM Energy (In millions, except EPS) Q3 2025 Q3 2024 YTD 2025 YTD 2024 GAAP net earnings attributable to TXNM Energy $130.7 $131.2 $161.2 $226.4 GAAP diluted EPS $1.22 $1.45 $1.63 $2.50 Ongoing net earnings $142.8 $129.3 $185.5 $220.6 Ongoing diluted EPS $1.33 $1.43 $1.87 $2.44 ALBUQUERQUE, N.M., Oct. 31, 2025 /PRNewswire/ -- TXNM Energy (NYSE:TXNM) today released its 2025 third quarter results. As previously announced, TXNM Energy is not affirming previously issued earnings guidance for 2025 an
ALBUQUERQUE, N.M., Sept. 23, 2025 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of TXNM Energy, Inc. (NYSE:TXNM) declared the regular quarterly dividend of $0.4075 per share on the company's common stock. The dividend is payable November 14, 2025, to shareholders of record at the close of business October 24, 2025. Background:TXNM Energy (NYSE:TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G/A - TXNM ENERGY INC (0001108426) (Subject)