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
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
3 - TXNM ENERGY INC (0001108426) (Issuer)
3 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
ALBUQUERQUE, N.M., June 16, 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 July 15, 2025, to shareholders of record at the close of business June 30, 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
ALBUQUERQUE, N.M., May 20, 2025 /PRNewswire/ -- TXNM Energy (NYSE:TXNM) announces Henry Monroy as its new Senior Vice President and Chief Financial Officer. Monroy succeeds outgoing CFO Lisa Eden, who announced her retirement late last year after 21 years with the company. Monroy, 46, joined the company in 2003 and has most recently served as Vice President of PNM Regulatory. He has an extensive background in accounting and finance, having previously served as the company's Vice President and Corporate Controller from 2020 until 2023, as well numerous leadership positions with
Provides long-term infrastructure investment to support the continued build-out of PNM and TNMP in a rapidly changing energy environment, facilitating economic development during New Mexico's transition to clean energy and continued growth in TexasTXNM Energy, PNM and TNMP to remain locally managed and operated with headquarters in New Mexico and Texas, retain employees and honor all union labor agreementsCustomer rates will continue to be set by state regulatorsCustomers to receive a detailed package of benefits that will be developed after thorough and transparent engagement with stakeholders in New Mexico and TexasBlackstone Infrastructure provides long-term, patient capital and a commitm
Mizuho upgraded TXNM Energy from Neutral to Outperform and set a new price target of $53.00
Evercore ISI upgraded TXNM Energy from In-line to Outperform and set a new price target of $54.00 from $51.00 previously
Scotiabank initiated coverage of TXNM Energy with a rating of Sector Perform and set a new price target of $46.00
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
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., June 16, 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 July 15, 2025, to shareholders of record at the close of business June 30, 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
Provides long-term infrastructure investment to support the continued build-out of PNM and TNMP in a rapidly changing energy environment, facilitating economic development during New Mexico's transition to clean energy and continued growth in TexasTXNM Energy, PNM and TNMP to remain locally managed and operated with headquarters in New Mexico and Texas, retain employees and honor all union labor agreementsCustomer rates will continue to be set by state regulatorsCustomers to receive a detailed package of benefits that will be developed after thorough and transparent engagement with stakeholders in New Mexico and TexasBlackstone Infrastructure provides long-term, patient capital and a commitm
2025 first quarter GAAP earnings of $0.10 per diluted share2025 first quarter ongoing earnings of $0.19 per diluted share2025 ongoing earnings guidance range of $2.74 - $2.84 per diluted share affirmedLong-term earnings per share growth target of 7% to 9%TXNM Energy (In millions, except EPS) Q1 2025 Q1 2024 GAAP net earnings attributableto TXNM Energy $8.9 $47.2 GAAP diluted EPS $0.10 $0.52 Ongoing net earnings $18.1 $37.0 Ongoing diluted EPS $0.19 $0.41 ALBUQUERQUE, N.M., May 9, 2025 /PRNewswire/ -- TXNM Energy (NYSE:TXNM) today released its 2025 first quarter results. In addition, management affirmed its 2025 consolidated ongoing earnings guidance range of $2.74 to $2.84 per diluted share
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G/A - TXNM ENERGY INC (0001108426) (Subject)