Date | Price Target | Rating | Analyst |
---|---|---|---|
10/10/2024 | $46.00 | Sector Perform | Scotiabank |
10/2/2024 | $50.00 | Buy | Jefferies |
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G/A - TXNM ENERGY INC (0001108426) (Subject)
Scotiabank initiated coverage of TXNM Energy with a rating of Sector Perform and set a new price target of $46.00
Jefferies initiated coverage of TXNM Energy with a rating of Buy and set a new price target of $50.00
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
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
3 - TXNM ENERGY INC (0001108426) (Issuer)
TXNM Energy and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors of TXNM Energy (NYSE:TXNM) today voted to increase the company's annual dividend payment by $0.08, a 5.2% increase, to an indicated annual rate of $1.63 per share of common stock. The board has declared the resulting quarterly stock dividend of $0.4075 per share, payable February 14, 2025, to shareholders of record at the close of business January 31, 2025. Also today, the Board of Directors of Public Service Company of New Mex
2024 Ongoing Earnings Guidance Narrowed 2024 third quarter GAAP earnings of $1.45 per diluted share2024 third quarter ongoing earnings of $1.43 per diluted shareNarrowed 2024 ongoing earnings guidance range to $2.70 - $2.75ALBUQUERQUE, N.M., Nov. 1, 2024 /PRNewswire/ -- TXNM Energy (In millions, except EPS) Q3 2024 Q3 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to TXNM Energy $131.2 $37.7 $226.4 $138.0 GAAP diluted EPS $1.45 $0.44 $2.50 $1.60 Ongoing net earnings $129.3 $132.9 $220.6 $228.0 Ongoing diluted EPS $1.43 $1.54 $2.44 $2.65 TXNM Energy (NYSE:TXNM) today
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TXNM Energy, Inc. will announce third quarter 2024 financial results prior to the market opening on Friday, November 1, 2024. Management will also host a live conference call at 11 a.m. Eastern Time to discuss financial results and other company updates. The press release and accompanying presentation materials for the conference call will be posted on the company website at www.TXNMEnergy.com. Investors and analysts can participate in the live conference call by pre-registering using the following link: https://dpregister.com/sr
ALBUQUERQUE, N.M., Sept. 24, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of TXNM Energy, Inc. (NYSE:TXNM) declared the regular quarterly dividend of $0.3875 per share on the company's common stock. The dividend is payable November 8, 2024, to shareholders of record at the close of business October 28, 2024. 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 i
ALBUQUERQUE, N.M., Sept. 11, 2024 /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 October 15, 2024, to shareholders of record at the close of business September 30, 2024. 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
8-K - TXNM ENERGY INC (0001108426) (Filer)
10-Q - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., Jan. 8, 2025 /PRNewswire/ -- TXNM Energy, Inc. (NYSE:TXNM) management will meet with analysts and investors this week. During the meetings, management is expected to affirm the company's 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share. Presentation materials are available on the company's website at https://www.txnmenergy.com/investors/events-and-presentations. Background:TXNM Energy (NYSE:TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy
ALBUQUERQUE, N.M., Dec. 31, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), has issued a Request for Proposals (RFP) for at least 900 megawatts of new energy resources to come online between 2029 and 2032 to serve customers in New Mexico, with at least 500 megawatts needed by 2030. The all-source RFP is consistent with resource needs identified through PNM's 2023 Integrated Resource Plan, which identifies a range of 900 – 2,900 megawatts of new capacity needed by 2032, depending on the type of resources selected. PNM has been integrating new res
ALBUQUERQUE, N.M., Dec. 12, 2024 /PRNewswire/ -- TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), filed an unopposed settlement yesterday in its application with the Public Utility Commission of Texas (PUCT) for approval of a System Resiliency Plan. TNMP's filed System Resiliency Plan was developed using a comprehensive and data-driven approach which evaluated various types of resiliency events posing material risk to the safe and reliable operation of TNMP's distribution system. The settlement includes $565.8 million of capital investments over 2025 through 2027, r
2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., Dec. 9, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE:TXNM) management will meet with analysts and investors this week in New York City. During the meetings, management is expected to affirm the company's 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share. Presentation materials are available on the company's website at http://www.pnmresources.com/investors/events.cfm Background:TXNM Energy (NYSE:TXNM), an energy holding company based in Albuquerque, New Mexico, delivers ener
TXNM Energy and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors of TXNM Energy (NYSE:TXNM) today voted to increase the company's annual dividend payment by $0.08, a 5.2% increase, to an indicated annual rate of $1.63 per share of common stock. The board has declared the resulting quarterly stock dividend of $0.4075 per share, payable February 14, 2025, to shareholders of record at the close of business January 31, 2025. Also today, the Board of Directors of Public Service Company of New Mex
ALBUQUERQUE, N.M., Nov. 26, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), and parties in its 2025 Rate Request application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC). The stipulation provides for a phased-in approach to the increase in customer rates supporting continued investments in the grid to meet changing customer needs. The $105.0 million increase to PNM's revenue requirements in the stipulation is based on a 9.45% return on equity and a 51% equity capitalization structure on $3
ALBUQUERQUE, N.M., Nov. 25, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), filed an application with the New Mexico Public Regulation Commission (NMPRC) for new energy resources to be added by summer 2028. The proposed resource portfolio extends existing resources and adds 430 megawatts (MWs) of new solar and battery storage to meet PNM's forecasted peak load requirements in 2028 to serve its customers and to continue progress towards the zero-carbon requirements of New Mexico's Energy Transition Act. The filing requests approval for: extension
ALBUQUERQUE, N.M., Nov. 19, 2024 /PRNewswire/ -- TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), filed an unopposed joint motion yesterday to abate the procedural schedule in its System Resiliency Plan filing, including the hearing on the merits that is currently scheduled for November 19-20, 2024. The administrative law judge approved TNMP's request. The parties participating in this proceeding have reached a settlement in principle, or are unopposed to the settlement in principle, and require time to memorialize and file a formal settlement agreement. The filing
ALBUQUERQUE, N.M., Nov. 15, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating several parties have reached a Settlement in Principle in PNM's 2025 Rate Request application. In order to facilitate the completion of a comprehensive stipulation, parties filed an unopposed joint motion to request a modification to the procedural schedule in the case to vacate the November 26, 2024, testimony deadline. The motion requests a scheduling conference during the week of
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