Barclays initiated coverage on PNM Resources with a new price target
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Barclays initiated coverage of PNM Resources with a rating of Overweight and set a new price target of $40.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2024 | $38.00 | In-line | Evercore ISI |
| 2/8/2024 | $40.00 | Overweight | Barclays |
| 1/3/2024 | $41.00 → $44.00 | Equal Weight → Overweight | Wells Fargo |
| 1/3/2024 | $41.00 | Buy → Neutral | Mizuho |
| 9/26/2023 | $50.30 | Neutral → Buy | Mizuho |
| 5/16/2023 | $53.00 → $55.00 | Hold → Buy | Siebert Williams Shank |
| 1/9/2023 | $51.00 → $50.30 | Buy → Neutral | Mizuho |
| 10/20/2022 | $53.00 → $45.00 | Overweight → Equal Weight | Wells Fargo |
ALBUQUERQUE, N.M., April 9, 2025 /PRNewswire/ -- The Hearing Examiners of the New Mexico Public Regulation Commission (NMPRC) issued a Certification of Stipulation recommending approval of the unopposed stipulation filed by PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), and parties in PNM's 2025 Rate Request application. The stipulation was filed in November 2024 and hearings were held in February 2025. If approved by the NMPRC, customer rates are phased in under the stipulation with 50% of the increase effective July 1, 2025, and the remaining increase effective A
ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) approved the 2025-2027 System Resiliency Plan filed by TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM). Under the plan, TNMP will invest $545.8 million over three years to mitigate various types of resiliency events posing material risk to the safe and reliable operation of TNMP's distribution system. The plan also encompasses operations and maintenance expenses associated with several programs, including vegetation management and wildfire mitigation. TNMP's filed
2025 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., March 10, 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 2025 consolidated earnings guidance of $2.74 to $2.84 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 energy to more than
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
Cheniere Energy, Inc. ("Cheniere") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021. Ms. Collawn and Ms. Mitchelmore are considered independent directors. Ms. Collawn has been appointed to the Audit and Compensation Committees and Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees. Ms. Collawn is the Chairman, President and Chief Executive Officer of PNM Resources, Inc. ("PNM Resources") (NYSE:PNM), an energy holding company based in New Mexico. Ms. Collawn joined PNM Resources in 2007 from Public Service Company of Colora
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
Evercore ISI resumed coverage of PNM Resources with a rating of In-line and set a new price target of $38.00
Barclays initiated coverage of PNM Resources with a rating of Overweight and set a new price target of $40.00
Wells Fargo upgraded PNM Resources from Equal Weight to Overweight and set a new price target of $44.00 from $41.00 previously
2024 GAAP earnings of $2.67 per diluted share, ongoing earnings of $2.74 per diluted share achieves guidance expectation2025 ongoing earnings guidance range introduced at $2.74 - $2.84 per diluted share reflects strong Texas growth, mid-year implementation of PNM customer rate phase-inIncreased long-term earnings per share growth target of 7% to 9%ALBUQUERQUE, N.M., Feb. 21, 2025 /PRNewswire/ -- TXNM Energy (NYSE:TXNM) today reported 2024 earnings results and refreshed its growth outlook, increasing its long-term earnings growth target to 7% to 9%. In addition, management announced 2025 consolidated ongoing earnings guidance of $2.74 to $2.84 per diluted share.
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
2024 Ongoing Earnings Guidance Affirmed 2024 second quarter GAAP earnings of $0.53 per diluted share2024 second quarter ongoing earnings of $0.60 per diluted shareAffirmed ongoing earnings guidance range of $2.65 - $2.75Name change to TXNM Energy, trading under TXNM ticker expected August 5, 2024ALBUQUERQUE, N.M., July 31, 2024 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q2 2024 Q2 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to PNM Resources $48.0 $45.3 $95.2 $100.3 GAAP diluted EPS $0.53 $0.53
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13D/A - PNM RESOURCES INC (0001108426) (Subject)
8-K - TXNM ENERGY INC (0001108426) (Filer)
424B3 - TXNM ENERGY INC (0001108426) (Filer)
8-K/A - TXNM ENERGY INC (0001108426) (Filer)