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 |
|---|---|---|---|
| 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 |
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SC 13G/A - TXNM ENERGY INC (0001108426) (Subject)
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
3 - TXNM ENERGY INC (0001108426) (Issuer)
3 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
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
ALBUQUERQUE, N.M., April 10, 2025 /PRNewswire/ -- TXNM Energy, Inc. will announce first quarter 2025 financial results prior to the market opening on Friday, May 9, 2025. 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/sreg/
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
ALBUQUERQUE, N.M., May 15, 2025 /PRNewswire/ -- PNM and TNMP, the wholly-owned subsidiaries of TXNM Energy (NYSE:TXNM), each received regulatory approvals today for pending rate recovery filings. Approval of PNM 2025 Rate Request Unopposed Stipulation PNM received approval from the New Mexico Public Regulation Commission (NMPRC) for the unopposed stipulation filed by PNM and parties in PNM's 2025 Rate Request application. Under the approved stipulation, customer rates are phased in with 50% of the increase effective July 1, 2025, and the remaining increase effective April 1, 2
8-K - TXNM ENERGY INC (0001108426) (Filer)
8-K/A - 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