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Recent Analyst Ratings for $TXNM
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 |
Approval of TNMP application for incremental rate base recovery
ALBUQUERQUE, N.M., March 26, 2025 /PRNewswire/ -- TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. (NYSE:TXNM) received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service (TCOS) application. On March 25, 2025, the Public Utility Commission of Texas (PUCT) approved TNMP's Application for Interim Update of Wholesale Transmission Rates through a TCOS filing. The approved annual rate increase of $11.5 million recovers $83.5 million of incremental transmission rate base. The associated rates became effective upon appr
TNMP System Resiliency Plan Approved
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
PNM and parties file Unopposed Stipulation in 2028 Resource Application
ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC). The stipulation supports approval of PNM's proposed resource portfolio adding 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of New Mexico's Energy Transition Act, including: extension of a Valencia Purchase Power
TXNM Energy upgraded by Mizuho with a new price target
Mizuho upgraded TXNM Energy from Neutral to Outperform and set a new price target of $53.00
TXNM Energy upgraded by Evercore ISI with a new price target
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 on TXNM Energy with a new price target
Scotiabank initiated coverage of TXNM Energy with a rating of Sector Perform and set a new price target of $46.00
President and COO Tarry Joseph Don converted options into 4,918 shares and covered exercise/tax liability with 2,226 shares, increasing direct ownership by 7% to 41,847 units (SEC Form 4)
4 - TXNM ENERGY INC (0001108426) (Issuer)
SVP & CFO Eden Elisabeth A converted options into 1,934 shares and covered exercise/tax liability with 877 shares, increasing direct ownership by 5% to 21,921 units (SEC Form 4)
4 - TXNM ENERGY INC (0001108426) (Issuer)
VP and Corporate Controller Bischoff Gerald R converted options into 621 shares and covered exercise/tax liability with 279 shares, increasing direct ownership by 49% to 1,042 units (SEC Form 4)
4 - TXNM ENERGY INC (0001108426) (Issuer)
SEC Form DEF 14A filed by TXNM Energy Inc.
DEF 14A - TXNM ENERGY INC (0001108426) (Filer)
SEC Form S-3ASR filed by TXNM Energy Inc.
S-3ASR - TXNM ENERGY INC (0001108426) (Filer)
SEC Form 10-K filed by TXNM Energy Inc.
10-K - TXNM ENERGY INC (0001108426) (Filer)
PNM announces plan to join CAISO EDAM regional energy market
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
Public Service Company of New Mexico Declares Preferred Dividend
ALBUQUERQUE, N.M., March 6, 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 April 15, 2025, to shareholders of record at the close of business March 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 throug
TXNM Energy Board Declares Quarterly Common Stock Dividend
ALBUQUERQUE, N.M., Feb. 25, 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 May 16, 2025, to shareholders of record at the close of business April 25, 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 informat
TXNM Energy reports 2024 earnings, increases investment plan and earnings growth targets
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.
SEC Form SC 13G filed by TXNM Energy Inc.
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
SEC Form SC 13G filed by TXNM Energy Inc.
SC 13G - TXNM ENERGY INC (0001108426) (Subject)
Amendment: SEC Form SC 13G/A filed by TXNM Energy Inc.
SC 13G/A - TXNM ENERGY INC (0001108426) (Subject)