In Tuesday’s Wall Street session, TXNM Energy Inc (NYSE:TXNM) shares traded at $56.40, down -0.30% from the previous session.
TXNM stock price is now 6.46% away from the 50-day moving average and 18.52% away from the 200-day moving average. The market capitalization of the company currently stands at $5.23B.
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With the price target maintained at $53, Mizuho recently Upgraded its rating from Neutral to Outperform for TXNM Energy Inc (NYSE: TXNM). On February 11, 2025, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $51 to quote $54, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, BECKER NORMAN P., Director sold 2,300 shares of the company’s stock on Nov 21 ’24. The stock was sold for $111,366 at an average price of $48.42. Upon completion of the transaction, the Director now directly owns 25,378 shares in the company, valued at $1.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Director BECKER NORMAN P. bought 3,750 shares of the business’s stock. A total of $181,313 was incurred on buying the stock at an average price of $48.35. A total of 1.36% of the company’s stock is owned by insiders.
During the past 12 months, TXNM Energy Inc has had a low of $35.56 and a high of $57.29. As of last week, the company has a debt-to-equity ratio of 2.44, a current ratio of 0.29, and a quick ratio of 0.19.
The net profit margin was 10.11% and return on equity was 8.37% for TXNM. For the current quarter, analysts expect TXNM to generate $475.66M in revenue.
