Inside the research
TXNM Energy, Inc.
TXNM Research profile · latest available data
Price overview
$58.52
▲ +0.35 (+0.6%)
| 52w hi | $59.05 |
|---|---|
| 52w lo | $54.94 |
| Vol | 1.25M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.07
| Short | +0.17 |
|---|---|
| Medium | -0.24 |
| Long | -0.20 |
computed 2026-09-27
Key fundamentals
TXNM Energy, Inc.
Utilities · Utilities - Regulated Electric
| Market cap | $6.44B |
|---|---|
| Enterprise value | $12.06B |
| Trailing P/E | 31.98x |
| Forward P/E | 18.00x |
| EV / EBITDA | 12.84x |
| P / S (ttm) | 2.88x |
| Profit margin | 8.8% |
| Return on equity | 6.3% |
| Revenue growth | +9.2% |
| Earnings growth | +190.9% |
| Debt / equity | 165.51 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.25 | |
| Sector | -0.10 | |
| Technical | +0.03 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
Risk Metrics
| Beta vs SPX | 0.27 |
|---|---|
| Corr SPX | 0.28 |
| Annual vol | 15.1% |
| Annual ret | +16.6% |
| Sharpe | 1.10 |
| Max DD | -10.2% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-31 | Earnings Release, Exhibits | read |
| 2026-07-21 | Material Agreement, Material Obligation… | read |
| 2026-07-20 | Material Agreement, Material Obligation… | read |
| 2026-07-06 | Other Material Event | read |
| 2026-06-11 | Shareholder Vote | read |
| 2026-06-02 | Reg FD Disclosure, Other Material Event… | read |
| 2026-05-01 | Earnings Release, Exhibits | read |
| 2026-03-31 | Other Material Event | read |
| 2026-03-03 | Officer / Director Change | read |
| 2026-03-03 | Material Agreement, Exhibits | read |
| 2026-02-27 | Earnings Release, Exhibits | read |
| 2026-01-02 | Other Material Event | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-10 | BAILEY VICKY A | Grant | 2.70K | — | |
| 2026-06-10 | Maestas Steven | Grant | 2.70K | — | |
| 2026-06-10 | Gutierrez Sidney M. | Grant | 2.70K | — | |
| 2026-06-10 | CONLEY E RENAE | Grant | 2.70K | — | |
| 2026-06-10 | BECKER NORMAN P. | Grant | 2.70K | — | |
| 2026-06-10 | HUGHES JAMES ALTON | Grant | 2.70K | — | |
| 2026-06-10 | Montoya Lillian J | Grant | 2.70K | — | |
| 2026-06-10 | MULLARKEY MAUREEN T | Grant | 2.70K | — | |
| 2026-03-07 | TARRY JOSEPH DON | President and CEO | Option exercise | 1.70K | — |
| 2026-03-07 | TARRY JOSEPH DON | President and CEO | Withheld for tax | 770 | $45.34K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 94.7% |
| HHI | 3,309 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Millennium Management | $140.29M | 2.47M |
| Capital Research / Capital World | $45.60M | 803.01K |
| Renaissance Technologies | $36.65M | 645.56K |
| Citadel Advisors | $20.55M | 362.00K |
| State Street Corp | $10.48M | 8.02M |
| Fidelity / FMR LLC | $6.46M | 113.72K |
| Bridgewater Associates | $4.44M | 78.11K |
| AQR Capital Management | $3.16M | 55.72K |
| T. Rowe Price Group | $7.01K | 123.54K |
As of 2026-06-30
Dividends
| Yield (TTM) | 2.14% |
|---|---|
| $ / share (TTM) | $1.25 |
| 5y CAGR | +5.8% |
Annual dividend per share
| 2021 | $1.31 |
|---|---|
| 2022 | $1.39 |
| 2023 | $1.47 |
| 2024 | $1.55 |
| 2025 | $1.63 |
| 2026 | $0.85 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.91B | +5.0% | |
| Gross profit | $740.46M | +14.1% | |
| Operating income | $441.18M | +5.7% | |
| Net income | $8.78M | -10.1% | |
| Cash from ops | $551.17M | +4.4% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $58.20 | $58.59 | $58.09 | $58.52 | 1.25M |
| Sep 24 | $58.41 | $58.41 | $58.14 | $58.17 | 2.45M |
| Sep 23 | $58.63 | $58.74 | $58.32 | $58.32 | 1.62M |
| Sep 22 | $58.51 | $58.89 | $58.42 | $58.63 | 2.41M |
| Sep 21 | $58.46 | $58.71 | $58.36 | $58.57 | 1.87M |
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