TXNM Energy, Inc. (TXNM)

In the past six months, TXNM Energy's stock has been impacted by several events, including a proposed acquisition by Blackstone Infrastructure for $61.25 per share in cash. Regulatory applications have been filed, with Texas conclusion anticipated as early as December and New Mexico hearings scheduled for May 2026. Jefferies downgraded TXNM Energy's stock rating from "Buy" to "Hold," raising its price target to $61.25. The company declared a quarterly dividend of $0.4075 per share, payable on November 14, 2025. Public Service Company of New Mexico declared quarterly dividends of $1.145 per share on its 4.58 percent series of cumulative preferred stock. TXNM Energy repaid and terminated a $500 million term loan agreement with Wells Fargo Bank and entered into a $200 million at-the-market equity distribution agreement.

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TXNM Energy, Inc. is an investor-owned holding company focused on providing electricity and electric services. The company operates through three segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. PNM handles retail electric utility operations, while TNMP manages electricity transmission and distribution in Texas. The Corporate and Other segment includes holding company activities. Founded in 2000 and headquartered in Albuquerque, New Mexico, TXNM operates in the electric utility industry, delivering energy to over 800,000 homes and businesses.

TXNM Energy, Inc. primarily serves customers in New Mexico and Texas through its regulated utilities, PNM and TNMP.

Information on TXNM Energy, Inc.'s brand reputation and any events affecting it in the past year was not found in the provided search results.

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