TXNM Energy, Inc. (TXNM)
Utilities · NYQ
Price as at 1 Oct 2026, 03:08 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
TXNM Energy, Inc. trades at $58.32, which is 46% above the $31.25 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 46 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 40.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TXNM dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.27 | 3 |
| 2025 | $1.63 | 4 |
| 2024 | $1.55 | 4 |
| 2023 | $1.47 | 4 |
| 2022 | $1.39 | 4 |
| 2021 | $1.31 | 4 |
| 2020 | $1.23 | 4 |
| 2019 | $1.16 | 4 |
| 2018 | $1.06 | 4 |
| 2017 | $0.972 | 4 |
| 2016 | $0.880 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TXNM earnings and analyst estimates
Recommendation mix, 6 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About TXNM Energy, Inc.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TXNM passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
13 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Israel Englander, MILLENNIUM MANAGEMENT LLC$140.29M · 0.1% of book
- Marshall Wace, MARSHALL WACE, LLP$50.53M · 0.0% of book
- Mario Gabelli, GAMCO INVESTORS, INC. ET AL$42.39M · 0.4% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$39.12M · 0.1% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$36.65M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
TXNM peers
The largest companies in the same industry (Utilities - Regulated Electric), then in the same sector.
- NEE NextEra Energy, Inc.
- NGG National Grid plc
- ES Eversource Energy
- HRNNF Hydro One Limited
- EVRG Evergy, Inc.
- EMA Emera Incorporated
- PNW Pinnacle West Capital Corporation
- OGE OGE Energy Corp.
Every utilities company we cover is on the Utilities hub.
Common questions
Is TXNM Energy, Inc. (TXNM) undervalued?
Against our fair value estimate of $31.25, TXNM at $58.32 is 46% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TXNM?
13 of the institutions we track reported a position in TXNM in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is TXNM's P/E ratio?
TXNM trades at 40.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does TXNM Energy, Inc. (TXNM) pay a dividend?
Yes. TXNM Energy, Inc. yields 2.97% at the current share price. It has paid $1.68 per share over the trailing twelve months. It has paid a dividend in each of the last 30 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TXNM data?
Fundamentals for TXNM come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 03:08 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TXNM, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.