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 in New Mexico; 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. The company 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.
Future Outlook | Analysts project stable EPS of $2.73 for current and upcoming fiscal years, with price targets ranging from $45 to $52, reflecting optimism about TXNM's prospects. |
Market Positioning | Delve into TXNM Energy's unique position as a small-cap electric utility with growth potential at a discounted valuation, attracting investor attention in the sector. |
Strategic CapEx | Explore how increased capital expenditures in Texas could drive long-term earnings growth, with every $150 million in CapEx potentially lifting EPS by 0.80%. |
Regulatory Triumphs | TXNM Energy's recent regulatory success in New Mexico sets the stage for potential value re-rating and growth, positioning it as a promising player in the utility sector. |
Metrics to compare | TXNM | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipTXNMPeersSector | |
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P/E Ratio | 20.7x | 23.4x | 11.9x | |
PEG Ratio | 0.13 | −7.41 | 0.02 | |
Price / Book | 2.0x | 2.3x | 1.3x | |
Price / LTM Sales | 2.5x | 4.0x | 1.5x | |
Upside (Analyst Target) | 5.4% | 1.1% | 17.4% | |
Fair Value Upside | Unlock | −20.5% | 3.3% | Unlock |