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TXNM
TXNM Energy Inc
NYSE· Utilities· Utilities - Regulated Electric· CUSIP 69349H107
$58.73+0.41%Price as of Oct 23, 00:44 UTC · updated once a day, after the close
At a glance
TXNM Energy Inc (TXNM) is listed on NYSE and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Albuquerque, United States and has 1,755 employees. The company is worth $6.47B and trades at 33.8x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $2.17B in fiscal 2025, up 9.9% from the year before. Net income was $169.83M. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.88%, and has raised its annual dividend for 14 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $140.29M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $6.47B
- P/E
- 33.8x
- Forward P/E
- 18.1x
- P/B
- 1.8x
- Dividend yield
- 2.88%
- Payout
- 97.13%
- EPS
- $1.74
- ROE
- 6.25%
- Profit margin
- 8.77%
- Revenue growth
- +9.20%
- Beta
- 0.17
- 52-week high
- $59.53
- 52-week low
- $55.64
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Israel EnglanderReducedMillennium Management · Q2 2026$140.29M2.47M shares · 0.1% of portfolio
- Renaissance TechnologiesNew positionRenaissance Technologies · Q2 2026$36.65M645.56K shares · 0.1% of portfolio
- Two SigmaAddedTwo Sigma Investments · Q2 2026$34.58M609.07K shares · 0.0% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$20.55M362K shares · 0.0% of portfolio
Ray DalioHeldBridgewater Associates · Q2 2026$4.44M78.11K shares · 0.0% of portfolio- Cliff AsnessReducedAQR Capital Management · Q2 2026$3.16M55.72K shares · 0.0% of portfolio
- Steve CohenReducedPoint72 Asset Management · Q2 2026$854.43K15.05K shares · 0.0% of portfolio
Price over time
▲ +18.8% over 5Y.
today you would have $1,371.31▲ +37.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $58.88 | $49.17 | $41.60 | $48.79 | $45.61 | $48.53 | $50.71 | $41.09 | $40.45 | $34.30 | $30.57 | $29.63 | $24.12 | $20.51 | $18.23 | $13.02 | $12.65 | $10.08 | |
| P/E | 23.0x | 39.8x | 18.4x | 40.8x | 24.8x | 20.1x | 22.6x | 52.3x | 38.4x | 40.5x | 23.5x | 152.8x | 20.4x | 19.3x | 15.7x | 9.3x | — | 9.3x | — |
| P/S | 2.3x | 3.0x | 2.3x | 1.9x | 1.9x | 2.2x | 2.7x | 2771.1x | 2.3x | 2.2x | 2.0x | — | — | — | — | — | — | — | — |
| P/B | 1.6x | 1.9x | 1.8x | 1.6x | 1.9x | 1.8x | 2.0x | 2406.2x | 1.9x | 1.9x | 1.6x | 1.5x | 1.4x | 1.1x | 1.0x | 0.9x | 0.7x | 0.7x | — |
| EPS | $1.48 | $2.67 | $1.02 | $1.97 | $2.27 | $2.15 | $0.97 | $1.07 | $1.00 | $1.46 | $0.20 | $1.45 | $1.25 | $1.31 | $1.96 | -$0.49 | $1.36 | -$3.24 | |
| Dividend yield | 2.74% | 2.77% | 3.16% | 3.54% | 2.85% | 2.88% | 2.54% | 2.29% | 2.58% | 2.40% | 2.57% | 2.62% | 2.50% | 2.65% | 2.73% | 2.74% | 3.84% | 3.95% | 7.04% |
| Payout | 59.20% | 110.27% | 58.13% | 144.31% | 70.66% | 57.80% | 57.30% | 119.59% | 99.07% | 97.20% | 60.27% | 400.00% | 51.03% | 51.20% | 42.75% | 25.51% | — | 36.76% | — |
| Profit margin | 8.04% | 7.84% | 13.13% | 5.51% | 8.23% | 11.90% | 12.30% | 6.32% | 7.05% | 5.53% | 8.57% | — | — | — | — | — | — | — | — |
| ROE | 6.28% | 4.99% | 10.20% | 4.55% | 8.45% | 9.77% | 9.14% | 5.49% | 6.00% | 4.71% | 6.97% | 0.95% | 6.75% | 6.01% | 6.56% | 11.20% | -2.94% | 7.54% | -14.67% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$35.40
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Earnings
$35.68
Median P/E of 20.5 among peers in the sector.
Earnings
$40.08
Median P/E of 23.0 across this company’s own years on record.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
$61.52
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividends
$84.26
Dividend growing 5.0% a year against a 7.0% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $37.05 (avg. of 3)+Operating $61.52+Dividends $84.26÷ 3 =$60.94
$60.94
5 methods answered, across 3 families.
$45.71
Room for errors in the reported numbers.
$58.73
+3.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CIGEnergy Co of Minas Gerais | $2.28 | 7.4x | 1.1x | 6.58% | 15.94% | $6.52B |
| SWXSouthwest Gas Holdings, Inc. | $91.08 | 22.8x | 1.6x | 2.83% | 6.83% | $6.6B |
| BKHBlack Hills Corp | $79.31 | 19.8x | 1.5x | 3.54% | 7.96% | $6.05B |
| ENICEnel Chile S.A. | $4.34 | 10.8x | 1.1x | 4.38% | 11.00% | $6B |
| BEPCBrookfield Renewable Corp | $29.36 | — | — | 5.35% | -45.46% | $5.45B |
| NJRNew Jersey Resources Corp | $53.63 | 14.4x | 2.1x | 3.73% | 14.45% | $5.44B |
About the company
- 1,755
- Albuquerque, United States