Analyst Price Target is $47.33
▲ +8.76% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for TXNM Energy in the last 3 months. The average price target is $47.33, with a high forecast of $50.00 and a low forecast of $46.00. The average price target represents a 8.76% upside from the last price of $43.52.
Current Consensus is
Moderate Buy
The current consensus among 3 polled investment analysts is to moderate buy stock in TXNM Energy.
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also 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.
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