TXNM Energy (TXNM.US) Price Target 2026/2027: 5% Upside + 2.9% Dividend

57,39
0,05%
Price history for TXNM Energy (TXNM.US) – stock price at 57.39 $, August 2026
TXNM Energy stock price – price development 2026. Updated Aug 6, 2026.
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TXNM Energy Price Target 2026: Analysts See 6% Upside

The average price target for TXNM Energy is $60.79. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 5,92% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is TXNM Energy overvalued or undervalued?

TXNM Energy is currently fairly valued with a gap of 5.9% relative to the price target.


The current price is $57.39, which places TXNM Energy in the fairly valued category. The stock is considered undervalued when the price is below $54.71, and overvalued when the price exceeds $66.87.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For TXNM Energy, the fair value range lies between $54.71 and $66.87.


See the full price target analysis for TXNM Energy →

Analyst Ratings for TXNM Energy stock in 2026: Buy

8 analysts cover TXNM Energy. Analysts are mostly neutral — 50% recommend Hold. The average price target is $60.79, which gives an upside of 5.9% from the current price.

Consensus: Buy (3.88/5)
Strong Buy
3 (37.5%)
Buy
1 (12.5%)
Hold
4 (50%)
Strong Sell Sell Hold Buy Strong Buy
3.88 out of 5 based on 8 analysts

About TXNM Energy – Utilities - Regulated Electric

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. Read more about the company

Key Figures for TXNM Energy

$ 5,9B Market cap
$ 2,2B Revenue
Utilities - Regulated Electric Industry
31.48 P/E
2.66 P/S
1.80 P/B
USA Listed on exchange

What kind of stock is TXNM Energy?

Dividend stock Growth stock

TXNM Energy is classified as a dividend stock and growth stock. This means the stock combines several attractive traits, including a dividend of 2.9%.

Score Overview for TXNM Energy

💰 Value Score 55/100 (Neutral)
⭐ Quality Score 56/100 (Neutral)
🚀 Momentum Score 69/100 (High)
📊 Total Score 60/100

⚠️ 2 red flags identified 1 critical

Our analysis has identified 2 potential risk factors in TXNM Energy that investors should be aware of.

🚨 High debt: The debt-to-equity ratio is 351% – the company carries considerably more debt than equity, which raises the financial risk.
⚠️ Weak balance sheet (elevated risk): Altman Z2 is 0.67 – the balance sheet is measurably weaker than average. This is a risk signal based on the numbers, not a bankruptcy prediction.

📈 Valuation

TXNM Energy trades at a P/E ratio of 31.5, which is above the market average. The forward P/E is 20.1 (36% lower), which suggests the market expects rising earnings. The P/S ratio is 2.7. The P/B ratio is 1.8. The PEG ratio is 2.87 — above 2.0 suggests the stock is expensive relative to its growth rate.

💵 Profitability & Growth

TXNM Energy has a profit margin of 8.8% (moderate) and an operating margin of 22.5%. Return on equity (ROE) is 6.3%. Return on assets (ROA) is 2.3%. The latest quarterly earnings grew 190.9% year over year — strong growth.

🏦 Financial Health

The Piotroski score is 6 out of 9 — good financial health. Altman Z2 is 0.67 (weak balance sheet — elevated risk). The debt-to-equity ratio (D/E) is 351.4% — high debt, which raises the risk.

🚀 Momentum & Short Interest

Short interest is 6.23% — elevated, some investors are betting on a decline.

TXNM Energy Dividend 2026: 2.9% Dividend Yield

Dividend Key Figures for TXNM Energy in 2026

Dividend yield
2.91%
Payout ratio
64.5%
High

When does TXNM Energy pay a dividend in 2026?

Next dividend payment
August 14, 2026

How much does TXNM Energy pay in dividends?

TXNM Energy does not currently pay a dividend. This may be because the company reinvests its profits in growth, or because there is not enough profit for dividend payments. You can find more information about the dividend policy on the company's website.

Historical Dividend Payments for TXNM Energy

No historical dividend payments are registered for this stock.

Ex-datePayment dateAmountCurrencyPeriod
No historical dividend payments available.

Insider Trading in TXNM Energy 2026: The Signal Is negative

In 2026, insiders at TXNM Energy have made 20 transactions, all of which were sales. On a net basis, insiders took 5,069,537 $ out of the stock. Active insiders include TARRY JOSEPH DON, Monroy Henry E, Iverson Brian and others.

Short-Term Signal (3 months): No activity

There has been no insider trading in the last 3 months.

Long-Term Signal (all transactions): Negative

Insiders have exclusively sold shares in the recent period. This can suggest management sees limited opportunity.

Across the last 20 transactions: 0 purchases and 20 sales. A net 5,069,537 $ out of the stock.

Latest sale: TARRY JOSEPH DON sold 1,700 shares at 59 $ each on 2026-03-07.

Who is selling: TARRY JOSEPH DON, Monroy Henry E, Iverson Brian, COLLAWN PATRICIA K, Bischoff Gerald R and others.

Latest Insider Trades in TXNM Energy (2026)

The table shows the last 20 reported insider transactions in TXNM Energy. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-03-07 TARRY JOSEPH DON Sell 1,700 59 100,096
2026-03-07 Monroy Henry E Sell 311 59 18,312
2026-03-07 Iverson Brian Sell 1,163 59 68,477
2026-03-07 COLLAWN PATRICIA K Sell 6,019 59 354,399
2026-03-07 Bischoff Gerald R Sell 169 59 9,951
2025-12-17 TARRY JOSEPH DON Sell 9,433 59 553,811
2025-12-17 Monroy Henry E Sell 466 59 27,359
2025-12-17 Jacobson Monique Sell 658 59 38,631
2025-12-17 Iverson Brian Sell 2,344 59 137,616
2025-12-17 COLLAWN PATRICIA K Sell 27,320 59 1,603,957

Who is buying and selling TXNM Energy shares in 2026?

The following insiders have sold shares: TARRY JOSEPH DON, Monroy Henry E, Iverson Brian, COLLAWN PATRICIA K, Bischoff Gerald R and others. In total, 5,069,537 $ was sold across 20 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

TXNM Energy Short Selling 2026: 6.2% Sold Short

High short interest: 6.2% of the free float
Short % of free float
6.2%
Assessment
High short interest
Short squeeze risk
Moderate
Data source
SEC
Updated daily
The stock has a high share of short selling. Between 5-10% of the freely traded shares are sold short, which suggests some investors are betting on falling prices. Positive surprises can lead to a moderate short squeeze.

What does this mean for you as an investor?
A short interest of 6.2% means that 6.2% of the freely traded shares in TXNM Energy have been borrowed and sold by investors betting on falling prices.

Data is updated daily based on official filings with the SEC.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
6.2%

When Does TXNM Energy Report Earnings?

The next earnings date for TXNM Energy is not yet available. Check the company's investor calendar for more information.



Technical Analysis of TXNM Energy 2026 – Signal: Buy

Overall Technical Signal: Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated August 6, 2026.

Technical analysis of TXNM Energy (TXNM.US) – RSI 51, MACD positive (bullish), daily candlestick chart August 2026
TXNM Energy technical analysis – candlestick chart with RSI and MACD. Updated Aug 6, 2026.

Trend Analysis of TXNM Energy, Inc.

TXNM Energy, Inc. is in a short-term uptrend. The price of $57.36 is 0.1% above the 20-day average ($57.28). Medium term, the picture is positive: the price is 0.1% above the 50-day average ($57.31). Long term, the stock is 0.3% below the 200-day average ($57.55), which signals a long-term downtrend.

Death Cross: The 50-day average (57.31) is below the 200-day average (57.55), which is a classic bearish signal for TXNM Energy, Inc..

Is TXNM Energy, Inc. overbought or oversold?

TXNM Energy, Inc. has an RSI of 50.8, right in the middle of the neutral zone. There is no clear buying or selling pressure.

MACD Analysis for TXNM Energy, Inc.

Daily MACD: MACD is positive (0.134), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is above the signal line (0.115) by 0.019, which confirms rising momentum in the uptrend.

Weekly MACD: MACD5 is positive (0.021), which indicates a broader bullish long-term trend. MACD5 is below the signal line (0.205) by 0.184, which suggests the long-term momentum is fading – the positive trend could come under pressure.

Overall MACD assessment: Both the daily and weekly trend are bullish (MACD positive). However, momentum shows signs of weakening on a weekly basis. Watch whether the trend holds.

Risk Profile for TXNM Energy, Inc.

TXNM Energy, Inc. has an annual standard deviation of 5.0%, which classifies the stock as low risk. Price swings are limited, and the stock suits conservative investors.

Overall Technical Conclusion for TXNM Energy, Inc.

Trend: Neutral/mixed.

MACD trend (zero line): Daily bullish (0.134). Weekly bullish (0.021).

MACD momentum (signal): Daily rising. Weekly falling.

RSI: 50.8 – neutral.

Technical signal: Buy

The broader trend is positive and MACD supports the picture. Consider buying with a stop-loss below the nearest support level.

Frequently Asked Questions About TXNM Energy stock in 2026

Should you buy TXNM Energy stock now?
Yes, the technical signal for TXNM Energy is currently BUY. TXNM Energy trades at $57.39 as of 8/6/2026. The overall technical signal is: Buy. The technical analysis shows the following: MACD is positive (bullish trend) at 0.134 with rising momentum (signal: 0.115); RSI is at 50.8 (neutral zone); the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $60.79 points to 5.9% upside. This is a technical observation based on current data, not investment advice.
What is the price target for TXNM Energy stock?
The average analyst price target for TXNM Energy is $60.79. The current price is $57.39, which gives an upside of 5.9%. Based on this, the stock is considered fairly valued. The fair value range (±10% of the price target) is between $54.71 and $66.87.
Is TXNM Energy a dividend stock?
Yes, TXNM Energy is a dividend stock with a dividend yield of 2.91%. The payout ratio is 64.5%, which is considered moderate. The next dividend payment is scheduled for 8/14/2026.
When does TXNM Energy pay a dividend in 2026?
TXNM Energy pays its next dividend on 8/14/2026. The dividend yield is 2.91%. The payout ratio of 64.5% points to moderate dividend coverage.
What is the risk of TXNM Energy stock?
TXNM Energy is rated as a stock with low risk. the annual standard deviation is 5.0%, which classifies the stock as low risk.
Is TXNM Energy overvalued?
TXNM Energy is considered fairly valued – the price is close to the analyst price target. TXNM Energy has the following valuation ratios: a P/E ratio of 31.5 (highly valued), a P/S ratio of 2.7, a P/B ratio of 1.8. The stock trades close to the analyst price target and is considered fairly valued.
Is TXNM Energy overbought?
No, TXNM Energy is not overbought. RSI is at 50.8 (neutral zone). The technical indicators show: RSI is at 50.8 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 0.2% above the 20-day average (short-term uptrend). In addition, MACD is positive with rising momentum (bullish).
When is the next TXNM Energy earnings report?
The date of the next earnings report for TXNM Energy has not been published yet. Check the company's investor calendar for updates.
Is TXNM Energy shorted?
Yes, TXNM Energy is shorted with 6.2% of the free float sold short. This is a high level of short selling, which suggests some investors are betting on falling prices. Positive surprises can lead to a moderate short squeeze. Data is updated daily based on official filings with the SEC.
Are insiders buying TXNM Energy stock?
No, insiders are not buying TXNM Energy shares – they are net sellers. Across the last 20 reported transactions, the split is 0 purchases and 20 sales, with a net 5,069,537 $ sold. Active sellers include TARRY JOSEPH DON, Monroy Henry E, Iverson Brian and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is TXNM Energy a good stock?
Based on our total score, TXNM Energy is rated as a good stock with a total score of 60 out of 100. The stock scores above average on value, quality and momentum – it is among the top 40% in our database. The score is made up of Value: 55/100, Quality: 56/100, Momentum: 69/100. In addition: a dividend of 2.91%; technical signal: Buy. Whether TXNM Energy is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for TXNM Energy stock?
The outlook for TXNM Energy based on current data: the average analyst price target is $60.79 (+5.9%); the P/E ratio is 31.5 (high – the market expects growth). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is TXNM Energy stock moving?
TXNM Energy is stable right now. The technical indicators show: the price is close to the 20-day average; MACD is positive with rising momentum (bullish signal); short interest is 6.2% (high – many are betting on a decline); insiders have mostly been selling the stock recently. For the latest context, see our technical analysis, insider section and news overview above.
How high can TXNM Energy go?
The average analyst price target for TXNM Energy is $60.79, which corresponds to a potential gain of 5.9% from the current price of $57.39. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can TXNM Energy fall?
We lack enough history to give a specific floor for TXNM Energy. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does TXNM Energy do?
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 othe... The company belongs to the Forsyning sector, more specifically the Utilities - Regulated Electric industry, is headquartered in USA, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate TXNM Energy as an investment.
Did TXNM Energy raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from TXNM Energy. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history and the news overview above.
Is TXNM Energy making money or losing money?
Yes, TXNM Energy is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 8.8% — which is moderate. The operating margin (profit before interest and taxes) is 22.5%. At a P/E ratio of 31.5, you currently pay 31.5 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can TXNM Energy go bankrupt?
The bankruptcy risk of TXNM Energy is rated as elevated. Altman Z2 (a model for assessing financial distress) is 0.67 — that places the company in the weak zone. This is a probability based on the numbers, not a verdict — bankruptcy is not imminent. But the balance sheet is measurably weaker than average, so watch the debt, liquidity and possible capital raises. The Piotroski score (financial health 0-9, higher is better) is 6 — which is average. Debt relative to equity is 351% (high). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does TXNM Energy have a lot of debt?
Yes, TXNM Energy has elevated debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 351%. For the forsyning sector, anything above 150% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector. Can TXNM Energy service its debt? Can service its debt, but it weighs on the company — the interest coverage ratio (how many times earnings can cover interest payments) is 1.8x, and net debt equals 0.8 years of earnings (EBITDA).