TXNM Energy

TXNM · NYSE

$58.49−$0.02 (−0.03%)TodayMarket closed · Oct 20, 7:53 PM ET

Prev close $58.51

TXNM analyst rating

HoldConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $61.91 (+5.9% upside)

Low: $59.59
Now: $58.49
High: $64.31

Upgrades and downgrades

The latest rating actions, newest first

TXNM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Oct 27, 2025	Downgrade	Buy → Hold	$58.00 → $61.25	58%

The case for and against

Updated Nov 7, 2025

Bull case

TXNM Energy Inc. benefits from a significantly improved regulatory environment in both Texas and New Mexico, particularly with New Mexico transitioning from elected to appointed regulators, which may facilitate smoother operations and strategic initiatives. The partnership with Blackstone strengthens the financial position of TXNM Energy and demonstrates a commitment to delivering value, marked by a substantial premium for shareholders, provided that regulatory approvals are secured. Management’s proactive engagement with stakeholders and applicable interveners reflects a strategic approach aimed at mitigating previous challenges encountered in the regulatory landscape.

Bear case

TXNM Energy Inc's stock is anticipated to trade sideways until the second half of 2026, suggesting a period of stagnation that may deter investor interest. The mention of a 20% probability that a significant deal could fail raises concerns about the company's strategic positioning and potential revenue risks. Overall, these factors contribute to a challenging outlook for TXNM Energy’s stock performance in the near to medium term.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.