Txnm Energy stock hits all-time high at 58.46 USD By Investing.com

TXNM Energy Inc has reached an all-time high, with its stock price hitting 58.46 USD, slightly above its previous 52-week high of 58.45 USD. This milestone reflects a significant upward trend, with the company's stock posting a 21.68% return over the past year and an impressive 22.08% year-to-date gain. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, suggesting potential overvaluation. The achievement of this all-time high underscores investor confidence in TXNM Energy's performance and growth prospects. The company has maintained dividend payments for 30 consecutive years and currently offers a 2.9% dividend yield. With a market capitalization of $6.36 billion and revenue growth of 10.65%, TXNM Energy's stock performance highlights its robust position within the industry. The stock's low beta of 0.17 indicates relatively low price volatility compared to the market.For investors seeking deeper insights, InvestingPro offers additional ProTips and comprehensive Pro Research Reports on TXNM Energy, one of 1,400+ US equities covered with detailed analysis and actionable intelligence.

In other recent news, TXNM Energy, Inc. has initiated marketing for a potential private offering of fixed-to-fixed reset rate junior subordinated notes. This offering is targeted at qualified institutional buyers in the United States and non-U.S. persons outside the country. Additionally, TXNM Energy is exploring a pension risk transfer transaction through its subsidiary, Public Service Company of New Mexico, involving the purchase of group annuity contracts to manage up to $100 million of pension obligations. In another development, Public Service Company of New Mexico has declared a quarterly dividend of $1.145 per share on its cumulative preferred stock, payable in January 2026. Furthermore, the same subsidiary has secured a $120 million term loan agreement with a group of lenders, with U.S. Bank National Association acting as the administrative