TXNM Energy, Inc. TXNM

At its regular meeting held today, the Board of Directors of TXNM Energy, Inc. (NYSE: TXNM) declared the regular quarterly dividend of $0.4225 per share on the company's common stock. The dividend is payable November 13, 2026, to shareholders of record at the close of business October 23, 2026.

The latest Federal Reserve interest rate increase has raised funding costs for capital intensive power projects, putting TXNM Energy (TXNM) under a fresh spotlight as it pursues its Texas and New Mexico grid investment plan. Recent trading has been steady rather than dramatic, with TXNM Energy’s share price edging higher over the past month while easing slightly in the latest session. A 1-year total shareholder return of 6.33% sits on top of a 44.31% three-year total shareholder return, which...

When the world’s largest private equity firm announced last year it had plans to acquire Public Service Company of New Mexico, some people began pondering an alternative: What if the state purchased PNM instead? Lately, the question has turned into a less ambitious one: Could the state just make an investment? With the public furor around a Blackstone takeover of PNM parent company TXNM Energy ...

A private equity firm and New Mexico’s largest electric utility have set out to sweeten their proposed merger deal, more than doubling customers’ potential rate credits. Blackstone and TXNM Energy on Tuesday filed a request to the New Mexico Public Regulation Commission to revise their merger application to reflect the rate credit hike and several other new commitments. The changes would ...

Public Service Company of New Mexico, the state’s largest utility, and Blackstone Infrastructure, the company looking to purchase PNM, more than doubled the amount of rate credits they will provide to ratepayers if the deal closes. The proposed $11.5 billion merger between the state’s largest electric utility and a unit of one of the world’s largest private equity firms, Blackstone Inc., faced ...

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index and the State St

TXNM Energy, the parent company of PNM, and Blackstone Infrastructure today announced they have filed a motion with the NMPRC seeking authorization to file a revised version of their merger application. The motion included a draft of the revised application that would deliver $300 million in customer and community benefits as part of Blackstone Infrastructure's proposed acquisition of TXNM Energy.

TXNM unwound a Blackstone stock sale ruled illegal, but the state Department of Justice is seeking more information related to potential indirect costs to PNM ratepayers.

TXNM Energy, Inc. (NYSE:TXNM) priced an underwritten offering of 7,079,646 common shares at $56.50 each, producing approximately $400 million in gross proceeds. The offering was expected to close on or about September 2, subject to customary conditions. TXNM Energy, Inc. (NYSE:TXNM) expects approximately $396 million in net proceeds and intends to apply them to the […]

TXNM Energy, Inc. ("TXNM Energy") (NYSE: TXNM) announced today that it has priced an underwritten public offering of 7,079,646 shares of its common stock, no par value, at a public offering price of $56.50 per share for approximate gross proceeds of approximately $400 million, before deducting the underwriting discount and estimated offering expenses payable by TXNM Energy.

TXNM Energy, Inc. ("TXNM Energy") (NYSE: TXNM) announced today the commencement of an underwritten public offering of $400.0 million of shares of its common stock, no par value. All of the shares are being offered by TXNM Energy. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.

In the proposed private equity buyout of Public Service Company of New Mexico, the question of who is poised to own the state’s largest electric utility is difficult to answer. Officials with Blackstone Infrastructure, the prospective owner of PNM parent company TXNM Energy Inc., have declined to provide information on the investors in its funds. Recent federal regulatory filings offer some ...

The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable October 15, 2026, to shareholders of record at the close of business September 30, 2026.

Blackstone stock has delivered a strong 66.2% return over the past three years, yet current checks suggest the shares are trading at a premium to what the intrinsic value estimate and earnings multiples indicate. Over the last three years, Blackstone has returned 66.2%, which keeps longer term holders in profit even though more recent returns have been weaker. Fresh commitments to areas like AI focused data centers and energy transition assets can support long term cash flow expectations,...

If service deteriorates or prices rise, residents are largely left without another option.