TXNM Energy, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. The company is headquartered in Albuquerque, New Mexico and currently employs 1,600 full-time employees. The firm delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Texas-New Mexico Power Company (TNMP) and Public Service Company of New Mexico (PNM). Its segments include PNM, TNMP, and Corporate and other. The PNM segment provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico. The segment also includes the generation and sale of electricity into the wholesale market. The TNMP segment provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP’s service area. The segment also provides transmission services at regulated rates to other utilities that interconnect with TNMP’s facilities. The Corporate and Other segment includes TXNM holding company activities.
Follow-Up Questions
What is TXNM Energy Inc (TXNM)'s P/E Ratio?
The P/E ratio of TXNM Energy Inc is 24.6988
Who is the CEO of TXNM Energy Inc?
Mr. Joseph Tarry is the President of TXNM Energy Inc, joining the firm since 2015.
What is the price performance of TXNM stock?
The current price of TXNM is $56.9, it has decreased 0% in the last trading day.
What are the primary business themes or industries for TXNM Energy Inc?
TXNM Energy Inc belongs to Utilities industry and the sector is Utilities
What is TXNM Energy Inc market cap?
TXNM Energy Inc's current market cap is $5.9B
Is TXNM Energy Inc a buy, sell, or hold?
According to wall street analysts, 9 analysts have made analyst ratings for TXNM Energy Inc, including 3 strong buy, 5 buy, 4 hold, 0 sell, and 3 strong sell
