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TXNM

TXNM Energy, Inc.

Utilities · $6.5B market cap

Verdict

Share price

$58.41

close of Oct 3, 2026

Fair value

$52.82

Sticker Price

Payback Price

$21.13

buy price

Overpriced

TXNM is Overpriced: at $58.41 it trades 11% above its fair value of $52.82. Its buy price (Payback Price) is $21.13, 64% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. A regulated utility with a steady dividend record, so we value it on the dividends it pays.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth7.5% a year✗
Equity per share growth5.9% a year✗
Sales growth6.7% a year✗
Free cash flow growth—?
Return on invested capital5.6%✗

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Insider activity

Since Aug 14, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

COLLAWN PATRICIA K

EXECUTIVE CHAIR · 2026-08-14

Award

739 shares

About TXNM Energy, Inc.

TXNM Energy, Inc., through its various subsidiaries, supplies electricity and related services across the United States. Its operations are organized into two main divisions: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment is responsible for producing, transmitting, and distributing electrical energy. This division either owns or leases essential assets…

Regulated Electric

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works