Barclays analyst Nicholas Campanella maintained a Buy rating on TXNM Energy (TXNM – Research Report) today and set a price target of $57.00. The company’s shares closed yesterday at $52.82.
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Campanella covers the Utilities sector, focusing on stocks such as Edison International, Northwestern, and TXNM Energy. According to TipRanks, Campanella has an average return of 8.7% and a 63.94% success rate on recommended stocks.
In addition to Barclays, TXNM Energy also received a Buy from Jefferies’s Julien Dumoulin Smith in a report issued on March 13. However, on March 12, Scotiabank maintained a Hold rating on TXNM Energy (NYSE: TXNM).
Based on TXNM Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $476.96 million and a net profit of $15.85 million. In comparison, last year the company earned a revenue of $412.11 million and had a GAAP net loss of $50.1 million
Read More on TXNM:
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