TXNM Energy ( (TXNM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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TXNM Energy’s stock movement has been influenced by contrasting analyst opinions and insider actions. Barclays has reduced its price target to $49, anticipating earnings guidance for fiscal 2025 to match recent trends. On the other hand, Scotiabank and Citi have raised their targets to $52 and $53, respectively, reflecting a more optimistic view on the company’s future. This divergence in outlooks may be due to TXNM’s recent actions, such as increasing dividends and executive pay. However, insider selling, notably by Director Norman P. Becker, has cast a shadow, contributing to negative sentiment. Despite these mixed signals, analysts still generally recommend a Moderate Buy for the stock.
More about TXNM Energy
YTD Price Performance: -0.82%
Average Trading Volume: 791,017
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.26B
For further insights into TXNM stock on TipRanks’ Stock Analysis page.
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