TXNM Energy Announces Leadership Transition and Shareholder Meeting

TXNM Energy ( (TXNM) ) just unveiled an update.

On May 13, 2025, TXNM Energy‘s Board of Directors announced a leadership transition, effective July 1, 2025, with Patricia K. Collawn moving to Executive Chairman and Joseph D. Tarry assuming the roles of Chief Executive Officer and President. This transition is part of a long-standing succession plan, with Collawn having significantly advanced TXNM’s focus on regulated utilities and clean energy goals, achieving 72% carbon-free generation capacity by 2024. Additionally, TXNM held its Annual Meeting of Shareholders on May 13, 2025, where several directors were elected for a one-year term, KPMG LLP was ratified as independent public accountants, and the compensation of TXNM’s NEOs was approved.

The most recent analyst rating on (TXNM) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on TXNM Energy stock, see the TXNM Stock Forecast page.

Spark’s Take on TXNM Stock

According to Spark, TipRanks’ AI Analyst, TXNM is a Outperform.

TXNM Energy’s overall stock score is supported by its strong profitability growth and strategic investments, as indicated by its financial performance and positive earnings call. However, high leverage and cash flow challenges are notable risks. The stock’s fair valuation and stable technical indicators offer additional support, presenting a balanced investment opportunity with moderate risks and potential for long-term growth.

To see Spark’s full report on TXNM stock, click here.

More about TXNM Energy

TXNM Energy is an energy holding company based in Albuquerque, New Mexico, providing energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.

Average Trading Volume: 1,146,992

Technical Sentiment Signal: Buy

Current Market Cap: $4.91B

For an in-depth examination of TXNM stock, go to TipRanks’ Stock Analysis page.