TXNM Energy Announces Marketing of Junior Subordinated Notes

TXNM Energy ( (TXNM) ) has issued an update.

On December 2, 2025, TXNM Energy, Inc. announced the commencement of marketing for a potential offering of fixed-to-fixed reset rate junior subordinated notes to institutional buyers and non-U.S. persons. The company is also evaluating a pension risk transfer transaction that could transfer up to $100 million of pension obligations from the PNM Resources, Inc. Employees’ Retirement Plan. This transaction, if completed, would result in a non-cash charge to net income of approximately $65 million. However, there is no assurance that either the notes offering or the pension transfer will be completed.

The most recent analyst rating on (TXNM) stock is a Hold with a $60.00 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 Neutral.

TXNM Energy’s overall stock score reflects solid financial performance with strong revenue growth and improved debt management. However, challenges such as declining net profit margins, negative free cash flow, and a high P/E ratio weigh on the score. The technical indicators suggest a positive trend, but the overbought condition indicates caution. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.

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

More about TXNM Energy

TXNM Energy, Inc. operates in the energy sector, with a focus on providing energy solutions through its subsidiary, Public Service Company of New Mexico (PNM). The company is involved in energy distribution and management, with a market focus on institutional buyers and international markets.

Average Trading Volume: 804,946

Technical Sentiment Signal: Buy

Current Market Cap: $6.36B

For a thorough assessment of TXNM stock, go to TipRanks’ Stock Analysis page.