TXNM Energy Enters Stock Purchase Agreement with Zimmer

An update from TXNM Energy ( (TXNM) ) is now available.

On June 24, 2025, TXNM Energy entered into a Stock Purchase Agreement with Zimmer Partners and other purchasers to issue 3,615,003 shares of common stock for approximately $200 million. The proceeds will be used for general corporate purposes. The agreement includes provisions for voting on a merger with Troy ParentCo LLC, making TXNM a wholly-owned subsidiary of Blackstone Infrastructure Partners’ affiliate. The shares will be listed on the NYSE, and there are restrictions on their sale until August 15, 2025.

The most recent analyst rating on (TXNM) stock is a Hold with a $46.00 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 score reflects strong profitability growth and strategic investments, balanced by the challenges of high leverage and negative cash flow. Technical indicators show stability, while recent corporate events like the acquisition and rate approvals improve the outlook. Valuation remains fair, 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, Inc. operates in the energy sector, focusing on providing energy solutions and services. The company is involved in various corporate activities, including mergers and stock issuance, to enhance its market position and operational capabilities.

Average Trading Volume: 1,444,236

Technical Sentiment Signal: Buy

Current Market Cap: $5.23B

Learn more about TXNM stock on TipRanks’ Stock Analysis page.