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TXNM Energy ( (TXNM) ) has provided an announcement.
On August 28, 2025, TXNM Energy shareholders overwhelmingly approved the acquisition by Blackstone Infrastructure Partners at a special meeting, with 99.6% of the votes in favor. This approval allows TXNM shareholders to receive $61.25 in cash per share, and the acquisition is expected to close in the second half of 2026, pending regulatory approvals from various commissions and departments.
The most recent analyst rating on (TXNM) stock is a Hold with a $62.00 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 score reflects strong revenue growth and strategic investments, tempered by high leverage and cash flow challenges. The stock’s technical indicators suggest moderate bullish momentum, while its high valuation could limit upside potential. Positive earnings call sentiment and strategic corporate events support the score.
To see Spark’s full report on TXNM stock, click here.
More about TXNM Energy
TXNM Energy (NYSE: TXNM) is an energy holding company based in Albuquerque, New Mexico, delivering energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.
Average Trading Volume: 1,252,544
Technical Sentiment Signal: Buy
Current Market Cap: $5.97B
For an in-depth examination of TXNM stock, go to TipRanks’ Overview page.