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An update from TXNM Energy ( (TXNM) ) is now available.
On May 18, 2025, TXNM Energy announced an agreement to be acquired by Blackstone Infrastructure for $61.25 per share, valuing the company at $11.5 billion. The merger, expected to close in the second half of 2026, aims to provide long-term capital to support TXNM’s growth in New Mexico and Texas. TXNM will remain locally managed, with commitments to retain its workforce and honor union agreements. The transaction has been unanimously approved by TXNM’s board and awaits regulatory approvals. The acquisition is expected to enhance TXNM’s infrastructure investments and align with its long-term financing strategy, benefiting stakeholders and supporting economic development in the region.
The most recent analyst rating on (TXNM) stock is a Hold with a $45.00 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 strong profitability growth and strategic investments, balanced by the challenges of high leverage and negative cash flow. Technical indicators show stability, while the recent 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 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. The company focuses on meeting critical electricity infrastructure needs and supporting New Mexico’s clean energy goals and Texas’s growth.
Average Trading Volume: 1,191,994
Technical Sentiment Signal: Buy
Current Market Cap: $4.9B
Find detailed analytics on TXNM stock on TipRanks’ Stock Analysis page.