NYSE:TXNMElectric Utilities
TXNM Energy (TXNM) Valuation Check After Rebrand And Elevated P/E Versus Utility Peers
TXNM Energy: recent performance and business profile
TXNM Energy (TXNM) has attracted fresh attention after rebranding from PNM Resources in August 2024. This change has prompted investors to reassess the stock using its regulated utility footprint in Texas and New Mexico.
The company reports US$2,187.8m in revenue and US$146.2m in net income. Its operations are focused on regulated electricity generation, transmission and distribution across residential, commercial and industrial...