TXNM TXNM Energy, Inc.

The latest Federal Reserve interest rate increase has raised funding costs for capital intensive power projects, putting TXNM Energy (TXNM) under a fresh spotlight as it pursues its Texas and New Mexico grid investment plan. Recent trading has been steady rather than dramatic, with TXNM Energy’s share price edging higher over the past month while easing slightly in the latest session. A 1-year total shareholder return of 6.33% sits on top of a 44.31% three-year total shareholder return, which...

When the world’s largest private equity firm announced last year it had plans to acquire Public Service Company of New Mexico, some people began pondering an alternative: What if the state purchased PNM instead? Lately, the question has turned into a less ambitious one: Could the state just make an investment? With the public furor around a Blackstone takeover of PNM parent company TXNM Energy ...

Higher rates pressure renewable-energy projects, but MNTK, CEG and TXNM appear better positioned to absorb the impact.

A private equity firm and New Mexico’s largest electric utility have set out to sweeten their proposed merger deal, more than doubling customers’ potential rate credits. Blackstone and TXNM Energy on Tuesday filed a request to the New Mexico Public Regulation Commission to revise their merger application to reflect the rate credit hike and several other new commitments. The changes would ...

Public Service Company of New Mexico, the state’s largest utility, and Blackstone Infrastructure, the company looking to purchase PNM, more than doubled the amount of rate credits they will provide to ratepayers if the deal closes. The proposed $11.5 billion merger between the state’s largest electric utility and a unit of one of the world’s largest private equity firms, Blackstone Inc., faced ...

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index and the State St

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index and the State St

TXNM unwound a Blackstone stock sale ruled illegal, but the state Department of Justice is seeking more information related to potential indirect costs to PNM ratepayers.

TXNM Energy, Inc. (NYSE:TXNM) priced an underwritten offering of 7,079,646 common shares at $56.50 each, producing approximately $400 million in gross proceeds. The offering was expected to close on or about September 2, subject to customary conditions. TXNM Energy, Inc. (NYSE:TXNM) expects approximately $396 million in net proceeds and intends to apply them to the […]

In the proposed private equity buyout of Public Service Company of New Mexico, the question of who is poised to own the state’s largest electric utility is difficult to answer. Officials with Blackstone Infrastructure, the prospective owner of PNM parent company TXNM Energy Inc., have declined to provide information on the investors in its funds. Recent federal regulatory filings offer some ...

Blackstone stock has delivered a strong 66.2% return over the past three years, yet current checks suggest the shares are trading at a premium to what the intrinsic value estimate and earnings multiples indicate. Over the last three years, Blackstone has returned 66.2%, which keeps longer term holders in profit even though more recent returns have been weaker. Fresh commitments to areas like AI focused data centers and energy transition assets can support long term cash flow expectations,...

Following New Mexico utility regulators’ ruling last month voiding what they deemed an illegal TXNM Energy stock sale to a private equity firm proposing an $11.5 billion takeover, TXNM faces more allegations from consumer and environmental advocates. Groups have called for more scrutiny into dealings by TXNM, the parent company of Public Service Company of New Mexico, which was ordered by ...

An Albuquerque nonprofit wants TXNM Energy Inc. to dole out $240 million in rate credits to customers after state regulators voided a $400 million sale in the utility company’s stock to Blackstone Inc. In a Monday filing with the Public Regulation Commission, Albuquerque-based Prosperity Works cites a $350 million termination fee baked into an agreement for private equity firm Blackstone Inc. ...

TXNM Energy Inc (NYSE:TXNM) recently announced a total dividend of $0.42 per share, with the ex-dividend date set for 2026-08-03. This includes a $0.42 per share cash dividend payable on 2026-08-14. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates.

Proposals by private equity firms to purchase New Mexico’s largest electric and gas utilities have sparked a question by opponents of those deals. Before the state Public Regulation Commission is a request by Blackstone Inc. to purchase TXNM Energy Inc. for $11.5 billion. The commission’s three members have yet to approve or deny the merger. TXNM is the parent company of PNM, the state’s ...

The world’s largest private equity firm made more than $13 million in a stock transaction that was deemed illegal by New Mexico utility regulators. A report submitted this week to the state Public Regulation Commission shows the dividends flowed from the purchase of $400 million in TXNM Energy stock last year by a holding company owned by Blackstone as part of the private equity giant’s bid to ...

TXNM Energy Inc. and the private equity firm looking to buy it said Friday that they extended the terms of their merger agreement, a sign of confidence in the proposed $11.5 billion deal just two weeks after it faced a major regulatory setback. That rebuke came in the form of a 2-1 vote by the state Public Regulation Commission earlier this month, when regulators ordered TXNM and Blackstone ...

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