TXNM Energy, Inc.
boothcheck covers TXNM Energy, Inc. (TXNM) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 11, 2026.
• TXNM Energy is a regulated electric utility (PNM in New Mexico, TNMP in Texas) that has agreed to be acquired by Blackstone Infrastructure for $61.25 per share in cash, an $11.5 billion enterprise-value deal signed May 18, 2025 [Source: Blackstone/TXNM merger announcement, May 2025], which makes the price a bet on that deal closing rather than on standalone earnings. • The chief risk is the last mile of regulatory approval: FERC, the Texas PUCT, the FCC, and shareholders have signed off, but t
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367 institutional managers reported holding TXNM in 13F filings for the quarter ended 2026-03-31. 41 opened new positions that quarter. Held by BlackRock, Vanguard Group, Blackstone, among others. On the short side, 6.6M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TXNM's share count grew 27.6% over the past five years even with $43.62M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 14 years straight; the current rate is $1.65 a share annually. Cash returned over the past three years: $413.21M in dividends and $25.84M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at TXNM over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TXNM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -0.3% | -1.5% |
| 2023-10-28 | -1.9% | -3.2% |
| 2024-03-01 | +6.3% | +2.6% |
| 2024-05-04 | +0.8% | -4.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TXNM's latest 8-K filings: 2026-07-31 (items 2.02, 9.01); 2026-07-21 (items 1.01, 2.03, 9.01); 2026-07-20 (items 1.01, 2.03, 7.01); 2026-07-06 (items 8.01); 2026-06-11 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.