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NYSE: TXNM
Txnm Energy (TXNM) stock, explained like you're 5
Txnm Energy trades on the New York Stock Exchange under the ticker TXNM. It is a mid cap company in the central industry, part of the utilities sector, with a market value of about 6.5 billion dollars.
- Ticker
- TXNM
- Exchange
- New York Stock Exchange
- Sector
- Utilities
- Industry
- Central
- Size
- Mid cap, about 6.5 billion dollars
Is Txnm Energy a small, medium or large cap company?
No. Txnm Energy is a mid cap stock, not a large cap. Its market cap, which is the total value of all its shares, is about 6.5 billion dollars.
Here is how you can tell. Multiply the share price by the number of shares to get the market cap, then compare it to the usual sizes. Micro cap is under 300 million dollars, small cap is 300 million to 2 billion, mid cap is 2 to 10 billion, large cap is 10 billion and up, and mega cap is over 200 billion. Market caps move every day with the share price, so treat the number as a recent snapshot.
How Txnm Energy makes money
- Delivering electricity, gas or water to homes and businesses.
- Rates approved by regulators.
- Growing clean energy projects.
What moves TXNM stock
- Interest rates, since utilities carry a lot of debt.
- Decisions by regulators on prices.
- Weather and demand for power.
In the news lately
- PRC examiners won’t probe sale of TXNM stock to Zimmer (Yahoo Finance)
- PRC examiners let TXNM Blackstone merger move forward (Albuquerque Journal)
- TXNM Energy set note conversion terms for TXNM Energy stock (ad-hoc-news.de)
- Blackstone TXNM deal faces fresh questions from New Mexico DOJ (Utility Dive)
- Critics call for more scrutiny of TXNM Blackstone deal after voided stock deal (Santa Fe New Mexican)
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Questions about Txnm Energy stock
What does Txnm Energy do?
Txnm Energy trades on the New York Stock Exchange under the ticker TXNM. It is a mid cap company in the central industry, part of the utilities sector, with a market value of about 6.5 billion dollars.
What is the ticker symbol for Txnm Energy?
Txnm Energy trades under the ticker TXNM on the New York Stock Exchange.
What is Txnm Energy's market cap?
Txnm Energy is a mid cap stock with a market cap of about 6.5 billion dollars.
How does Txnm Energy make money?
Delivering electricity, gas or water to homes and businesses. Rates approved by regulators. Growing clean energy projects.
What moves TXNM stock?
Interest rates, since utilities carry a lot of debt. Decisions by regulators on prices. Weather and demand for power.
How can I follow TXNM stock every day?
Add TXNM to your watchlist on Metric Finance. We post a free brief every trading day at 5 PM ET that explains what happened to the stocks you follow, in simple words.
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Educational information, not financial advice. This guide explains the business in general terms and does not include live prices.