TXNM Energy Shareholders Strongly Endorse Blackstone Infrastructure Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Source: Yahoo Finance
Shareholder Approval: TXNM Energy shareholders voted 99.6% in favor of the acquisition by Blackstone Infrastructure, with each share valued at $61.25 in cash.
Regulatory Approvals: The acquisition is pending regulatory approvals from various commissions including the New Mexico Public Regulation Commission and the Federal Energy Regulatory Commission.
Expected Closing Timeline: TXNM Energy anticipates the acquisition will close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Company Overview: TXNM Energy is an energy holding company based in Albuquerque, serving over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities.
Analyst Views on TXNM
Wall Street analysts forecast TXNM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TXNM is 61.25 USD with a low forecast of 61.25 USD and a high forecast of 61.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 59.030
Low
61.25
Averages
61.25
High
61.25
Current: 59.030
Low
61.25
Averages
61.25
High
61.25
About TXNM
TXNM Energy, Inc. is an energy holding company. The Company delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Texas-New Mexico Power Company (TNMP) and Public Service Company of New Mexico (PNM). Its segments include PNM, TNMP, and Corporate and other. The PNM segment provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico. The segment also includes the generation and sale of electricity into the wholesale market. The TNMP segment provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP’s service area. The segment also provides transmission services at regulated rates to other utilities that interconnect with TNMP’s facilities. The Corporate and Other segment includes TXNM holding company activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
