TXNM

TXNM Energy, Inc. (NYSE:TXNM) is a regulated electric utility company founded in 1882 and headquartered in Albuquerque, New Mexico. The company was formerly known as PNM Resources, Inc. until it changed its name to TXNM Energy in August 2024 to better reflect its dual-state operations. TXNM Energy operates through two primary regulated utility subsidiaries that provide electricity generation, transmission, and distribution services to residential, commercial, and industrial customers across New Mexico and Texas. The company has been publicly traded since 1973 and is currently undergoing a significant transformation toward clean energy while experiencing substantial load growth, particularly in Texas.