Why Blackstone Group Stock Skyrocketed by Nearly 7% on Monday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
0mins
Should l Buy TXNM?
Source: NASDAQ.COM
Blackstone's Potential Acquisition: Blackstone Group is reportedly in advanced discussions to acquire TXNM Energy, New Mexico's largest utility company, which has led to a significant rise in its stock price.
Market Interest and AI Demand: The interest in acquiring TXNM is fueled by the growing demand for electricity driven by advancements in artificial intelligence, positioning Blackstone to capitalize on this trend.
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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.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 58.990
Low
61.25
Averages
61.25
High
61.25
Current: 58.990
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.
TXNM Energy Acquisition Approved by Texas Commission
- Acquisition Approval: TXNM Energy's acquisition has been approved by the Texas Public Utility Commission, confirming that the deal is in the public interest and committing $45 million in rate credits to customers, enhancing the company's competitive position in the market.
- Capital Expenditure Plans: The transaction includes commitments to fund the company's five-year capital expenditure plans, which are expected to drive future business growth and infrastructure improvements, further solidifying TXNM's market position.
- Shareholder Support: TXNM Energy shareholders overwhelmingly supported the merger in August 2025, demonstrating market confidence in the deal and laying the groundwork for subsequent federal and state approvals.
- Technical Analysis: Currently, TXNM's stock is trading 0.2% below its 20-day simple moving average but 1.8% above its 100-day moving average, indicating strong long-term market performance, although facing some selling pressure in the short term.
See More
Texas Public Utility Commission Approves TNMP Acquisition by Blackstone
- Acquisition Approval: The Texas Public Utility Commission unanimously approved the acquisition of Texas-New Mexico Power Company (TNMP) by Blackstone Infrastructure, confirming that the deal serves the public interest and is expected to provide $45 million in rate credits to customers, enhancing client trust and satisfaction.
- Governance and Oversight: The settlement includes strong governance structures and local oversight measures to ensure operational transparency and compliance post-acquisition, while also imposing dividend restrictions and financial protections to safeguard investor interests and mitigate risks.
- Capital Expenditure Commitment: Blackstone has committed to support TNMP's five-year capital expenditure plans, which are anticipated to drive infrastructure investments in Texas and New Mexico, fostering local economic development and improving service quality.
- Regulatory Approval Progress: The acquisition has received approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, with further approvals needed from the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission to ensure the transaction's completion.
See More
Texas Public Utility Commission Approves TXNM Energy Acquisition by Blackstone
- Acquisition Settlement: The Texas Public Utility Commission unanimously approved the acquisition of TXNM Energy by Blackstone Infrastructure, confirming that the deal serves the public interest and is expected to provide $45 million in rate credits to customers, thereby enhancing the company's market position in Texas.
- Governance and Protections: The settlement includes strong governance structures and local oversight mechanisms, ensuring customer and regulatory protections while imposing dividend restrictions, enhancing financial security, and committing to fund the company's five-year capital expenditure plans.
- Regulatory Approval Progress: The acquisition has received approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, indicating smooth progress of the transaction and bolstering investor confidence.
- Community Commitment: TXNM Energy has committed to continue supporting the development of Texas communities, ensuring local control and workforce protections, which reflects the company's focus on local economies and aims to enhance market share through improved customer relationships.
See More
Athos Capital Acquires 142,842 Shares of TXNM Energy Worth $8.08 Million
- New Investment Position: Athos Capital disclosed ownership of 142,842 shares of TXNM Energy valued at $8.08 million as of September 30, representing 5.06% of its $159.62 million reportable U.S. equity assets, indicating confidence in the company's prospects.
- Strong Market Performance: TXNM Energy shares are priced at $58.92, reflecting a 23% increase over the past year, outperforming the S&P 500's 16% growth, which underscores its competitive position in the electricity market.
- Stable Financial Performance: The company's recent GAAP earnings came in at $1.22 per share, with ongoing earnings of $1.33, supported by approved rate increases in New Mexico and transmission recovery in Texas, demonstrating stable cash flows.
- Infrastructure Investment: TXNM Energy is heavily investing in grid infrastructure and energy storage, including a $78 million battery project tied to existing solar assets, aimed at enhancing service reliability and supporting future growth.
See More
Athos Capital Acquires 142,842 Shares of TXNM Energy Worth $8.08 Million
- New Investment Position: Athos Capital acquired 142,842 shares of TXNM Energy in Q3, investing $8.08 million, which represents 5.06% of the fund's assets, indicating confidence in the company's future performance.
- Asset Management Scale: This acquisition increases Athos Capital's reportable assets to $159.62 million, enhancing the diversity of its investment portfolio in the electric utility sector.
- Market Performance: TXNM Energy shares are currently priced at $58.92, reflecting a 23% increase over the past year, outperforming the S&P 500's 16% gain, showcasing its competitive edge and investment appeal.
- Operational Stability: TXNM Energy reported GAAP earnings of $1.22 per share and ongoing earnings of $1.33 in Q3, supported by approved rate increases in New Mexico and transmission recovery in Texas, demonstrating stable cash flows and a solid business foundation.
See More
TXNM Energy and Blackstone Reach Acquisition Settlement
- Acquisition Settlement: TXNM Energy and Blackstone Infrastructure have reached a unanimous agreement for Blackstone to acquire all outstanding common stock of TXNM Energy, pending approval from the Public Utility Commission of Texas, indicating strong confidence in the transaction.
- Stakeholder Involvement: The settlement includes participation from the PUCT staff, Texas Industrial Energy Consumers, Office of Public Utility Counsel, cities served by TNMP, Walmart, and Texas Energy Association for Marketers, reflecting broad support from key stakeholders.
- Hearing Cancellation: The PUCT hearings scheduled for December 15, 2025, have been canceled, which may expedite the transaction process and reduce uncertainty surrounding the deal.
- Market Impact: TXNM Energy serves over 800,000 homes and businesses across Texas and New Mexico, and if the transaction is successful, it will further solidify its market position and enhance investor confidence.
See More
TXNM Energy Acquisition Approved by Texas Commission
- Acquisition Approval: TXNM Energy's acquisition has been approved by the Texas Public Utility Commission, confirming that the deal is in the public interest and committing $45 million in rate credits to customers, enhancing the company's competitive position in the market.
- Capital Expenditure Plans: The transaction includes commitments to fund the company's five-year capital expenditure plans, which are expected to drive future business growth and infrastructure improvements, further solidifying TXNM's market position.
- Shareholder Support: TXNM Energy shareholders overwhelmingly supported the merger in August 2025, demonstrating market confidence in the deal and laying the groundwork for subsequent federal and state approvals.
- Technical Analysis: Currently, TXNM's stock is trading 0.2% below its 20-day simple moving average but 1.8% above its 100-day moving average, indicating strong long-term market performance, although facing some selling pressure in the short term.
See More
Texas Public Utility Commission Approves TNMP Acquisition by Blackstone
- Acquisition Approval: The Texas Public Utility Commission unanimously approved the acquisition of Texas-New Mexico Power Company (TNMP) by Blackstone Infrastructure, confirming that the deal serves the public interest and is expected to provide $45 million in rate credits to customers, enhancing client trust and satisfaction.
- Governance and Oversight: The settlement includes strong governance structures and local oversight measures to ensure operational transparency and compliance post-acquisition, while also imposing dividend restrictions and financial protections to safeguard investor interests and mitigate risks.
- Capital Expenditure Commitment: Blackstone has committed to support TNMP's five-year capital expenditure plans, which are anticipated to drive infrastructure investments in Texas and New Mexico, fostering local economic development and improving service quality.
- Regulatory Approval Progress: The acquisition has received approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, with further approvals needed from the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission to ensure the transaction's completion.
See More
Texas Public Utility Commission Approves TXNM Energy Acquisition by Blackstone
- Acquisition Settlement: The Texas Public Utility Commission unanimously approved the acquisition of TXNM Energy by Blackstone Infrastructure, confirming that the deal serves the public interest and is expected to provide $45 million in rate credits to customers, thereby enhancing the company's market position in Texas.
- Governance and Protections: The settlement includes strong governance structures and local oversight mechanisms, ensuring customer and regulatory protections while imposing dividend restrictions, enhancing financial security, and committing to fund the company's five-year capital expenditure plans.
- Regulatory Approval Progress: The acquisition has received approval from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, indicating smooth progress of the transaction and bolstering investor confidence.
- Community Commitment: TXNM Energy has committed to continue supporting the development of Texas communities, ensuring local control and workforce protections, which reflects the company's focus on local economies and aims to enhance market share through improved customer relationships.
See More
Athos Capital Acquires 142,842 Shares of TXNM Energy Worth $8.08 Million
- New Investment Position: Athos Capital disclosed ownership of 142,842 shares of TXNM Energy valued at $8.08 million as of September 30, representing 5.06% of its $159.62 million reportable U.S. equity assets, indicating confidence in the company's prospects.
- Strong Market Performance: TXNM Energy shares are priced at $58.92, reflecting a 23% increase over the past year, outperforming the S&P 500's 16% growth, which underscores its competitive position in the electricity market.
- Stable Financial Performance: The company's recent GAAP earnings came in at $1.22 per share, with ongoing earnings of $1.33, supported by approved rate increases in New Mexico and transmission recovery in Texas, demonstrating stable cash flows.
- Infrastructure Investment: TXNM Energy is heavily investing in grid infrastructure and energy storage, including a $78 million battery project tied to existing solar assets, aimed at enhancing service reliability and supporting future growth.
See More
Athos Capital Acquires 142,842 Shares of TXNM Energy Worth $8.08 Million
- New Investment Position: Athos Capital acquired 142,842 shares of TXNM Energy in Q3, investing $8.08 million, which represents 5.06% of the fund's assets, indicating confidence in the company's future performance.
- Asset Management Scale: This acquisition increases Athos Capital's reportable assets to $159.62 million, enhancing the diversity of its investment portfolio in the electric utility sector.
- Market Performance: TXNM Energy shares are currently priced at $58.92, reflecting a 23% increase over the past year, outperforming the S&P 500's 16% gain, showcasing its competitive edge and investment appeal.
- Operational Stability: TXNM Energy reported GAAP earnings of $1.22 per share and ongoing earnings of $1.33 in Q3, supported by approved rate increases in New Mexico and transmission recovery in Texas, demonstrating stable cash flows and a solid business foundation.
See More
TXNM Energy and Blackstone Reach Acquisition Settlement
- Acquisition Settlement: TXNM Energy and Blackstone Infrastructure have reached a unanimous agreement for Blackstone to acquire all outstanding common stock of TXNM Energy, pending approval from the Public Utility Commission of Texas, indicating strong confidence in the transaction.
- Stakeholder Involvement: The settlement includes participation from the PUCT staff, Texas Industrial Energy Consumers, Office of Public Utility Counsel, cities served by TNMP, Walmart, and Texas Energy Association for Marketers, reflecting broad support from key stakeholders.
- Hearing Cancellation: The PUCT hearings scheduled for December 15, 2025, have been canceled, which may expedite the transaction process and reduce uncertainty surrounding the deal.
- Market Impact: TXNM Energy serves over 800,000 homes and businesses across Texas and New Mexico, and if the transaction is successful, it will further solidify its market position and enhance investor confidence.
See More
