In analyst updates, Mizuho (NYSE: MFG ) Securities and Evercore ISI raised their price targets for TXNM Energy, while Scotiabank (TSX: BNS ) and Jefferies initiated coverage on the company's shares. TXNM Energy also reported significant changes in its governance and executive compensation, expanding its board to eleven members and appointing Joseph D. Tarry as the new director. Tarry's salary increased to $725,000, with a target annual cash incentive award opportunity of 90% of his base salary. Furthermore, TXNM Energy announced the retirement of CFO Elisabeth A. Eden, no sooner than March 15, 2025, and appointed Brian G. Iverson as the new General Counsel. Lastly, the company's subsidiary, Texas-New Mexico Power, reached a settlement in its System Resiliency Plan, reflecting a significant investment in energy infrastructure. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.