Private equity firm Blackstone reached an agreement Monday to purchase TXNM Energy, in an $11.5 billion deal that reinforces investors’ enthusiasm for utilities as electricity demand rises.

Including debt and preferred stock, the deal values the parent of PNM and TNMP at about $11.5 billion. It is expected to close in the second half of 2026.

We recently published a list of 10 Stocks That Stole the Show Today. In this article, we are going to take a look at where TXNM Energy Inc. (NYSE:TXNM) stands against other stocks that stole the show today.

TXNM Energy has appointed Henry Monroy to the role of chief financial officer. Monroy has been with Albuquerque, N.M.-based energy holding company since 2003, most recently service as vice president of PNM Regulatory.

Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter.

TXNM Energy Inc., the parent company of Public Service Company of New Mexico, which serves some 550,000 customers, formally announced the $11.5 billion acquisition Monday morning. TXNM officials said in a news release that board members unanimously approved the acquisition agreement.

TXNM Energy, Inc. (NYSE:TXNM) shares are trading higher premarket on Monday after the company agreed to be acquired by Blackstone Infrastructure for $61.25 per share in cash at closing. The acquisition price represents a 23.