Sifting through countless of stocks in the Electric Utilities industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy or Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc.

Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

Latest Electric Utilities and Hawaiian Electric Industries, Inc., TXNM Energy, Inc. Stock News

As of August 20, 2026, Hawaiian Electric Industries, Inc. had a $2.0 billion market capitalization, compared to the Electric Utilities median of $18.0 million. Hawaiian Electric Industries, Inc.’s stock is down 6.2% in 2026, down 1.7% in the previous five trading days and up 1.4% in the past year.

Currently, Hawaiian Electric Industries, Inc.’s price-earnings ratio is 9.0. Hawaiian Electric Industries, Inc.’s trailing 12-month revenue is $3.3 billion with a 6.8% net profit margin. Year-over-year quarterly sales growth most recently was 25.9%. Analysts expect adjusted earnings to reach $0.824 per share for the current fiscal year. Hawaiian Electric Industries, Inc. does not currently pay a dividend.

As of August 20, 2026, TXNM Energy, Inc. had a $5.9 billion market cap, putting it in the 70th percentile of all stocks. TXNM Energy, Inc.’s stock is down 2.6% in 2026, down 0.1% in the previous five trading days and up 1.39% in the past year.

Currently, TXNM Energy, Inc.’s price-earnings ratio is 32.5. TXNM Energy, Inc.’s trailing 12-month revenue is $2.2 billion with a 8.8% net profit margin. Year-over-year quarterly sales growth most recently was 9.2%. Analysts expect adjusted earnings to reach $2.861 per share for the current fiscal year. TXNM Energy, Inc. currently has a 2.9% dividend yield.

How We Compare Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc.’s stock grades to see how they measure up against one another.

Learn more about A+ Investor here!

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc. Stock Value Grades

Company	Ticker	Value
Hawaiian Electric Industries, Inc.	HE	A
TXNM Energy, Inc.	TXNM	D
TXNM Energy, Inc.	TXNM	D

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Hawaiian Electric Industries, Inc. has a Value Score of 87, which is Deep Value. TXNM Energy, Inc. has a Value Score of 30, which is Expensive. TXNM Energy, Inc. has a Value Score of 30, which is Expensive.

The Value Stock Winner: Hawaiian Electric Industries, Inc.

As you can clearly see from the Value Grade breakdown above, Hawaiian Electric Industries, Inc. is considered to have better value than TXNM Energy, Inc.. For investors who focus solely on a company’s valuation, Hawaiian Electric Industries, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc. Growth Grades

Company	Ticker	Growth
Hawaiian Electric Industries, Inc.	HE	C
TXNM Energy, Inc.	TXNM	A
TXNM Energy, Inc.	TXNM	A

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Hawaiian Electric Industries, Inc. has a Growth Score of 43, which is Average. TXNM Energy, Inc. has a Growth Score of 89, which is Very Strong. TXNM Energy, Inc. has a Growth Score of 89, which is Very Strong.

The Growth Grade Winner: TXNM Energy, Inc.

As you can clearly see from the Growth Grade breakdown above, TXNM Energy, Inc. has a more attractive growth grade than Hawaiian Electric Industries, Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, TXNM Energy, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc.’s Momentum Grades

Company	Ticker	Momentum
Hawaiian Electric Industries, Inc.	HE	D
TXNM Energy, Inc.	TXNM	D
TXNM Energy, Inc.	TXNM	D

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Hawaiian Electric Industries, Inc. has a Momentum Score of 32, which is Weak. TXNM Energy, Inc. has a Momentum Score of 35, which is Weak. TXNM Energy, Inc. has a Momentum Score of 35, which is Weak.

The Momentum Stock Winner: No Clear Winner

Neither Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy or Inc. has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy or Inc. is the better investment when it comes to momentum.

Other Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc. Grades

In addition to Value, Growth and Momentum, A+ Investor also provides grades for Estimate Revisions and Quality.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy or Inc. Stock?

Overall, Hawaiian Electric Industries, Inc. stock has a Value Score of 87, Growth Score of 43 and Momentum Score of 32.

TXNM Energy, Inc. stock has a Value Score of 30, Growth Score of 89 and Momentum Score of 35.

TXNM Energy, Inc. stock has a Value Score of 30, Growth Score of 89 and Momentum Score of 35.

Comparing Hawaiian Electric Industries, Inc., TXNM Energy, Inc., TXNM Energy and Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.