Geopolitics Alpha

Blackstone-TXNM deal faces fresh questions from New Mexico DOJ

Published . Updated .

TXNM unwound a Blackstone stock sale ruled illegal, but the state Department of Justice is seeking more information related to potential indirect costs to PNM ratepayers.

Directly affected

  • BX Blackstone

    Named in this report.

Indirectly affected

  • SPY SPDR S&P 500

    The broad U.S. stock market

  • TLT iShares 20+ Year Treasury Bond

    Long-term U.S. government bonds

  • QQQ Invesco QQQ

    Large technology stocks

  • GLD SPDR Gold Shares

    Gold can move with the broad market

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BX———————
SPY———————
TLT———————
QQQ———————
GLD———————

TXNM unwound a Blackstone stock sale ruled illegal, but the state Department of Justice is seeking more information related to potential indirect costs to PNM ratepayers.

Source: Utility Dive

Blackstone (BX) since this story, compared with the market

Since the first closing price after “Blackstone-TXNM deal faces fresh questions from New Mexico DOJ,” Blackstone (BX) is -15.46%. The S&P 500 fund (SPY) is +1.21% over the same days, a -16.67% difference versus the market.

BX
SPY

Who gains and who loses around Blackstone (BX)

Companies mentioned with this story

  • BX Blackstone

    Blackstone (BX) is linked, with no stored direction, high confidence in the 14 Sep 2026 story “Blackstone-TXNM deal faces fresh questions from New Mexico DOJ.” Reason on file: The reported development directly names BLACKSTONE INC in the headline; GA resolved that company to BX

Blackstone (BX)

“Blackstone-TXNM deal faces fresh questions from New Mexico DOJ” (14 Sep 2026) reaches Blackstone (BX) through this story.

The link for Blackstone (BX) is this: The reported development directly names BLACKSTONE INC in the headline; GA resolved that company to BX

Dates and price levels for Blackstone (BX)

BX traded between 105.45 and 127.68 across 20 sessions. The latest close on file is 107.08.

What the saved facts support for Blackstone (BX)

14 out of 100

“Blackstone-TXNM deal faces fresh questions from New Mexico DOJ” scores 14 out of 100. The score uses 1 sources, and 1 linked companies.