NYSE:PNM PNM Resources (PNM) Stock Price, News & Analysis → 4x Better than Bitcoin (From Behind the Markets) (Ad) Free PNM Stock Alerts $37.44 +0.53 (+1.44%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$36.97▼$37.5350-Day Range$34.73▼$38.0152-Week Range$34.63▼$49.08Volume396,035 shsAverage Volume1.67 million shsMarket Capitalization$3.38 billionP/E Ratio36.35Dividend Yield4.14%Price Target$46.20 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get PNM Resources alerts: Email Address PNM Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside23.4% Upside$46.20 Price TargetShort InterestHealthy2.23% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews Sentiment0.46Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth3.32%From $2.71 to $2.80 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.74 out of 5 starsUtilities Sector11th out of 89 stocksElectric Services Industry5th out of 38 stocks 2.3 Analyst's Opinion Consensus RatingPNM Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $46.20, PNM Resources has a forecasted upside of 23.4% from its current price of $37.44.Amount of Analyst CoveragePNM Resources has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.23% of the outstanding shares of PNM Resources have been sold short.Short Interest Ratio / Days to CoverPNM Resources has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PNM Resources has recently decreased by 25.56%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipPNM Resources is a leading dividend payer. It pays a dividend yield of 4.21%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPNM Resources has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of PNM Resources is 150.49%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, PNM Resources will have a dividend payout ratio of 55.36% next year. This indicates that PNM Resources will be able to sustain or increase its dividend. Previous Next 1.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePNM Resources has received a -37.30% net impact score from Upright. The largest negative impact of Pnm Resources in category "GHG emissions" seems to be driven mostly by its "Electricity produced with coal", "Electricity produced with crude oil", and "Electricity distribution services of electricity produced with fossil fuels" products. See details.Environmental SustainabilityThe Environmental Impact score for PNM Resources is -5.89. Previous Next 1.4 News and Social Media Coverage News SentimentPNM Resources has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for PNM Resources this week, compared to 4 articles on an average week.Search InterestOnly 2 people have searched for PNM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PNM Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.34% of the stock of PNM Resources is held by insiders.Percentage Held by Institutions91.68% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for PNM Resources are expected to grow by 3.32% in the coming year, from $2.71 to $2.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 36.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.14.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 36.35, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 76.52.Price to Earnings Growth RatioPNM Resources has a PEG Ratio of 0.37. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioPNM Resources has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Huge AlertsTrending Stocks Sent To You In Real Time Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! Click To Get Our Next Alert About PNM Resources Stock (NYSE:PNM)PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM); Texas-New Mexico Power Company (TNMP); and Corporate and Other segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.Read More PNM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PNM Stock News HeadlinesMarch 20, 2024 | americanbankingnews.comPNM Resources, Inc. (NYSE:PNM) Receives Average Recommendation of "Moderate Buy" from BrokeragesMarch 20, 2024 | prnewswire.comPNM Resources Management to Meet with InvestorsMarch 28, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 19, 2024 | finance.yahoo.comPNM rate case heads to state Supreme Court as utility, advocacy group both appealMarch 18, 2024 | yahoo.comNew Mexico Supreme Court says $10,000 fine against PNM ‘unlawful’March 11, 2024 | prnewswire.comPublic Service Company of New Mexico Declares Preferred DividendMarch 4, 2024 | finance.yahoo.comPNM Resources Management to Meet with Investors 2024 ongoing earnings guidance to be affirmed during meetingsMarch 1, 2024 | msn.comPNM Resources declares $0.3875 dividendMarch 28, 2024 | Crypto 101 Media (Ad)Major Elon Musk Crypto Leak RevealedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.March 1, 2024 | prnewswire.comPNM Resources Board Declares Quarterly Common Stock DividendFebruary 29, 2024 | bizjournals.comPNM completes sale of renewable energy joint venture to Pittsburgh-based firmFebruary 28, 2024 | finanznachrichten.dePNM Resources, Inc.: PNM Resources Completes Sale of Renewable Joint VentureFebruary 28, 2024 | benzinga.comSunset On Solar Venture: PNM Resources And AEP Complete Sale Of New Mexico JV AssetsFebruary 27, 2024 | prnewswire.comPNM Resources Completes Sale of Renewable Joint VentureFebruary 23, 2024 | uk.finance.yahoo.comQ4 2023 Avangrid Inc Earnings CallFebruary 23, 2024 | markets.businessinsider.comBarclays Keeps Their Buy Rating on Pnm Resources (PNM)February 20, 2024 | morningstar.comPNM Resources IncFebruary 20, 2024 | msn.comALLETE misses top-line and bottom-line estimates; initiates FY24 outlookFebruary 19, 2024 | msn.comPNM Resources management to affirm 2024 profit guidance in upcoming meetingFebruary 19, 2024 | prnewswire.comPNM Resources Management to Meet with InvestorsFebruary 14, 2024 | markets.businessinsider.comRBC Capital Sticks to Their Hold Rating for Pnm Resources (PNM)February 13, 2024 | finance.yahoo.comPNM Resources Management to Meet with InvestorsFebruary 9, 2024 | markets.businessinsider.comBuy Rating on PNM Resources: Undervalued Market Position with Growth and Regulatory UpsideFebruary 8, 2024 | markets.businessinsider.comBuy Rating for PNM Resources: Attractive Entry Point and Strong Growth Prospects Despite EPS AdjustmentFebruary 8, 2024 | markets.businessinsider.comBuy Rating Affirmed for PNM Resources Amid Strong Growth and Positive Financial OutlookFebruary 7, 2024 | finance.yahoo.comPNM Resources, Inc. (NYSE:PNM) Q4 2023 Earnings Call TranscriptFebruary 7, 2024 | finance.yahoo.comPreliminary Q4 2024 PNM Resources Inc Earnings CallSee More Headlines Receive PNM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PNM Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 2/16 Dividend2/01/2024Last Earnings2/06/2024Dividend Payable2/16/2024Today3/27/2024Ex-Dividend for 5/10 Dividend4/25/2024Next Earnings (Estimated)5/03/2024Dividend Payable5/10/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryElectric Utilities Current SymbolNYSE:PNM CUSIP69349H10 CIK1108426 Webwww.pnmresources.com Phone(505) 241-2700Fax505-241-4311Employees1,635Year Founded1917Price Target and Rating Average Stock Price Target$46.20 High Stock Price Target$55.00 Low Stock Price Target$40.00 Potential Upside/Downside+23.4%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.03 Trailing P/E Ratio36.35 Forward P/E Ratio13.82 P/E Growth0.37Net Income$88.35 million Net Margins4.54% Pretax Margin4.67% Return on Equity10.51% Return on Assets2.48% Debt Debt-to-Equity Ratio1.77 Current Ratio0.39 Quick Ratio0.31 Sales & Book Value Annual Sales$1.94 billion Price / Sales1.74 Cash Flow$6.73 per share Price / Cash Flow5.56 Book Value$26.60 per share Price / Book1.41Miscellaneous Outstanding Shares90,200,000Free Float88,991,000Market Cap$3.38 billion OptionableOptionable Beta0.35 Social Links 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMs. Patricia K. Vincent-Collawn (Age 65)Chairman & CEO Comp: $4.14MMr. Joseph D. Tarry (Age 54)President & COO Comp: $1.07MMs. Elisabeth A. Eden (Age 57)Senior VP, CFO & Treasurer Comp: $733.49kMr. Patrick V. Apodaca (Age 72)Senior VP, General Counsel & Secretary Comp: $780.35kMr. Michael Patrick MertzVP & Chief Information OfficerMs. Lisa GoodmanDirector of Investor RelationsMs. Rebecca R. TeagueVice President of Human ResourcesMr. Gerald Robert BischoffVice President & Corporate ControllerMore ExecutivesKey CompetitorsOtter TailNASDAQ:OTTRPortland General ElectricNYSE:PORIDACORPNYSE:IDAHawaiian Electric IndustriesNYSE:HEOGE EnergyNYSE:OGEView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 426,443 shares on 3/27/2024Ownership: 0.473%PNC Financial Services Group Inc.Sold 4,806 shares on 3/22/2024Ownership: 0.006%Vanguard Group Inc.Sold 48,104 shares on 3/11/2024Ownership: 10.345%Fortis Group Advisors LLCBought 400 shares on 3/4/2024Ownership: 0.001%Goldman Sachs Group Inc.Bought 112,729 shares on 3/1/2024Ownership: 1.315%View All Institutional Transactions PNM Stock Analysis - Frequently Asked Questions Should I buy or sell PNM Resources stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PNM shares. View PNM analyst ratings or view top-rated stocks. What is PNM Resources' stock price target for 2024? 5 equities research analysts have issued 12 month target prices for PNM Resources' stock. Their PNM share price targets range from $40.00 to $55.00. On average, they anticipate the company's share price to reach $46.20 in the next twelve months. This suggests a possible upside of 23.4% from the stock's current price. View analysts price targets for PNM or view top-rated stocks among Wall Street analysts. How have PNM shares performed in 2024? PNM Resources' stock was trading at $41.60 on January 1st, 2024. Since then, PNM stock has decreased by 10.0% and is now trading at $37.44. View the best growth stocks for 2024 here. Are investors shorting PNM Resources? PNM Resources saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 2,010,000 shares, a decline of 25.6% from the February 29th total of 2,700,000 shares. Based on an average trading volume of 1,610,000 shares, the days-to-cover ratio is presently 1.2 days. View PNM Resources' Short Interest. When is PNM Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our PNM earnings forecast. How were PNM Resources' earnings last quarter? PNM Resources, Inc. (NYSE:PNM) issued its quarterly earnings results on Tuesday, February, 6th. The utilities provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. The utilities provider had revenue of $412.11 million for the quarter, compared to analysts' expectations of $705.05 million. PNM Resources had a trailing twelve-month return on equity of 10.51% and a net margin of 4.54%. During the same period in the previous year, the firm earned $0.15 EPS. How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources? PNM Resources announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, April 26th will be paid a dividend of $0.387 per share on Friday, May 10th. This represents a $1.55 annualized dividend and a yield of 4.13%. The ex-dividend date is Thursday, April 25th. Read our dividend analysis for PNM. Is PNM Resources a good dividend stock? PNM Resources (NYSE:PNM) pays an annual dividend of $1.55 per share and currently has a dividend yield of 4.21%. PNM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 150.49%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNM will have a dividend payout ratio of 55.36% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PNM. What ETFs hold PNM Resources' stock? ETFs with the largest weight of PNM Resources (NYSE:PNM) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Principal U.S. Small-Cap Multi-Factor ETF (PSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Utilities ETF (VPU).Fidelity MSCI Utilities Index ETF (FUTY). What guidance has PNM Resources issued on next quarter's earnings? PNM Resources updated its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of 2.650-2.750 for the period, compared to the consensus EPS estimate of 2.680. The company issued revenue guidance of -. What is Patricia K. (Pat) Vincent-Collawn's approval rating as PNM Resources' CEO? 18 employees have rated PNM Resources Chief Executive Officer Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among the company's employees. This puts Patricia K. (Pat) Vincent-Collawn in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of PNM Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other PNM Resources investors own include AbbVie (ABBV), PepsiCo (PEP), Altria Group (MO), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), Abbott Laboratories (ABT), Emerson Electric (EMR), Target (TGT) and Colgate-Palmolive (CL). Who are PNM Resources' major shareholders? PNM Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.87%), Vanguard Group Inc. (10.34%), PSquared Asset Management AG (2.15%), First Trust Advisors LP (1.85%), Dimensional Fund Advisors LP (1.80%) and Northern Trust Corp (1.50%). View institutional ownership trends. How do I buy shares of PNM Resources? Shares of PNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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