PNM Resources (PNM) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PNM shares.
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5 analysts have issued 12-month price targets for PNM Resources' stock. Their PNM share price targets range from $41.00 to $55.00. On average, they anticipate the company's share price to reach $46.80 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
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PNM Resources' stock was trading at $41.60 at the beginning of 2024. Since then, PNM stock has decreased by 13.4% and is now trading at $36.01.
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PNM Resources saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 2,010,000 shares, a drop 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 short-interest ratio is presently 1.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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PNM Resources will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

PNM Resources, Inc. (NYSE:PNM) posted its quarterly earnings data on Tuesday, February, 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $0.15 EPS.

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 4.30%. The ex-dividend date of this dividend is Thursday, April 25th.
Read our dividend analysis for PNM.

PNM Resources (NYSE:PNM) pays an annual dividend of $1.55 per share and currently has a dividend yield of 4.31%. 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 13 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.

ETFs with the largest weight of PNM Resources (NYSE:PNM) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Virtus Reaves Utilities ETF (UTES), Invesco S&P MidCap Low Volatility ETF (XMLV), Global X Adaptive US Factor ETF (AUSF), ProShares Russell 2000 Dividend Growers ETF (SMDV), AltShares Event-Driven ET (EVNT), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS).

PNM Resources issued an update on its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided earnings per share guidance of 2.650-2.750 for the period, compared to the consensus estimate of 2.680. The company issued revenue guidance of -.

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.

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).

PNM Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include NBC Securities Inc. (0.06%), First Hawaiian Bank (0.01%) and GAMMA Investing LLC (0.00%).
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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.
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