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NYSE:PNM

PNM Resources (PNM) Stock Price, News & Analysis

$35.79
-0.37 (-1.02%)
(As of 01:21 PM ET)
Today's Range
$35.52
$36.03
50-Day Range
$36.14
$38.01
52-Week Range
$34.63
$49.08
Volume
246,887 shs
Average Volume
1.47 million shs
Market Capitalization
$3.23 billion
P/E Ratio
34.75
Dividend Yield
4.33%
Price Target
$46.80

PNM Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
30.8% Upside
$46.80 Price Target
Short Interest
Healthy
1.92% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.89
Upright™ Environmental Score
News Sentiment
0.41mentions of PNM Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.26%
From $2.66 to $2.80 Per Share

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.

4.90 out of 5 stars

Utilities Sector

3rd out of 90 stocks

Electric Services Industry

2nd out of 41 stocks

PNM stock logo

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) and Texas-New Mexico Power Company (TNMP) 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.

PNM Stock Price History

PNM Stock News Headlines

Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
PNM Resources' (NYSE:PNM) Dividend Will Be $0.3875
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
PNM Resources Management to Meet with Investors
Q4 2023 Avangrid Inc Earnings Call
Barclays Keeps Their Buy Rating on Pnm Resources (PNM)
PNM Resources Inc
PNM Resources Management to Meet with Investors
See More Headlines
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Company Calendar

Ex-Dividend for 2/16 Dividend
2/01/2024
Last Earnings
2/06/2024
Dividend Payable
2/16/2024
Today
4/16/2024
Ex-Dividend for 5/10 Dividend
4/25/2024
Next Earnings (Confirmed)
4/30/2024
Dividend Payable
5/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
69349H10
Employees
1,635
Year Founded
1917

Price Target and Rating

Average Stock Price Target
$46.80
High Stock Price Target
$55.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+29.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$88.35 million
Pretax Margin
4.67%

Debt

Sales & Book Value

Annual Sales
$1.94 billion
Cash Flow
$6.61 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
88,991,000
Market Cap
$3.26 billion
Optionable
Optionable
Beta
0.35

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Key Executives

  • Ms. Patricia K. Vincent-Collawn (Age 65)
    Chairman & CEO
    Comp: $4.14M
  • Mr. Joseph D. Tarry (Age 54)
    President & COO
    Comp: $1.07M
  • Ms. Elisabeth A. Eden (Age 57)
    Senior VP, CFO & Treasurer
    Comp: $733.49k
  • Mr. Patrick V. Apodaca (Age 72)
    Senior VP, General Counsel & Secretary
    Comp: $780.35k
  • Mr. Gerald Robert Bischoff
    Principal Accounting Officer, VP & Corporate Controller
  • Mr. Michael Patrick Mertz
    VP & Chief Information Officer
  • Ms. Lisa Goodman
    Director of Investor Relations
  • Ms. Rebecca R. Teague
    Vice President of Human Resources

PNM Stock Analysis - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

5 Wall Street equities 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 equities 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 Wall Street research 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 expect the company's stock price to reach $46.80 in the next year. This suggests a possible upside of 30.8% 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 at the start of the year. Since then, PNM shares have decreased by 14.0% and is now trading at $35.79.
View the best growth stocks for 2024 here
.

Are investors shorting PNM Resources?

PNM Resources saw a drop in short interest in 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 daily trading volume, of 1,610,000 shares, the short-interest ratio is currently 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 Tuesday, April 30th 2024.
View our PNM earnings forecast
.

How can I listen to PNM Resources' earnings call?

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.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its quarterly earnings data on Tuesday, February, 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. The utilities provider earned $412.11 million during the quarter, compared to the consensus estimate 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 prior year, the business posted $0.15 earnings per share.

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. Shareholders 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 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend 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 4.28%. 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.

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 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 many different retail and institutional investors. Top institutional investors include NBC Securities Inc. (0.06%), First Hawaiian Bank (0.01%) and GAMMA Investing LLC (0.00%).
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.

This page (NYSE:PNM) was last updated on 4/16/2024 by MarketBeat.com Staff

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