NYSE:PNM PNM Resources (PNM) Stock Price, News & Analysis → Protect Yourself While There’s Still Time … (From Weiss Ratings) (Ad) Free PNM Stock Alerts $36.32 0.00 (0.00%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$36.09▼$36.5050-Day Range$35.87▼$38.0152-Week Range$34.63▼$48.71Volume499,860 shsAverage Volume1.38 million shsMarket Capitalization$3.28 billionP/E Ratio35.26Dividend Yield4.27%Price Target$46.80 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/Downside28.9% Upside$46.80 Price TargetShort InterestHealthy1.85% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews Sentiment1.10Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth3.70%From $2.70 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.4.78 out of 5 starsUtilities Sector7th out of 90 stocksElectric Services Industry2nd out of 41 stocks 3.3 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.Amount of Analyst CoveragePNM Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.85% 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 1.6, 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 3.47%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipPNM Resources is a leading dividend payer. It pays a dividend yield of 4.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPNM Resources has been increasing its dividend for 13 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 3.4 News and Social Media Coverage News SentimentPNM Resources has a news sentiment score of 1.10. 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 is a higher news sentiment than the 0.39 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for PNM Resources this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for PNM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows1 people have added PNM Resources to their MarketBeat watchlist in the last 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 1.9 Earnings and Valuation Earnings GrowthEarnings for PNM Resources are expected to grow by 3.70% in the coming year, from $2.70 to $2.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 35.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.85.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 35.26, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.19.Price to Earnings Growth RatioPNM Resources has a PEG Ratio of 10.12. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPNM Resources has a P/B Ratio of 1.37. 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 Weiss RatingsProtect Yourself While There’s Still Time …The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.4 simple steps to protect your privacy and money before it’s too late. 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.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 HeadlinesApril 23, 2024 | finance.yahoo.comPNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875April 23, 2024 | americanbankingnews.comPNM Resources (PNM) Scheduled to Post Earnings on TuesdayApril 26, 2024 | Weiss Ratings (Ad)The Next Step of Their Control Is Here …Earlier this week, Section 702 of the Foreign Intelligence Surveillance Act (FISA) was renewed for an additional two years. What does this mean? It means the government has more time — and more ways — to surveil and control you.April 16, 2024 | americanbankingnews.comPNM Resources (NYSE:PNM) Price Target Raised to $43.00 at BarclaysApril 15, 2024 | msn.comApplications open for PNM Resources GrantsApril 15, 2024 | finance.yahoo.comSandia impacts economy by partnerships to commercialize science and techApril 7, 2024 | seekingalpha.comPNM Resources: Medium Term Growth Potential But Less Financial FlexibilityApril 5, 2024 | finance.yahoo.comPNM Resources' (NYSE:PNM) Dividend Will Be $0.3875April 26, 2024 | Weiss Ratings (Ad)The Next Step of Their Control Is Here …Earlier this week, Section 702 of the Foreign Intelligence Surveillance Act (FISA) was renewed for an additional two years. What does this mean? It means the government has more time — and more ways — to surveil and control you.April 4, 2024 | finance.yahoo.comPNM Resources to Announce 2024 First Quarter Earnings on April 30April 3, 2024 | finance.yahoo.comPNM Resources (NYSE:PNM) shareholders have endured a 17% loss from investing in the stock three years agoMarch 20, 2024 | prnewswire.comPNM Resources Management to Meet with InvestorsMarch 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 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 meetingSee 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 Payable2/16/2024Ex-Dividend for 5/10 Dividend4/25/2024Today4/26/2024Next Earnings (Confirmed)4/30/2024Dividend 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$46.80 High Stock Price Target$55.00 Low Stock Price Target$41.00 Potential Upside/Downside+29.0%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.03 Trailing P/E Ratio35.22 Forward P/E Ratio13.44 P/E Growth10.12Net 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 / Sales1.69 Cash Flow$6.56 per share Price / Cash Flow5.53 Book Value$26.60 per share Price / Book1.36Miscellaneous Outstanding Shares90,200,000Free Float88,991,000Market Cap$3.27 billion OptionableOptionable Beta0.35 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.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. Gerald Robert BischoffPrincipal Accounting Officer, VP & Corporate ControllerMr. Michael Patrick MertzVP & Chief Information OfficerMs. Lisa GoodmanDirector of Investor RelationsMs. Rebecca R. TeagueVice President of Human ResourcesMore ExecutivesKey CompetitorsOtter TailNASDAQ:OTTRPortland General ElectricNYSE:PORIDACORPNYSE:IDAHawaiian Electric IndustriesNYSE:HEOGE EnergyNYSE:OGEView All CompetitorsInstitutional OwnershipPeregrine Capital Management LLCBought 188,235 shares on 4/26/2024Ownership: 0.209%Deroy & Devereaux Private Investment Counsel Inc.Bought 38,145 shares on 4/26/2024Ownership: 0.091%Yousif Capital Management LLCSold 880 shares on 4/26/2024Ownership: 0.043%SYSTM Wealth Solutions LLCBought 28,144 shares on 4/26/2024Ownership: 0.033%New York State Teachers Retirement SystemBought 300 shares on 4/25/2024Ownership: 0.097%View All Institutional Transactions PNM Stock Analysis - Frequently Asked Questions Should I buy or sell PNM Resources stock right now? 5 Wall Street 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 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 price objectives for PNM Resources' stock. Their PNM share price targets range from $41.00 to $55.00. On average, they predict the company's share price to reach $46.80 in the next twelve months. This suggests a possible upside of 28.9% 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 beginning of 2024. Since then, PNM stock has decreased by 12.7% and is now trading at $36.32. View the best growth stocks for 2024 here. Are investors shorting PNM Resources? PNM Resources saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 2,010,000 shares, a decrease of 25.6% from the February 29th total of 2,700,000 shares. Based on an average daily 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) issued its earnings results on Tuesday, February, 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The utilities provider earned $412.11 million during 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 prior year, the company 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 dividend yield of 4.26%. 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 4.23%. 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 ETFs hold PNM Resources' stock? 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), Arch Indices VOI Absolute Income ETF (VWI), ProShares Russell 2000 Dividend Growers ETF (SMDV), AltShares Event-Driven ET (EVNT) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). What guidance has PNM Resources issued on next quarter's earnings? PNM Resources issued an update on its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided earnings per share (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 a variety of retail and institutional investors. Top institutional shareholders include Raymond James & Associates (0.73%), Peregrine Capital Management LLC (0.21%), New York State Teachers Retirement System (0.10%), Deroy & Devereaux Private Investment Counsel Inc. (0.09%), NBC Securities Inc. (0.06%) and Amalgamated Bank (0.05%). 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 4/26/2024 by MarketBeat.com Staff From Our PartnersThese AI trades triggered this morning (545% return)Prosper Trading AcademyConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe A.I. story nobody is telling you (Read ASAP)TradeSmithFed launches fourth dollar overhaulStansberry ResearchMan Who Predicted 2008: “This Will be Worse.”Altimetry Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PNM Resources, Inc. 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