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 year. 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 analysts have issued 12-month price targets for PNM Resources' shares. 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 29.5% 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 the year. Since then, PNM stock has decreased by 13.1% and is now trading at $36.14. 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 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) posted its quarterly 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 analyst estimates 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 quarter in the previous year, the company earned $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 given a dividend of $0.387 per share on Friday, May 10th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.28%. 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 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) , ProShares Russell 2000 Dividend Growers ETF (SMDV) , AltShares Event-Driven ETF (EVNT) , iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) , Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and WisdomTree U.S. SmallCap Dividend Fund (DES) .

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 earnings per share 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 institutional and retail 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 .

NYSE:PNM

PNM Resources (PNM) Stock Price, News & Analysis

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Free PNM Stock Alerts

$35.88

-0.28 (-0.77%)

(As of 10:27 AM ET)

Compare

Today's Range: $35.52
▼
$36.03
50-Day Range: $36.14
▼
$38.01
52-Week Range: $34.63
▼
$49.08

Volume: 125,416 shs
Average Volume: 1.47 million shs
Market Capitalization: $3.24 billion

P/E Ratio: 34.84
Dividend Yield: 4.32%
Price Target: $46.80

Get PNM Resources alerts:

PNM Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 29.5% 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: 0.41
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

5th out of 90 stocks

Electric Services Industry

2nd out of 40 stocks

3.3

Analyst's Opinion

Consensus Rating
PNM 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 Coverage
PNM Resources has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.92% of the outstanding shares of PNM Resources have been sold short.
Short Interest Ratio / Days to Cover
PNM Resources has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PNM Resources has recently decreased by 13.93%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Leadership
PNM Resources is a leading dividend payer. It pays a dividend yield of 4.28%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PNM Resources has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of PNM Resources is 150.49%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based 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.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PNM 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 Sustainability
The Environmental Impact score for PNM Resources is -5.89.

1.9

News and Social Media Coverage

News Sentiment
PNM Resources has a news sentiment score of 0.41. 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 Week
MarketBeat has tracked 8 news articles for PNM Resources this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for PNM on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PNM Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.34% of the stock of PNM Resources is held by insiders.
Percentage Held by Institutions
91.68% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PNM Resources are expected to grow by 5.26% in the coming year, from $2.66 to $2.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PNM Resources is 35.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of PNM Resources is 35.09, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 76.41.
Price to Earnings Growth Ratio
PNM 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 Ratio
PNM Resources has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

PNM Stock News Headlines

April 16, 2024 | americanbankingnews.com

PNM Resources (NYSE:PNM) Price Target Raised to $43.00 at Barclays

April 15, 2024 | msn.com

Applications open for PNM Resources Grants

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 15, 2024 | finance.yahoo.com

Sandia impacts economy by partnerships to commercialize science and tech

April 14, 2024 | americanbankingnews.com

PNM Resources, Inc. (NYSE:PNM) Receives Consensus Rating of "Moderate Buy" from Analysts

April 7, 2024 | seekingalpha.com

PNM Resources: Medium Term Growth Potential But Less Financial Flexibility

April 5, 2024 | finance.yahoo.com

PNM Resources' (NYSE:PNM) Dividend Will Be $0.3875

April 4, 2024 | finance.yahoo.com

PNM Resources to Announce 2024 First Quarter Earnings on April 30

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 3, 2024 | finance.yahoo.com

PNM Resources (NYSE:PNM) shareholders have endured a 17% loss from investing in the stock three years ago

March 20, 2024 | prnewswire.com

PNM Resources Management to Meet with Investors

March 19, 2024 | finance.yahoo.com

PNM rate case heads to state Supreme Court as utility, advocacy group both appeal

March 18, 2024 | yahoo.com

New Mexico Supreme Court says $10,000 fine against PNM ‘unlawful’

March 11, 2024 | prnewswire.com

Public Service Company of New Mexico Declares Preferred Dividend

March 4, 2024 | finance.yahoo.com

PNM Resources Management to Meet with Investors 2024 ongoing earnings guidance to be affirmed during meetings

March 1, 2024 | msn.com

PNM Resources declares $0.3875 dividend

March 1, 2024 | prnewswire.com

PNM Resources Board Declares Quarterly Common Stock Dividend

February 29, 2024 | bizjournals.com

PNM completes sale of renewable energy joint venture to Pittsburgh-based firm

February 28, 2024 | finanznachrichten.de

PNM Resources, Inc.: PNM Resources Completes Sale of Renewable Joint Venture

February 28, 2024 | benzinga.com

Sunset On Solar Venture: PNM Resources And AEP Complete Sale Of New Mexico JV Assets

February 27, 2024 | prnewswire.com

PNM Resources Completes Sale of Renewable Joint Venture

February 23, 2024 | uk.finance.yahoo.com

Q4 2023 Avangrid Inc Earnings Call

February 23, 2024 | markets.businessinsider.com

Barclays Keeps Their Buy Rating on Pnm Resources (PNM)

February 20, 2024 | morningstar.com

PNM Resources Inc

February 20, 2024 | msn.com

ALLETE misses top-line and bottom-line estimates; initiates FY24 outlook

February 19, 2024 | msn.com

PNM Resources management to affirm 2024 profit guidance in upcoming meeting

February 19, 2024 | prnewswire.com

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric services
Sub-Industry: Electric Utilities
Current Symbol: NYSE:PNM
CUSIP: 69349H10
CIK: 1108426
Web: www.pnmresources.com
Phone: (505) 241-2700
Fax: 505-241-4311
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

EPS (Most Recent Fiscal Year): $1.03
Trailing P/E Ratio: 35.09
Forward P/E Ratio: 13.59
P/E Growth: 0.37
Net Income: $88.35 million
Net Margins: 4.54%
Pretax Margin: 4.67%
Return on Equity: 10.51%
Return on Assets: 2.48%

Debt

Debt-to-Equity Ratio: 1.77
Current Ratio: 0.39
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $1.94 billion
Price / Sales: 1.68
Cash Flow: $6.61 per share
Price / Cash Flow: 5.47
Book Value: $26.60 per share
Price / Book: 1.36

Miscellaneous

Outstanding Shares: 90,200,000
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

Key Competitors

View All Competitors

Institutional Ownership

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 year. 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 analysts have issued 12-month price targets for PNM Resources' shares. 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 29.5% 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 the year. Since then, PNM stock has decreased by 13.1% and is now trading at $36.14.
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 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) posted its quarterly 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 analyst estimates 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 quarter in the previous year, the company earned $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 given a dividend of $0.387 per share on Friday, May 10th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.28%. 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 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), ProShares Russell 2000 Dividend Growers ETF (SMDV), AltShares Event-Driven ETF (EVNT), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and WisdomTree U.S. SmallCap Dividend Fund (DES).
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 earnings per share 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 institutional and retail 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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