NYSE:PNM PNM Resources (PNM) Stock Price, News & Analysis → We’ve Made 1,000% … THREE Different Times in the Last Year (Here’s How) (From Paradigm Press) (Ad) Free PNM Stock Alerts $37.21 -0.29 (-0.77%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$36.91▼$37.5250-Day Range$35.87▼$38.8552-Week Range$34.63▼$46.83Volume571,207 shsAverage Volume1.19 million shsMarket Capitalization$3.36 billionP/E Ratio40.89Dividend Yield4.17%Price Target$43.40 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get PNM Resources alerts: Email Address PNM Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside16.6% Upside$43.40 Price TargetShort InterestHealthy1.93% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews Sentiment0.50Based on 19 Articles This WeekInsider TradingN/AProj. Earnings Growth4.07%From $2.70 to $2.81 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.3.91 out of 5 starsUtilities Sector34th out of 89 stocksElectric Services Industry13th out of 42 stocks 2.2 Analyst's Opinion Consensus RatingPNM Resources has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoveragePNM Resources has only been the subject of 2 research reports in the past 90 days.Read more about PNM Resources' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.93% 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 2.4, 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 4.92%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipPNM Resources is a leading dividend payer. It pays a dividend yield of 4.09%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPNM Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of PNM Resources is 170.33%. 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 55.16% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.Read more about PNM Resources' 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 3.1 News and Social Media Coverage News SentimentPNM Resources has a news sentiment score of 0.50. 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 lower news sentiment than the 0.89 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 19 news articles for PNM Resources this week, compared to 4 articles on an average week.Search Interest1 people have searched for PNM on MarketBeat in the last 30 days. MarketBeat Follows3 people have added PNM Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 1.36% 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.Read more about PNM Resources' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PNM Resources are expected to grow by 4.07% in the coming year, from $2.70 to $2.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 40.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.12.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 40.89, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 94.12.Price to Earnings Growth RatioPNM Resources has a PEG Ratio of 5.52. 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 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about PNM Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe new masters of energyAccording to one source, this new grid could soon provide energy to “one billion people in the world who don’t have access to electricity right now.” And early investors could make a fortune.Click here to get all the details. 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 HeadlinesJune 7 at 1:20 AM | americanbankingnews.comPNM Resources (NYSE:PNM) Downgraded to Sell at StockNews.comJune 6 at 2:10 AM | americanbankingnews.comAnalysts Set PNM Resources, Inc. (NYSE:PNM) PT at $43.40June 5 at 7:50 AM | americanbankingnews.comPNM Resources (NYSE:PNM) Updates FY 2024 Earnings GuidanceJune 4, 2024 | prnewswire.comPNM Resources Announces Pricing of $500 Million of 5.75% Junior Subordinated Convertible Notes due 2054June 4, 2024 | prnewswire.comPublic Service Company of New Mexico Declares Preferred DividendJune 4, 2024 | americanbankingnews.comPNM Resources (NYSE:PNM) Issues FY24 Earnings GuidanceJune 4, 2024 | prnewswire.comPNM Resources Management to Meet with InvestorsJune 3, 2024 | prnewswire.comPNM Resources Announces Offering of Junior Subordinated Convertible Notes due 2054June 1, 2024 | americanbankingnews.comPNM Resources (NYSE:PNM) Now Covered by Evercore ISIJune 1, 2024 | americanbankingnews.comStockNews.com Upgrades PNM Resources (NYSE:PNM) to "Hold"May 31, 2024 | prnewswire.comNMPRC Approves New PNM Energy Resources for 2026May 23, 2024 | bizjournals.comNextEra Energy, PNM commission 240MW solar, battery storage projectMay 23, 2024 | investorplace.com7 Bonds and Utilities Stocks to Buy in Anticipation of Lower RatesMay 14, 2024 | finance.yahoo.comHere's What's Concerning About PNM Resources' (NYSE:PNM) Returns On CapitalMay 3, 2024 | bizjournals.comPNM Resources says Texas growth driving business, gives New Mexico grid updatesMay 1, 2024 | washingtonpost.comMaterion: Q1 Earnings SnapshotMay 1, 2024 | finance.yahoo.comPNM Resources, Inc. (NYSE:PNM) Q1 2024 Earnings Call TranscriptMay 1, 2024 | washingtonpost.comGates Industrial: Q1 Earnings SnapshotMay 1, 2024 | finance.yahoo.comPNM Resources Inc (PNM) (Q1 2024) Earnings Call Transcript Highlights: Surpassing Expectations ...May 1, 2024 | finance.yahoo.comQ1 2024 PNM Resources Inc Earnings CallApril 30, 2024 | washingtonpost.comUSANA Health: Q1 Earnings SnapshotApril 30, 2024 | finanznachrichten.dePNM Resources, Inc.: PNM Resources Reports First Quarter 2024 ResultsApril 30, 2024 | chron.comPNM Resources: Q1 Earnings SnapshotApril 30, 2024 | finance.yahoo.comPNM Resources Inc (PNM) Q1 Earnings: Aligns with EPS Projections, Slightly Misses Revenue EstimatesApril 30, 2024 | investorplace.comPNM Stock Earnings: PNM Resources Misses EPS, Misses Revenue for Q1 2024See 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 5/10 Dividend4/25/2024Last Earnings4/30/2024Dividend Payable5/10/2024Today6/07/2024Next Earnings (Estimated)8/02/2024Fiscal 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$43.40 High Stock Price Target$51.00 Low Stock Price Target$38.00 Potential Upside/Downside+16.6%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio40.89 Forward P/E Ratio13.78 P/E Growth5.52Net Income$88.35 million Net Margins4.38% Pretax Margin3.18% Return on Equity9.91% Return on Assets2.32% Debt Debt-to-Equity Ratio1.81 Current Ratio0.37 Quick Ratio0.27 Sales & Book Value Annual Sales$1.94 billion Price / Sales1.73 Cash Flow$6.51 per share Price / Cash Flow5.72 Book Value$26.60 per share Price / Book1.40Miscellaneous Outstanding Shares90,200,000Free Float88,973,000Market Cap$3.36 billion OptionableOptionable Beta0.38 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMs. Patricia K. Vincent-Collawn (Age 65)Chairman & CEO Comp: $3.67MMr. Joseph D. Tarry (Age 54)President & COO Comp: $1.49MMs. Elisabeth A. Eden (Age 57)Senior VP & CFO Comp: $954.29kMr. Patrick V. Apodaca (Age 72)Senior VP, General Counsel & Secretary Comp: $1.01MMr. Gerald Robert Bischoff (Age 45)Principal Accounting Officer, VP & Corporate Controller Ms. Sheila MendezVP & Chief Information OfficerMs. Lisa GoodmanExecutive Director of Investor RelationsMs. Rebecca R. TeagueVice President of Human ResourcesMs. Sabrina GreinelVP & TreasurerMore ExecutivesKey CompetitorsPinnacle West CapitalNYSE:PNWOGE EnergyNYSE:OGEIDACORPNYSE:IDAPortland General ElectricNYSE:POROtter TailNASDAQ:OTTRView All CompetitorsInstitutional OwnershipCambridge Trust Co.Sold 447 shares on 5/30/2024Ownership: 0.002%Zimmer Partners LPBought 3,303,752 shares on 5/17/2024Ownership: 3.938%Comerica BankBought 5,950 shares on 5/17/2024Ownership: 0.073%Vista Investment Partners LLCBought 34,235 shares on 5/17/2024Ownership: 0.038%California State Teachers Retirement SystemSold 4,808 shares on 5/16/2024Ownership: 0.091%View All Institutional Transactions 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 year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PNM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNM, but not buy additional shares or sell existing 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 target prices for PNM Resources' stock. Their PNM share price targets range from $38.00 to $51.00. On average, they predict the company's stock price to reach $43.40 in the next year. This suggests a possible upside of 16.6% 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 10.6% and is now trading at $37.21. View the best growth stocks for 2024 here. When is PNM Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024. View our PNM earnings forecast. How were PNM Resources' earnings last quarter? PNM Resources, Inc. (NYSE:PNM) released its quarterly earnings data on Tuesday, April, 30th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.27. The utilities provider earned $436.90 million during the quarter, compared to analysts' expectations of $531 million. PNM Resources had a net margin of 4.38% and a trailing twelve-month return on equity of 9.91%. The company's revenue was down 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 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. Stockholders 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 4.16%. 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 4.09%. PNM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 170.33%. 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 55.16% 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), Virtus Real Asset Income ETF (VRAI), ProShares Russell 2000 Dividend Growers ETF (SMDV), Hypatia Women CEO ETF (WCEO), 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 updated its FY 2024 earnings guidance on Tuesday, June, 4th. 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 2.690. 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.53%), Zimmer Partners LP (3.94%), Reaves W H & Co. Inc. (1.93%), Gabelli Funds LLC (1.35%), Acadian Asset Management LLC (1.04%) and Gamco Investors INC. ET AL (0.79%). 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 6/8/2024 by MarketBeat.com Staff From Our PartnersMillionaire-Making “Wealth Pattern” Just Repeated on April 22If you think you missed out on the Bitcoin band wagon… You need to watch this immediately.Paradigm Press | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? 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