PNM Resources Company Profile (NYSE:PNM)

About PNM Resources

PNM Resources logoPNM Resources, Inc. (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR's electric utilities are Public Service Company of New Mexico and Subsidiaries (PNM) and Texas-New Mexico Power Company and Subsidiaries (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website www.pnmresources.com, provides information, including news releases, notices of Webcasts, and filings with the Securities and Exchange Commission (SEC). PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Diversified Utilities
  • Sub-Industry: Electric Utilities
  • Exchange: NYSE
  • Symbol: PNM
  • CUSIP: 69349H10
Key Metrics:
  • Previous Close: $34.51
  • 50 Day Moving Average: $32.71
  • 200 Day Moving Average: $33.17
  • 52-Week Range: $26.56 - $36.15
  • Trailing P/E Ratio: 378.57
  • Foreward P/E Ratio: 18.78
  • P/E Growth: 4.96
  • Market Cap: $2.74B
  • Outstanding Shares: 79,653,000
  • Beta: 0.24
Profitability:
  • Net Margins: 0.54%
  • Return on Equity: 7.00%
  • Return on Assets: 1.99%
Debt:
  • Debt-to-Equity Ratio: 1.28%
  • Current Ratio: 0.58%
  • Quick Ratio: 0.48%
Additional Links:
Companies Related to PNM Resources:

Analyst Ratings

Consensus Ratings for PNM Resources (NYSE:PNM) (?)
Ratings Breakdown: 2 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $36.00 (4.17% upside)

Analysts' Ratings History for PNM Resources (NYSE:PNM)
Show:
DateFirmActionRatingPrice TargetDetails
9/26/2016SunTrust Banks Inc.Boost Price TargetNeutral$34.00 -> $35.00View Rating Details
9/21/2016Williams CapitalReiterated RatingHoldView Rating Details
9/22/2016ArgusLower Price TargetBuy$40.00 -> $38.00View Rating Details
9/20/2016Jefferies GroupUpgradeHold -> BuyView Rating Details
3/19/2016Barclays PLCReiterated RatingBuyView Rating Details
3/2/2016Robert W. BairdReiterated RatingBuyView Rating Details
12/14/2015GabelliUpgradeHold -> Buy$36.00View Rating Details
11/25/2015Royal Bank Of CanadaReiterated RatingBuyView Rating Details
5/14/2015KeyCorpDowngradeOverweightView Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for PNM Resources (NYSE:PNM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/28/2016        
8/8/2016Q216$0.39$0.40$379.00 million$315.39 millionViewN/AView Earnings Details
4/29/2016Q116$0.14$0.13$358.00 million$310.90 millionViewListenView Earnings Details
2/26/2016Q415$0.18$0.23$376.00 millionViewListenView Earnings Details
10/30/2015Q315$0.74$0.76$453.50 million$417.40 millionViewListenView Earnings Details
7/31/2015Q215$0.41$0.44$346.50 million$352.89 millionViewListenView Earnings Details
5/1/2015Q115$0.18$0.21$335.00 million$332.90 millionViewN/AView Earnings Details
2/27/2015Q414$0.23$0.24$337.50 millionViewN/AView Earnings Details
10/31/2014Q314$0.66$0.68$443.00 million$413.95 millionViewN/AView Earnings Details
8/1/2014Q214$0.37$0.39$343.50 million$346.16 millionViewN/AView Earnings Details
5/2/2014Q114$0.20$0.18$331.00 million$328.90 millionViewN/AView Earnings Details
2/28/2014Q413$0.18$0.21$323.00 millionViewN/AView Earnings Details
11/1/2013Q313$0.67$0.68$426.50 millionViewN/AView Earnings Details
8/2/2013Q2 2013$0.33$0.38$339.50 millionViewN/AView Earnings Details
5/6/2013Q1 2013$0.20$0.18$318.00 millionViewN/AView Earnings Details
3/1/2013Q4 2012$0.12$0.13$333.50 millionViewN/AView Earnings Details
11/2/2012Q312$0.61$0.69$418.00 millionViewN/AView Earnings Details
8/3/2012$0.29$0.33ViewN/AView Earnings Details
5/4/2012$0.12$0.17ViewN/AView Earnings Details
2/29/2012$0.16$0.22ViewN/AView Earnings Details
11/3/2011$0.69$0.61ViewN/AView Earnings Details
8/5/2011$0.15$0.20ViewN/AView Earnings Details
5/6/2011$0.04$0.04ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for PNM Resources (NYSE:PNM)
Current Year EPS Consensus Estimate: $1.58 EPS
Next Year EPS Consensus Estimate: $1.84 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.13$0.15$0.14
Q2 20162$0.35$0.40$0.38
Q3 20163$0.74$0.85$0.78
Q4 20163$0.15$0.33$0.26
Q1 20172$0.15$0.17$0.16
Q2 20172$0.45$0.47$0.46
Q3 20172$0.85$0.87$0.86
Q4 20172$0.27$0.40$0.34
Q1 20181$0.17$0.17$0.17
Q2 20181$0.53$0.53$0.53
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for PNM Resources (NYSE:PNM)
Annual Dividend:$0.88
Dividend Yield:2.55%
Dividend Growth:12.60% (3 Year Average)
Payout Ratio:1,100.00% (Based on Trailing 12 Months of Earnings)
55.70% (Based on Current Year Consensus EPS Estimate)
47.83% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History for PNM Resources (NYSE:PNM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/20/2016quarterly$0.222.57%10/27/201610/31/201611/14/2016
7/26/2016quarterly$0.222.6%8/4/20168/8/20168/22/2016
2/25/2016quarterly$0.222.77%4/6/20164/8/20165/13/2016
12/10/2015quarterly$0.223.09%1/21/20161/25/20162/12/2016
9/15/2015quarterly$0.203.11%10/29/201511/2/201511/13/2015
7/14/2015quarterly$0.203.11%7/30/20158/3/20158/14/2015
2/26/2015quarterly$0.202.8%4/8/20154/10/20155/15/2015
12/9/2014quarterly$0.202.72%1/26/20151/28/20152/13/2015
9/16/2014quarterly$0.192.85%10/29/201410/31/201411/14/2014
7/15/2014quarterly$0.192.64%7/30/20148/1/20148/15/2014
2/27/2014quarterly$0.192.87%4/15/20144/18/20145/15/2014
12/9/2013quarterly$0.193.13%1/21/20141/23/20142/14/2014
9/17/2013quarterly$0.172.94%11/4/201311/6/201311/15/2013
7/16/2013quarterly$0.172.83%7/31/20138/2/20138/15/2013
3/1/2013quarterly$0.172.88%4/17/20134/19/20135/15/2013
12/11/2012quarterly$0.152.76%1/17/20131/22/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for PNM Resources (NYSE:PNM)
Insider Ownership Percentage: 1.22%
Institutional Ownership Percentage: 92.60%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/16/2016Ronald N DarnellSVPSell113$33.05$3,734.65View SEC Filing  
3/7/2016Patrick V ApodacaSVPSell3,800$33.04$125,552.00View SEC Filing  
3/4/2016Charles N EldredCFOSell8,350$32.41$270,623.50View SEC Filing  
3/4/2016Joseph Don TarryVPSell3,000$32.32$96,960.00View SEC Filing  
3/4/2016Ronald E TalbotCOOSell1,688$32.46$54,792.48View SEC Filing  
3/2/2016Charles N EldredCFOSell14,000$31.80$445,200.00View SEC Filing  
3/2/2016Joseph Don TarryVPSell4,200$31.91$134,022.00View SEC Filing  
11/10/2015Bruce W WilkinsonDirectorBuy10,000$27.88$278,800.00View SEC Filing  
11/5/2015Ronald E TalbotCOOSell3,150$28.28$89,082.00View SEC Filing  
11/5/2015Ronald N DarnellSVPSell2,900$28.29$82,041.00View SEC Filing  
11/4/2015Charles N EldredCFOSell5,409$28.35$153,345.15View SEC Filing  
3/17/2015Joan B WoodardDirectorSell2,100$28.09$58,989.00View SEC Filing  
3/12/2015Thomas G SategnaVPSell11,565$27.74$320,813.10View SEC Filing  
3/4/2015E Renae ConleyDirectorBuy5,404$27.80$150,231.20View SEC Filing  
3/14/2014Thomas SategnaVPSell4,734$27.09$128,244.06View SEC Filing  
3/7/2014Charles EldredCFOSell1,041$25.97$27,034.77View SEC Filing  
3/6/2014Charles EldredCFOSell26,666$26.65$710,648.90View SEC Filing  
3/6/2014Joan WoodardDirectorSell7,500$26.65$199,875.00View SEC Filing  
3/5/2014Bonnie ReitzDirectorSell9,033$26.10$235,761.30View SEC Filing  
3/5/2014Thomas SategnaVPSell6,000$26.25$157,500.00View SEC Filing  
8/13/2013Bonnie S ReitzDirectorSell2,000$23.73$47,460.00View SEC Filing  
8/12/2013Bonnie ReitzDirectorSell1,950$23.73$46,273.50View SEC Filing  
8/8/2013Bonnie S ReitzDirectorSell1,000$23.91$23,910.00View SEC Filing  
3/13/2013Thomas G SategnaVPSell4,691$23.13$108,502.83View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for PNM Resources (NYSE:PNM)
DateHeadline
reuters.com logoBRIEF-PNM Resources expected to affirm company's 2016 consolidated ongoing earnings guidance (NYSE:PNM)
www.reuters.com - September 22 at 6:30 PM
finanznachrichten.de logoPNM RESOURCES INC (NYSE:PNM)
www.finanznachrichten.de - September 22 at 6:30 PM
finance.yahoo.com logoPositive Regulatory Relations A Plus For PNM Resources (NYSE:PNM)
finance.yahoo.com - September 22 at 6:30 PM
capitalcube.com logoPNM Resources, Inc. – Value Analysis (NYSE:PNM) : September 22, 2016 (NYSE:PNM)
www.capitalcube.com - September 22 at 6:30 PM
finance.yahoo.com logoPNM Resources Board Declares Quarterly Common Stock Dividend (NYSE:PNM)
finance.yahoo.com - September 21 at 10:52 AM
capitalcube.com logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : September 21, 2016 (NYSE:PNM)
www.capitalcube.com - September 21 at 10:52 AM
seekingalpha.com logoPNM Resources upgraded to Buy from Hold at Jefferies (NYSE:PNM)
seekingalpha.com - September 20 at 12:25 PM
finance.yahoo.com logoPNM Resources upgraded by Jefferies (NYSE:PNM)
finance.yahoo.com - September 20 at 12:04 PM
News IconInteresting PNM Put And Call Options For May 2017 (NYSE:PNM)
www.stockoptionschannel.com - September 19 at 11:20 AM
finance.yahoo.com logoPNM Resources Applauds Facebook Selection of New Mexico as Site for New Data Center (NYSE:PNM)
finance.yahoo.com - September 14 at 6:58 PM
nasdaq.com logoPNM Crosses Below Key Moving Average Level (NYSE:PNM)
www.nasdaq.com - September 11 at 10:50 AM
News IconPNM Resources Inc (NYSE:PNM) From The Analysts Point of View (NYSE:PNM)
www.nationaldailypress.com - September 9 at 11:36 AM
streetinsider.com logoPNM Resources (PNM) Files Response with NMPRC Seeking Ruling (NYSE:PNM)
www.streetinsider.com - August 30 at 10:09 AM
4-traders.com logoPNM RESOURCES INC : Other Events, Financial Statements and Exhibits (form 8-K) (NYSE:PNM)
www.4-traders.com - August 30 at 10:09 AM
biz.yahoo.com logoPNM RESOURCES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PNM)
biz.yahoo.com - August 30 at 10:09 AM
4-traders.com logoPNM Resources : Seeks NMPRC Ruling in Rate Case (NYSE:PNM)
www.4-traders.com - August 29 at 6:38 PM
finance.yahoo.com logoPNM Seeks NMPRC Ruling in Rate Case (NYSE:PNM)
finance.yahoo.com - August 29 at 6:38 PM
reuters.com logoBRIEF-New Mexico Public Regulation Commission orders extension in PNM general rate case schedule (NYSE:PNM)
www.reuters.com - August 25 at 12:00 PM
4-traders.com logoPNM Resources : NMPRC Orders Extension in PNM General Rate Case Schedule (NYSE:PNM)
www.4-traders.com - August 25 at 12:00 PM
bizjournals.com logoPNM rate case could be reopened (NYSE:PNM)
www.bizjournals.com - August 25 at 12:00 PM
bizjournals.com logoEnergy storage summit brings big hitters to NM (NYSE:PNM)
www.bizjournals.com - August 23 at 6:59 PM
nasdaq.com logoOctober 21st Options Now Available For PNM Resources (PNM) (NYSE:PNM)
www.nasdaq.com - August 22 at 6:49 PM
bizjournals.com logoUtah energy plan for Facebook data center sails through (NYSE:PNM)
www.bizjournals.com - August 18 at 7:03 PM
bizjournals.com logoPNM gets go-ahead on Facebook energy plan (NYSE:PNM)
www.bizjournals.com - August 17 at 7:10 PM
forbes.com logoShares of PNM Now Oversold (NYSE:PNM)
www.forbes.com - August 17 at 12:21 PM
finance.yahoo.com logo6:31 am PNM Resources reaffirms FY 16 EPS guidance of $1.55-1.65 vs Capital IQ Consensus estimate of $1.59; Mgmt. will meet with analysts and investors this week in Wisconsin (NYSE:PNM)
finance.yahoo.com - August 17 at 9:54 AM
capitalcube.com logoETF’s with exposure to PNM Resources, Inc. : August 16, 2016 (NYSE:PNM)
www.capitalcube.com - August 16 at 7:00 PM
investopedia.com logoTime to Buy These Stocks at Support (NYSE:PNM)
www.investopedia.com - August 15 at 7:14 PM
reuters.com logoBRIEF-PNM Resources sees FY 2016 earnings per share $1.55-$1.65 from cont ops (NYSE:PNM)
www.reuters.com - August 10 at 7:21 PM
finance.yahoo.com logoPNM Resources Reports Second Quarter Results (NYSE:PNM)
finance.yahoo.com - August 10 at 7:21 PM
cnbc.com logoPNM Resources beats 2Q profit forecasts (NYSE:PNM)
www.cnbc.com - August 10 at 7:21 PM
nasdaq.com logoPNM Resources Inc. Reports Better Than Expected Q2 Earnings (NYSE:PNM)
www.nasdaq.com - August 10 at 7:21 PM
capitalcube.com logoPNM Resources, Inc. :PNM-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:PNM)
www.capitalcube.com - August 10 at 7:21 PM
finance.yahoo.com logoEdited Transcript of PNM earnings conference call or presentation 9-Aug-16 3:00pm GMT (NYSE:PNM)
finance.yahoo.com - August 10 at 9:59 AM
biz.yahoo.com logoQ2 2016 PNM Resources Inc Earnings Release - After Market Close (NYSE:PNM)
biz.yahoo.com - August 8 at 11:38 AM
News IconHearing Examiner Issues Recommendation in PNM General Rate Case (NYSE:PNM)
www.news9.com - August 5 at 9:55 AM
fidaily.com logoWith Shares Trading down at $33.46 Hearing Examiner Issues Recommendation… (NYSE:PNM)
www.fidaily.com - August 5 at 9:55 AM
bizjournals.com logoPNM rate increase receives tough scrutiny from hearing examiner (NYSE:PNM)
www.bizjournals.com - August 5 at 9:55 AM
nasdaq.com logoEx-Dividend Reminder: PNM Resources, California Water Service Group and Meridian Bioscience (NYSE:PNM)
www.nasdaq.com - August 2 at 11:52 AM
bizjournals.com logoPNM's facing some tough questions on its $87M smart meter plan (NYSE:PNM)
www.bizjournals.com - July 29 at 4:40 PM
capitalcube.com logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : July 29, 2016 (NYSE:PNM)
www.capitalcube.com - July 29 at 8:18 AM
finance.yahoo.com logoPNM Resources Schedules 2016 Second Quarter Earnings Announcement and Conference Call (NYSE:PNM)
finance.yahoo.com - July 26 at 6:30 AM
bizjournals.com logoPublic hearing set for Facebook data center energy needs (NYSE:PNM)
www.bizjournals.com - July 13 at 7:20 PM
bizjournals.com logoHere's what Facebook wants in its potential NM data center (NYSE:PNM)
www.bizjournals.com - July 8 at 8:15 PM
News IconLeadership NM announces Core graduates (NYSE:PNM)
www.abqjournal.com - July 4 at 11:32 AM
marketwatch.com logoThe Largest Company in Every State (NYSE:PNM)
www.marketwatch.com - June 24 at 6:58 PM
247wallst.com logo8 All American Companies Which Could Care Less About Brexit (NYSE:PNM)
247wallst.com - June 24 at 10:32 AM
marketwatch.com logoTom Fanning Elected EEI Chairman; Chris Crane, Pat Vincent-Collawn, and Greg Abel Elected Vice Chairmen (NYSE:PNM)
www.marketwatch.com - June 14 at 6:41 PM
gurufocus.com logoMario Gabelli Comments on PNM Resources Inc. (NYSE:PNM)
www.gurufocus.com - June 9 at 7:18 PM
finance.yahoo.com logoPNM Declares Preferred Dividend (NYSE:PNM)
finance.yahoo.com - June 9 at 6:47 PM

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PNM Resources (NYSE:PNM) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff