NYSE:PNM PNM Resources (PNM) Stock Forecast, Price & News $46.32 -0.13 (-0.28%) (As of 05:33 PM ET) Add Compare Share Share Today's Range$46.10▼$46.8350-Day Range$45.12▼$49.0652-Week Range$43.43▼$49.60Volume276,132 shsAverage Volume633,536 shsMarket Capitalization$3.98 billionP/E Ratio19.14Dividend Yield3.17%Price Target$51.10 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability PNM Resources MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside10.3% Upside$51.10 Price TargetShort InterestHealthy2.14% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews Sentiment1.12Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth6.72%From $2.68 to $2.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.32 out of 5 starsUtilities Sector65th out of 87 stocksElectric Services Industry31st out of 43 stocks 2.2 Analyst's Opinion Consensus RatingPNM Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.10, PNM Resources has a forecasted upside of 10.3% from its current price of $46.32.Amount of Analyst CoveragePNM Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.14% of the float of PNM Resources has been sold short.Short Interest Ratio / Days to CoverPNM Resources has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PNM Resources has recently increased by 25.69%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldPNM Resources pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPNM Resources has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of PNM Resources is 60.74%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, PNM Resources will have a dividend payout ratio of 51.40% 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 2.8 News and Social Media Coverage News SentimentPNM Resources has a news sentiment score of 1.12. 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 0.54 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for PNM Resources this week, compared to 3 articles on an average week.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 Institutions89.88% 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 6.72% in the coming year, from $2.68 to $2.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 19.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.36.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 19.14, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.39.Price to Earnings Growth RatioPNM Resources has a PEG Ratio of 4.13. 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 1.77. 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 About PNM Resources (NYSE:PNM) StockPNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.Read More 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 PNM Stock News HeadlinesJune 5, 2023 | msn.comPNM Foundation awards $50,000 in grants to two San Juan County nonprofit organizationsMay 30, 2023 | msn.comNew Mexico nonprofit led by PNM employees gives $700,000 in grantsJune 9, 2023 | PressReach (Ad)Uranium Prices Surge as Nuclear Energy Becomes KeyRenewed interest in uranium and rising prices have created a favorable environment for new projects.May 25, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Downgraded by StockNews.com to "Hold"May 20, 2023 | finance.yahoo.comPNM Resources, Inc.'s (NYSE:PNM) Intrinsic Value Is Potentially 26% Below Its Share PriceMay 20, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Upgraded to "Buy" by Siebert Williams ShankMay 19, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Raised to Buy at StockNews.comMay 18, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Sees Strong Trading VolumeJune 9, 2023 | PressReach (Ad)Uranium Prices Surge as Nuclear Energy Becomes KeyRenewed interest in uranium and rising prices have created a favorable environment for new projects.May 18, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Rating Increased to Buy at StockNews.comMay 17, 2023 | markets.businessinsider.comMizuho Securities Keeps Their Hold Rating on Pnm Resources (PNM)May 16, 2023 | bizjournals.comNew Mexico Supreme Court denies PNM-Avangrid merger appealMay 15, 2023 | news.yahoo.comState Supreme Court denies request to remand PNM/Avangrid merger to PRCMay 15, 2023 | seekingalpha.comPNM Resources, Avangrid halted as New Mexico Supreme Court denies remandMay 15, 2023 | finance.yahoo.comAVANGRID: New Mexico Supreme Court Denies Motion to Dismiss and Remand Merger Appeal, Schedules Oral ArgumentMay 15, 2023 | msn.comPNM Resources, Avangrid halted as New Mexico Supreme Court denies remand (update)May 15, 2023 | finance.yahoo.comNew Mexico Supreme Court denies motion to dismiss and remand merger appeal, schedules oral argumentMay 9, 2023 | markets.businessinsider.comPnm Resources (PNM) Receives a Hold from RBC CapitalMay 9, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Updates FY 2023 Earnings GuidanceMay 8, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Issues FY23 Earnings GuidanceMay 8, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Issues Earnings Results, Beats Estimates By $0.16 EPSMay 5, 2023 | bizjournals.comPNM CEO on Avangrid merger: 'You can’t hurry love … or mergers'May 5, 2023 | finance.yahoo.comPNM Resources (PNM) Q1 Earnings & Revenues Beat EstimatesMay 5, 2023 | markets.businessinsider.comPNM Resources Inc. Q1 Profit Increases, beats estimatesMay 5, 2023 | msn.comPNM Resources: Q1 Earnings InsightsMay 5, 2023 | msn.comPNM Resources GAAP EPS of $0.64 beats by $0.26, revenue of $544.07M beats by $83.93MMay 5, 2023 | finance.yahoo.comPNM Resources Reports First Quarter 2023 ResultsSee More Headlines PNM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PNM Company Calendar Ex-Dividend for 5/12 Dividend4/27/2023Last Earnings5/05/2023Dividend Payable5/12/2023Today6/09/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryElectric Utilities SectorUtilities Current SymbolNYSE:PNM CUSIP69349H10 CIK1108426 Webwww.pnmresources.com Phone(505) 241-2700Fax505-241-4311Employees1,500Year Founded1917Price Target and Rating Average Stock Price Forecast$51.10 High Stock Price Forecast$55.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+10.3%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.42 Trailing P/E Ratio19.14 Forward P/E Ratio17.29 P/E Growth4.13Net Income$170.06 million Net Margins8.89% Pretax Margin11.05% Return on Equity10.55% Return on Assets2.58% Debt Debt-to-Equity Ratio1.62 Current Ratio0.29 Quick Ratio0.24 Sales & Book Value Annual Sales$2.25 billion Price / Sales1.77 Cash Flow$6.63 per share Price / Cash Flow6.99 Book Value$26.15 per share Price / Book1.77Miscellaneous Outstanding Shares85,830,000Free Float84,685,000Market Cap$3.98 billion OptionableOptionable Beta0.42 Social Links Key ExecutivesPatricia K. Vincent-CollawnChairman & Chief Executive OfficerJoseph D. TarryPresident & Chief Operating OfficerElisabeth A EdenChief Financial Officer, Treasurer & Senior VPMike MertzChief Information Officer & Vice PresidentPatrick V. ApodacaSecretary, Senior Vice President & General CounselKey CompetitorsHawaiian Electric IndustriesNYSE:HEPortland General ElectricNYSE:POROtter TailNASDAQ:OTTRIDACORPNYSE:IDAOGE EnergyNYSE:OGEView All CompetitorsInstitutional OwnershipOntario Teachers Pension Plan BoardSold 8,619 shares on 6/1/2023Ownership: 0.061%Prelude Capital Management LLCBought 8,677 shares on 6/1/2023Ownership: 0.058%Macquarie Group Ltd.Sold 13,646 shares on 6/1/2023Ownership: 0.048%ProShare Advisors LLCBought 2,349 shares on 5/26/2023Ownership: 0.240%Water Island Capital LLCBought 105,000 shares on 5/25/2023Ownership: 1.467%View All Institutional Transactions PNM Stock - Frequently Asked Questions Should I buy or sell PNM Resources stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023? 3 analysts have issued 12 month price objectives for PNM Resources' stock. Their PNM share price forecasts range from $48.00 to $55.00. On average, they predict the company's share price to reach $51.10 in the next twelve months. This suggests a possible upside of 10.3% 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 2023? PNM Resources' stock was trading at $48.79 at the start of the year. Since then, PNM shares have decreased by 5.0% and is now trading at $46.33. View the best growth stocks for 2023 here. Are investors shorting PNM Resources? PNM Resources saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,810,000 shares, an increase of 25.7% from the April 30th total of 1,440,000 shares. Based on an average daily volume of 665,200 shares, the short-interest ratio is presently 2.7 days. Approximately 2.1% of the shares of the company are short sold. View PNM Resources' Short Interest. When is PNM Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our PNM earnings forecast. How were PNM Resources' earnings last quarter? PNM Resources, Inc. (NYSE:PNM) issued its quarterly earnings results on Friday, May, 5th. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.39 by $0.16. The utilities provider earned $544 million during the quarter, compared to analysts' expectations of $460.14 million. PNM Resources had a net margin of 8.89% and a trailing twelve-month return on equity of 10.55%. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources? PNM Resources announced a quarterly dividend on Tuesday, February 28th. Stockholders of record on Friday, April 28th will be given a dividend of $0.368 per share on Friday, May 12th. This represents a $1.47 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, April 27th. 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 ProShares Russell 2000 Dividend Growers ETF (SMDV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), iShares U.S. Infrastructure ETF (IFRA), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Principal U.S. Small-Cap Multi-Factor ETF (PSC), First Trust Value Line Dividend Index Fund (FVD), Hypatia Women CEO ETF (WCEO) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV). Is PNM Resources a good dividend stock? PNM Resources (NYSE:PNM) pays an annual dividend of $1.47 per share and currently has a dividend yield of 3.15%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM will have a dividend payout ratio of 51.40% 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 issued an update on its FY 2023 earnings guidance on Sunday, May, 7th. The company provided EPS guidance of $2.65-$2.75 for the period, compared to the consensus estimate of $2.72. 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). What is PNM Resources' stock symbol? PNM Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNM." Who are PNM Resources' major shareholders? PNM Resources' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (12.93%), PSquared Asset Management AG (4.77%), State Street Corp (3.93%), Geode Capital Management LLC (1.91%), Gabelli Funds LLC (1.88%) and Dimensional Fund Advisors LP (1.79%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is PNM Resources' stock price today? One share of PNM stock can currently be purchased for approximately $46.33. How much money does PNM Resources make? PNM Resources (NYSE:PNM) has a market capitalization of $3.98 billion and generates $2.25 billion in revenue each year. The utilities provider earns $170.06 million in net income (profit) each year or $2.42 on an earnings per share basis. How many employees does PNM Resources have? The company employs 1,500 workers across the globe. How can I contact PNM Resources? PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The official website for the company is www.pnmresources.com. The utilities provider can be reached via phone at (505) 241-2700, via email at lisa.goodman@pnmresources.com, or via fax at 505-241-4311. This page (NYSE:PNM) was last updated on 6/9/2023 by MarketBeat.com Staff 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. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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