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, 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: $31.90
  • 50 Day Moving Average: $32.45
  • 200 Day Moving Average: $33.01
  • 52-Week Range: $79,653,000.00 - $26.56
  • Trailing P/E Ratio: 350.55
  • Foreward P/E Ratio: 17.43
  • P/E Growth: 3.37
  • Market Cap: $2.54B
  • Outstanding Shares: 79,653,000
  • Beta: 0.38
  • Net Margins: 0.54%
  • Return on Equity: 7.00%
  • Return on Assets: 1.99%
  • 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: 1 Hold Rating, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.88)
Consensus Price Target: $36.25 (13.64% upside)

Analysts' Ratings History for PNM Resources (NYSE:PNM)
DateFirmActionRatingPrice TargetDetails
10/4/2016Williams CapitalUpgradeHold -> Buy$35.00View Rating Details
9/29/2016Jefferies GroupReiterated RatingBuy$37.50View Rating Details
9/26/2016SunTrust Banks Inc.Boost Price TargetNeutral$34.00 -> $35.00View Rating Details
9/22/2016ArgusLower Price TargetBuy$40.00 -> $38.00View 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 10/23/2014 forward)


Earnings History for PNM Resources (NYSE:PNM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for PNM Resources (NYSE:PNM)
Current Year EPS Consensus Estimate: $1.58 EPS
Next Year EPS Consensus Estimate: $1.83 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.13$0.15$0.14
Q2 20162$0.35$0.40$0.38
Q3 20164$0.74$0.75$0.75
Q4 20163$0.15$0.33$0.26
Q1 20172$0.15$0.18$0.17
Q2 20172$0.46$0.47$0.47
Q3 20172$0.84$0.86$0.85
Q4 20172$0.28$0.38$0.33
Q1 20181$0.17$0.17$0.17
Q2 20181$0.53$0.53$0.53
(Data provided by Zacks Investment Research)


Current Dividend Information for PNM Resources (NYSE:PNM)
Annual Dividend:$0.88
Dividend Yield:2.76%
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)
48.09% (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
(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: 92.58%
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)


Latest Headlines for PNM Resources (NYSE:PNM)
DateHeadline logoPNM Resources : to Announce 2016 Third Quarter Earnings on October 28 (NYSE:PNM) - October 14 at 6:36 PM
News IconUpdate on PNM Resources, Inc. (NYSE:PNM) for the day (NYSE:PNM) - October 14 at 6:36 PM logoPNM Resources, Inc. : PNM-US: Dividend Analysis : August 08th, 2016 (record date) : By the numbers : October 14, 2016 (NYSE:PNM) - October 14 at 6:36 PM logoPNM Resources to Announce 2016 Third Quarter Earnings on October 28 (NYSE:PNM) - October 14 at 10:04 AM logoBRIEF-PNM Resources expected to affirm company's 2016 consolidated ongoing earnings guidance of $1.55 to $1.65 per diluted share (NYSE:PNM) - October 7 at 11:59 AM logoPNM Resources, Inc. breached its 50 day moving average in a Bearish Manner : PNM-US : October 3, 2016 (NYSE:PNM) - October 3 at 11:27 AM logoPNM rate case headed to court (NYSE:PNM) - September 29 at 6:45 PM logoBRIEF-PNM Resources Management is expected to affirm company's 2016 consolidated ongoing earnings guidance (NYSE:PNM) - September 29 at 11:59 AM logoPNM Resources : Commission Approves Order in PNM General Rate Case (NYSE:PNM) - September 29 at 11:59 AM logoPNM Resources Management to Meet with Investors (NYSE:PNM) - September 29 at 11:59 AM logoPNM rate case decided to tune of $65.7 million (NYSE:PNM) - September 28 at 6:37 PM logoPNM RESOURCES INC Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance (NYSE:PNM) - September 27 at 6:42 PM logoBRIEF-PNM Resources expected to affirm company's 2016 consolidated ongoing earnings guidance (NYSE:PNM) - September 22 at 6:30 PM logoPNM RESOURCES INC (NYSE:PNM) - September 22 at 6:30 PM logoPositive Regulatory Relations A Plus For PNM Resources (NYSE:PNM) - September 22 at 6:30 PM logoPNM Resources, Inc. – Value Analysis (NYSE:PNM) : September 22, 2016 (NYSE:PNM) - September 22 at 6:30 PM logoPNM Resources Board Declares Quarterly Common Stock Dividend (NYSE:PNM) - September 21 at 10:52 AM logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : September 21, 2016 (NYSE:PNM) - September 21 at 10:52 AM logoPNM Resources upgraded to Buy from Hold at Jefferies (NYSE:PNM) - September 20 at 12:25 PM logoPNM Resources upgraded by Jefferies (NYSE:PNM) - September 20 at 12:04 PM
News IconInteresting PNM Put And Call Options For May 2017 (NYSE:PNM) - September 19 at 11:20 AM logoPNM Resources Applauds Facebook Selection of New Mexico as Site for New Data Center (NYSE:PNM) - September 14 at 6:58 PM logoPNM Crosses Below Key Moving Average Level (NYSE:PNM) - September 11 at 10:50 AM
News IconPNM Resources Inc (NYSE:PNM) From The Analysts Point of View (NYSE:PNM) - September 9 at 11:36 AM logoPNM Resources (PNM) Files Response with NMPRC Seeking Ruling (NYSE:PNM) - August 30 at 10:09 AM logoPNM RESOURCES INC : Other Events, Financial Statements and Exhibits (form 8-K) (NYSE:PNM) - August 30 at 10:09 AM logoPNM RESOURCES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PNM) - August 30 at 10:09 AM logoPNM Resources : Seeks NMPRC Ruling in Rate Case (NYSE:PNM) - August 29 at 6:38 PM logoPNM Seeks NMPRC Ruling in Rate Case (NYSE:PNM) - August 29 at 6:38 PM logoBRIEF-New Mexico Public Regulation Commission orders extension in PNM general rate case schedule (NYSE:PNM) - August 25 at 12:00 PM logoPNM Resources : NMPRC Orders Extension in PNM General Rate Case Schedule (NYSE:PNM) - August 25 at 12:00 PM logoPNM rate case could be reopened (NYSE:PNM) - August 25 at 12:00 PM logoEnergy storage summit brings big hitters to NM (NYSE:PNM) - August 23 at 6:59 PM logoOctober 21st Options Now Available For PNM Resources (PNM) (NYSE:PNM) - August 22 at 6:49 PM logoUtah energy plan for Facebook data center sails through (NYSE:PNM) - August 18 at 7:03 PM logoPNM gets go-ahead on Facebook energy plan (NYSE:PNM) - August 17 at 7:10 PM logoShares of PNM Now Oversold (NYSE:PNM) - August 17 at 12:21 PM 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) - August 17 at 9:54 AM logoETF’s with exposure to PNM Resources, Inc. : August 16, 2016 (NYSE:PNM) - August 16 at 7:00 PM logoTime to Buy These Stocks at Support (NYSE:PNM) - August 15 at 7:14 PM logoBRIEF-PNM Resources sees FY 2016 earnings per share $1.55-$1.65 from cont ops (NYSE:PNM) - August 10 at 7:21 PM logoPNM Resources Reports Second Quarter Results (NYSE:PNM) - August 10 at 7:21 PM logoPNM Resources beats 2Q profit forecasts (NYSE:PNM) - August 10 at 7:21 PM logoPNM Resources Inc. Reports Better Than Expected Q2 Earnings (NYSE:PNM) - August 10 at 7:21 PM logoPNM Resources, Inc. :PNM-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:PNM) - August 10 at 7:21 PM logoEdited Transcript of PNM earnings conference call or presentation 9-Aug-16 3:00pm GMT (NYSE:PNM) - August 10 at 9:59 AM logoQ2 2016 PNM Resources Inc Earnings Release - After Market Close (NYSE:PNM) - August 8 at 11:38 AM
News IconHearing Examiner Issues Recommendation in PNM General Rate Case (NYSE:PNM) - August 5 at 9:55 AM logoWith Shares Trading down at $33.46 Hearing Examiner Issues Recommendation… (NYSE:PNM) - August 5 at 9:55 AM logoPNM rate increase receives tough scrutiny from hearing examiner (NYSE:PNM) - August 5 at 9:55 AM


PNM Resources (NYSE:PNM) Chart for Sunday, October, 23, 2016

Last Updated on 10/23/2016 by Staff