PNM Resources Company Profile (NYSE:PNM)

About PNM Resources (NYSE:PNM)

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 (PNM) and Texas-New Mexico Power Company (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. 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. The Corporate and Other segment includes PNMR holding company activities, related to corporate level debt and PNMR Services Company.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Diversified Utilities
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:PNM
  • CUSIP: 69349H10
  • Web:
  • Market Cap: $3 billion
  • Outstanding Shares: 79,653,000
Average Prices:
  • 50 Day Moving Avg: $37.33
  • 200 Day Moving Avg: $35.22
  • 52 Week Range: $30.95 - $38.39
  • Trailing P/E Ratio: 23.29
  • Foreward P/E Ratio: 20.94
  • P/E Growth: 2.96
Sales & Book Value:
  • Annual Revenue: $1.38 billion
  • Price / Sales: 2.18
  • Book Value: $21.17 per share
  • Price / Book: 1.78
  • Annual Dividend: $0.97
  • Dividend Yield: 2.6%
  • EBIDTA: $541.8 million
  • Net Margins: 0.07%
  • Return on Equity: 7.14%
  • Return on Assets: 1.98%
  • Debt-to-Equity Ratio: 1.26%
  • Current Ratio: 0.57%
  • Quick Ratio: 0.47%
  • Average Volume: 599,956 shs.
  • Beta: 0.3
  • Short Ratio: 5.36

Frequently Asked Questions for PNM Resources (NYSE:PNM)

What is PNM Resources' stock symbol?

PNM Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNM."

How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources?

PNM Resources declared a quarterly dividend on Friday, February 24th. Stockholders of record on Monday, May 1st will be given a dividend of $0.2425 per share on Monday, May 15th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, April 27th. View PNM Resources' Dividend History.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) announced its quarterly earnings results on Friday, April, 28th. The company reported $0.28 EPS for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.04. The business had revenue of $330.20 million for the quarter. PNM Resources had a net margin of 0.07% and a return on equity of 7.14%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. View PNM Resources' Earnings History.

When will PNM Resources make its next earnings announcement?

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, July, 28th 2017. View Earnings Estimates for PNM Resources.

What guidance has PNM Resources issued on next quarter's earnings?

PNM Resources updated its FY17 earnings guidance on Friday, April, 28th. The company provided EPS guidance of $1.77-$1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82.

Where is PNM Resources' stock going? Where will PNM Resources' stock price be in 2017?

8 brokers have issued twelve-month price targets for PNM Resources' shares. Their forecasts range from $32.25 to $38.00. On average, they anticipate PNM Resources' share price to reach $35.97 in the next year. View Analyst Ratings for PNM Resources.

What are analysts saying about PNM Resources stock?

Here are some recent quotes from research analysts about PNM Resources stock:

  • 1. According to Zacks Investment Research, "PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S. " (4/12/2017)
  • 2. Jefferies Group LLC analysts commented, "PNM Resources 4Q16 operating earnings were $0.34 per share, versus $0.23 last year, our estimate of $0.35 and Consensus of $0.31. Results were driven by strong performance at both utilities. The company is hopeful for a settlement in their recently filed NM rate case by the March 27 filing date. Given the uncertainty with a settlement we maintain our Hold rating since a litigated track will cause the name to trade at a discount." (3/1/2017)

Who are some of PNM Resources' key competitors?

Who are PNM Resources' key executives?

PNM Resources' management team includes the folowing people:

  • Patricia K. Collawn, Chairman of the Board, President, Chief Executive Officer
  • Charles N. Eldred, Chief Financial Officer, Executive Vice President
  • Patrick V. Apodaca, Senior Vice President, General Counsel, Secretary
  • Ronald N. Darnell, Senior Vice President - Public Policy
  • Joseph Don Tarry, Vice President - Finance, Controller
  • Norman P. Becker, Independent Director
  • E. Renae Conley, Independent Director
  • Alan J. Fohrer, Independent Director
  • Sidney M. Gutierrez, Independent Director
  • Maureen T. Mullarkey, Independent Director

Who owns PNM Resources stock?

PNM Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.66%), Vanguard Group Inc. (8.89%), Gabelli Funds LLC (3.79%), Alliancebernstein L.P. (3.68%), Goldman Sachs Group Inc. (3.42%) and State Street Corp (3.41%). Company insiders that own PNM Resources stock include Bruce W Wilkinson, Charles N Eldred, Joseph Don Tarry, Patrick V Apodaca, Ronald E Talbot and Ronald N Darnell. View Institutional Ownership Trends for PNM Resources.

Who sold PNM Resources stock? Who is selling PNM Resources stock?

PNM Resources' stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Mesirow Financial Investment Management Equity Management, JPMorgan Chase & Co., James Investment Research Inc., Morgan Stanley, FMR LLC, AQR Capital Management LLC and Blackstart Capital LP. View Insider Buying and Selling for PNM Resources.

Who bought PNM Resources stock? Who is buying PNM Resources stock?

PNM Resources' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Cambiar Investors LLC, Jennison Associates LLC, United Services Automobile Association, Vanguard Group Inc., Ameriprise Financial Inc., Renaissance Technologies LLC and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for PNM Resources.

How do I buy PNM Resources stock?

Shares of PNM Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM Resources stock can currently be purchased for approximately $37.70.

MarketBeat Community Rating for PNM Resources (NYSE PNM)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  160 (Vote Outperform)
Underperform Votes:  211 (Vote Underperform)
Total Votes:  371
MarketBeat's community ratings are surveys of what our community members think about PNM Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for PNM Resources (NYSE:PNM) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.13)
Consensus Price Target: $35.97 (4.59% downside)

Analysts' Ratings History for PNM Resources (NYSE:PNM)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/19/2017MizuhoInitiated CoverageUnderperform$32.25MediumView Rating Details
3/31/2017Evercore ISIInitiated CoverageIn-Line$36.00LowView Rating Details
3/9/2017Royal Bank of CanadaBoost Price TargetOutperform$37.00 -> $38.00LowView Rating Details
3/1/2017Barclays PLCReiterated RatingHold$36.00N/AView Rating Details
3/1/2017Williams CapitalDowngradeBuy -> Hold$35.00 -> $36.00N/AView Rating Details
3/1/2017Jefferies Group LLCBoost Price TargetHold$36.50N/AView Rating Details
9/26/2016SunTrust Banks, Inc.Boost Price TargetNeutral$34.00 -> $35.00N/AView Rating Details
9/22/2016ArgusLower Price TargetBuy$40.00 -> $38.00N/AView Rating Details
3/2/2016Robert W. BairdReiterated RatingBuyN/AView Rating Details
12/14/2015GabelliUpgradeHold -> Buy$36.00N/AView Rating Details
(Data available from 5/29/2015 forward)


Earnings History for PNM Resources (NYSE:PNM)
Earnings by Quarter for PNM Resources (NYSE:PNM)
Earnings History by Quarter for PNM Resources (NYSE:PNM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/28/2017Q1 17$0.24$0.28$330.20 millionViewN/AView Earnings Details
2/28/2017Q416$0.31$0.34$310.00 million$1.00 millionViewN/AView Earnings Details
10/28/2016Q316$0.75$0.78$740.00 million$400.37 millionViewListenView Earnings Details
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$370.00 million$335.90 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$300.50 million$346.85 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)
2017 EPS Consensus Estimate: $1.80
2018 EPS Consensus Estimate: $1.88
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.19$0.29$0.25
Q2 20174$0.40$0.45$0.43
Q3 20173$0.80$0.87$0.84
Q4 20173$0.25$0.33$0.28
Q1 20182$0.23$0.26$0.25
Q2 20182$0.42$0.49$0.46
Q3 20182$0.81$0.92$0.87
Q4 20182$0.24$0.39$0.32
Q1 20191$0.31$0.31$0.31
(Data provided by Zacks Investment Research)


Current Dividend Information for PNM Resources (NYSE:PNM)
Most Recent Dividend:5/15/2017
Annual Dividend:$0.97
Dividend Yield:2.57%
Dividend Growth:1.00% (3 Year Average)
Payout Ratio:53.30% (Based on This Year's Estimates)
53.89% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for PNM Resources (NYSE:PNM)

Dividend History by Quarter for PNM Resources (NYSE:PNM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for PNM Resources (NYSE:PNM)
Insider Ownership Percentage: 1.22%
Institutional Ownership Percentage: 93.48%
Insider Trades by Quarter for PNM Resources (NYSE:PNM)
Institutional Ownership by Quarter for PNM Resources (NYSE:PNM)
Insider Trades by Quarter for PNM Resources (NYSE:PNM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/6/2017Charles N EldredCFOSell4,000$36.40$145,600.00View SEC Filing  
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)


Headline Trends for PNM Resources (NYSE:PNM)
Latest Headlines for PNM Resources (NYSE:PNM)
DateHeadline logoPNM Resources Inc (PNM) Given Average Recommendation of "Hold" by Analysts - May 26 at 7:53 AM logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : May 24, 2017 - May 24 at 10:03 AM logo$0.43 Earnings Per Share Expected for PNM Resources Inc (PNM) This Quarter - May 11 at 2:14 PM logoJefferies Group Weighs in on PNM Resources Inc's FY2018 Earnings (PNM) - May 10 at 2:12 PM logoFY2018 EPS Estimates for PNM Resources Inc (PNM) Reduced by Analyst - May 10 at 2:12 PM logoPNM Resources' (PNM) Affiliate Files for Rate Settlement - May 9 at 6:51 PM logoFY2018 EPS Estimates for PNM Resources Inc Lowered by Gabelli (PNM) - May 9 at 11:28 AM logoPNM Resources' (PNM) Affiliate Files for Rate Settlement - May 9 at 11:03 AM logoSunTrust Banks Equities Analysts Reduce Earnings Estimates for PNM Resources Inc (PNM) - May 9 at 10:24 AM logoEquities Analysts Offer Predictions for PNM Resources Inc's Q2 2017 Earnings (PNM) - May 9 at 7:20 AM logoPNM Resources (PNM) Proposes Settlement to New Mexico Public Regulation Commission Over Request for Retail Customer Rate Increases - May 5 at 7:31 PM logoPNM Files Settlement in General Rate Case - May 5 at 7:31 PM logoETFs with exposure to PNM Resources, Inc. : May 4, 2017 - May 4 at 7:27 PM logoSomewhat Positive News Coverage Very Likely to Affect PNM Resources (PNM) Stock Price - May 3 at 9:40 PM logoPNM Resources, Inc. breached its 50 day moving average in a Bearish Manner : PNM-US : May 3, 2017 - May 3 at 7:44 PM logoPNM Resources, Inc. :PNM-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017 - May 3 at 7:44 PM logoFY2018 EPS Estimates for PNM Resources Inc Cut by Jefferies Group (PNM) - May 3 at 5:14 PM logoPNM Resources Inc (PNM) to Post Q4 2017 Earnings of $0.25 Per Share, SunTrust Banks Forecasts - May 3 at 3:22 PM logoJefferies Group Comments on PNM Resources Inc's Q2 2017 Earnings (PNM) - May 2 at 8:12 AM logoPNM Resources Inc (PNM) Given Consensus Rating of "Hold" by Brokerages - May 1 at 10:37 AM logoPNM Resources (PNM) Earns News Sentiment Rating of 0.25 - April 30 at 4:33 PM logoEdited Transcript of PNM earnings conference call or presentation 28-Apr-17 3:00pm GMT - April 29 at 7:42 PM logoPNM Resources Inc (PNM) Issues Quarterly Earnings Results - April 29 at 1:27 AM logoPNM Resources, Inc. 2017 Q1 - Results - Earnings Call Slides - April 29 at 1:19 AM logoBRIEF-PNM Resources qtrly GAAP diluted EPS $0.29 - April 28 at 3:16 PM logoPNM Resources Inc. Q1 Earnings Climb 105% - April 28 at 3:16 PM logoPNM reaches agreement for framework of a deal on rate case - April 28 at 3:16 PM logoPNM Resources Inc (PNM) Updates FY17 Earnings Guidance - April 28 at 10:56 AM logoPNM Resources Reports First Quarter Results, Affirms 2017 Earnings Guidance - April 28 at 8:19 AM logoPNM Resources beats 1Q profit forecasts - April 28 at 7:00 AM logoPNM Resources, Inc. : PNM-US: Dividend Analysis : May 01st, 2017 (record date) : By the numbers : April 27, 2017 - April 27 at 7:45 PM logoPNM Resources (PNM) Earning Somewhat Favorable Media Coverage, Study Finds - April 27 at 6:56 PM logoPNM Resources Inc to Post FY2019 Earnings of $2.10 Per Share, SunTrust Banks Forecasts (PNM) - April 25 at 3:44 PM logoFavorable Media Coverage Likely to Impact PNM Resources (PNM) Share Price - April 24 at 3:50 PM logoPNM Resources Inc (PNM) Now Covered by Analysts at Mizuho - April 23 at 8:08 AM logoPNM Planning a Cleaner Energy Future - April 21 at 8:32 AM logoPNM Resources Inc (PNM) Expected to Earn Q1 2017 Earnings of $0.25 Per Share - April 21 at 7:33 AM logoPNM Resources Inc (PNM) Expected to Announce Earnings of $0.25 Per Share - April 20 at 8:27 PM logoPNM Resources (PNM) Getting Positive Media Coverage, Report Finds - April 20 at 8:10 PM logoPNM Resources Inc (PNM) to Post Q1 2017 Earnings of $0.26 Per Share, KeyCorp Forecasts - April 20 at 8:11 AM logoPNM Resources (PNM) Receives Daily Media Impact Rating of 0.31 - April 17 at 1:42 PM logoPNM Resources (PNM) Receiving Favorable Media Coverage, Study Finds - April 14 at 2:26 PM logoPNM Resources Inc (PNM) Downgraded by Zacks Investment Research - April 12 at 7:35 AM logoPNM Resources to Announce 2017 First Quarter Earnings on April 28 - April 7 at 11:59 AM logoPNM Resources Inc (PNM) Receives New Coverage from Analysts at Evercore ISI - April 6 at 9:31 AM logoPNM Resources Inc (PNM) Receives Average Recommendation of "Hold" from Brokerages - April 4 at 12:31 PM logoPNM Resources Inc (PNM) Coverage Initiated by Analysts at Evercore ISI - March 31 at 12:38 PM logoZacks Investment Research Downgrades PNM Resources Inc (PNM) to Sell - March 31 at 10:26 AM logoPNM Rate Case Settlement Period Extension Requested - March 18 at 12:28 AM logoBRIEF-PNM Resources Inc says PNM Resources Management to meet with investors - March 17 at 7:27 PM



PNM Resources (PNM) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by Staff