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NYSE:PNM

PNM Resources (PNM) Stock Forecast, Price & News

$44.74
-0.02 (-0.04%)
(As of 03:45 PM ET)
Compare
Today's Range
$44.55
$44.94
50-Day Range
$43.79
$45.80
52-Week Range
$42.75
$49.60
Volume
399,574 shs
Average Volume
573,334 shs
Market Capitalization
$3.84 billion
P/E Ratio
16.15
Dividend Yield
3.29%
Price Target
$51.08

PNM Resources MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
13.9% Upside
$51.08 Price Target
Short Interest
Healthy
1.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.89
Upright™ Environmental Score
News Sentiment
0.91mentions of PNM Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.99%
From $2.72 to $2.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Utilities Sector

50th out of 85 stocks

Electric Services Industry

26th out of 41 stocks


PNM stock logo

About PNM Resources (NYSE:PNM) Stock

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 communication, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal 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 headquartered in Albuquerque, New Mexico.

PNM Price History

PNM Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
PNM Resources' (PNM) "Neutral" Rating Reiterated at Citigroup
PNM Resources (NYSE:PNM) Hits New 52-Week Low at $42.75
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
RBC Capital Keeps Their Hold Rating on Pnm Resources (PNM)
PNM Resources Inc. Q2 Profit Climbs, but misses estimates
Q2 2023 PNM Resources Inc Earnings Call
PNM Resources (PNM) Surpasses Q2 Earnings Estimates
PNM Resources Reports Second Quarter 2023 Results
RBC Capital Remains a Hold on Pnm Resources (PNM)
See More Headlines
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PNM Company Calendar

Last Earnings
8/04/2023
Ex-Dividend for 8/25 Dividend
8/10/2023
Dividend Payable
8/25/2023
Today
9/25/2023
Ex-Dividend for 11/10 Dividend
10/26/2023
Next Earnings (Estimated)
11/03/2023
Dividend Payable
11/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
69349H10
Employees
1,500
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$51.08
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+14.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$170.06 million
Pretax Margin
12.77%

Debt

Sales & Book Value

Annual Sales
$2.25 billion
Cash Flow
$6.68 per share
Book Value
$26.15 per share

Miscellaneous

Free Float
84,685,000
Market Cap
$3.84 billion
Optionable
Optionable
Beta
0.41

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Key Executives

  • Ms. Patricia K. Vincent-Collawn (Age 64)
    Chairman & CEO
  • Mr. Joseph D. Tarry (Age 53)
    Pres & COO
    Comp: $1.07M
  • Ms. Elisabeth A. Eden (Age 56)
    Sr. VP, CFO & Treasurer
    Comp: $733.49k
  • Mr. Patrick V. Apodaca (Age 71)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $780.35k
  • Mr. Michael Patrick Mertz
    VP & Chief Information Officer
  • Ms. Lisa Goodman
    Director of Investor Relations
  • Ms. Rebecca R. Teague
    VP of HR
  • Mr. Henry E. Monroy
    VP of Regulatory & Corp. Controller













PNM Stock - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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 forecast for 2023?

4 Wall Street analysts have issued 1-year price objectives for PNM Resources' stock. Their PNM share price forecasts range from $48.00 to $55.00. On average, they anticipate the company's share price to reach $51.08 in the next year. This suggests a possible upside of 14.1% 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 beginning of 2023. Since then, PNM stock has decreased by 8.3% and is now trading at $44.76.
View the best growth stocks for 2023 here
.

When is PNM Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our PNM earnings forecast
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) posted its quarterly earnings data on Friday, August, 4th. The utilities provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by $0.01. The utilities provider earned $477.20 million during the quarter, compared to analyst estimates of $446.75 million. PNM Resources had a trailing twelve-month return on equity of 10.31% and a net margin of 10.26%. The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS.

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

PNM Resources declared a quarterly dividend on Tuesday, September 19th. Investors of record on Friday, October 27th will be paid a dividend of $0.368 per share on Friday, November 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, October 26th. This is a positive change from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for PNM
.

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 3.28%. 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 53.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM will have a dividend payout ratio of 50.52% 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 Friday, August, 4th. 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. (12.69%), State Street Corp (3.69%), Hudson Bay Capital Management LP (2.18%), Geode Capital Management LLC (2.01%), Dimensional Fund Advisors LP (1.73%) and Gabelli Funds LLC (1.64%).
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 $44.76.

How much money does PNM Resources make?

PNM Resources (NYSE:PNM) has a market capitalization of $3.84 billion and generates $2.25 billion in revenue each year. The utilities provider earns $170.06 million in net income (profit) each year or $2.77 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 9/25/2023 by MarketBeat.com Staff

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