PNM Resources, Inc. (Holding Co.) Company Profile (NYSE:PNM)

About PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

PNM Resources, Inc. (Holding Co.) 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: Electric Utilities
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:PNM
  • CUSIP: 69349H10
  • Web: www.pnmresources.com
Capitalization:
  • Market Cap: $3.36 billion
  • Outstanding Shares: 79,653,000
Average Prices:
  • 50 Day Moving Avg: $41.52
  • 200 Day Moving Avg: $39.55
  • 52 Week Range: $30.95 - $43.05
P/E:
  • Trailing P/E Ratio: 24.22
  • Foreward P/E Ratio: 23.98
  • P/E Growth: 3.24
Sales & Book Value:
  • Annual Revenue: $1.43 billion
  • Price / Sales: 2.35
  • Book Value: $21.68 per share
  • Price / Book: 1.95
Dividend:
  • Annual Dividend: $0.97
  • Dividend Yield: 2.3%
Profitability:
  • EBITDA: $569.83 million
  • Net Margins: 10.05%
  • Return on Equity: 8.57%
  • Return on Assets: 2.33%
Debt:
  • Debt-to-Equity Ratio: 1.22%
  • Current Ratio: 0.46%
  • Quick Ratio: 0.37%
Misc:
  • Average Volume: 560,840 shs.
  • Beta: 0.3
  • Short Ratio: 3.3
 

Frequently Asked Questions for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

What is PNM Resources, Inc. (Holding Co.)'s stock symbol?

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

How often does PNM Resources, Inc. (Holding Co.) pay dividends? What is the dividend yield for PNM Resources, Inc. (Holding Co.)?

PNM Resources, Inc. (Holding Co.) announced a quarterly dividend on Tuesday, September 19th. Investors of record on Monday, October 30th will be given a dividend of $0.2425 per share on Tuesday, November 14th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, October 27th. View PNM Resources, Inc. (Holding Co.)'s Dividend History.

How were PNM Resources, Inc. (Holding Co.)'s earnings last quarter?

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) announced its earnings results on Friday, July, 28th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business earned $362.32 million during the quarter. PNM Resources, Inc. (Holding Co.) had a return on equity of 8.57% and a net margin of 10.05%. During the same period in the previous year, the firm earned $0.40 EPS. View PNM Resources, Inc. (Holding Co.)'s Earnings History.

When will PNM Resources, Inc. (Holding Co.) make its next earnings announcement?

PNM Resources, Inc. (Holding Co.) is scheduled to release their next quarterly earnings announcement on Friday, October, 27th 2017. View Earnings Estimates for PNM Resources, Inc. (Holding Co.).

What guidance has PNM Resources, Inc. (Holding Co.) issued on next quarter's earnings?

PNM Resources, Inc. (Holding Co.) updated its FY17 earnings guidance on Monday, October, 2nd. The company provided earnings per share (EPS) guidance of $1.77-1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.85.

Where is PNM Resources, Inc. (Holding Co.)'s stock going? Where will PNM Resources, Inc. (Holding Co.)'s stock price be in 2017?

10 brokerages have issued 12-month price objectives for PNM Resources, Inc. (Holding Co.)'s shares. Their forecasts range from $32.25 to $43.00. On average, they anticipate PNM Resources, Inc. (Holding Co.)'s share price to reach $38.91 in the next twelve months. View Analyst Ratings for PNM Resources, Inc. (Holding Co.).

What are analysts saying about PNM Resources, Inc. (Holding Co.) stock?

Here are some recent quotes from research analysts about PNM Resources, Inc. (Holding Co.) 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. " (10/21/2017)
  • 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, Inc. (Holding Co.)'s key competitors?

Who are PNM Resources, Inc. (Holding Co.)'s key executives?

PNM Resources, Inc. (Holding Co.)'s 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, Inc. (Holding Co.) stock?

PNM Resources, Inc. (Holding Co.)'s stock is owned by many different of retail and institutional investors. Top institutional investors include Nationwide Fund Advisors (0.32%), Mutual of America Capital Management LLC (0.23%), Smith Graham & Co. Investment Advisors LP (0.20%), Strs Ohio (0.05%) and Meeder Asset Management Inc. (0.01%). Company insiders that own PNM Resources, Inc. (Holding Co.) stock include Bruce W Wilkinson, Charles N Eldred, Joseph Don Tarry, Norman P Becker, Patrick V Apodaca, Ronald E Talbot and Ronald N Darnell. View Institutional Ownership Trends for PNM Resources, Inc. (Holding Co.).

Who sold PNM Resources, Inc. (Holding Co.) stock? Who is selling PNM Resources, Inc. (Holding Co.) stock?

PNM Resources, Inc. (Holding Co.)'s stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Nationwide Fund Advisors and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold PNM Resources, Inc. (Holding Co.) stock in the last year include Charles N Eldred, Patrick V Apodaca and Ronald N Darnell. View Insider Buying and Selling for PNM Resources, Inc. (Holding Co.).

Who bought PNM Resources, Inc. (Holding Co.) stock? Who is buying PNM Resources, Inc. (Holding Co.) stock?

PNM Resources, Inc. (Holding Co.)'s stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC and Meeder Asset Management Inc.. Company insiders that have bought PNM Resources, Inc. (Holding Co.) stock in the last two years include Bruce W Wilkinson and Norman P Becker. View Insider Buying and Selling for PNM Resources, Inc. (Holding Co.).

How do I buy PNM Resources, Inc. (Holding Co.) stock?

Shares of PNM Resources, Inc. (Holding Co.) 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, Inc. (Holding Co.)'s stock price today?

One share of PNM Resources, Inc. (Holding Co.) stock can currently be purchased for approximately $42.20.


MarketBeat Community Rating for PNM Resources, Inc. (Holding Co.) (NYSE PNM)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  212 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  483
MarketBeat's community ratings are surveys of what our community members think about PNM Resources, Inc. (Holding Co.) 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, Inc. (Holding Co.) (NYSE:PNM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.80)
Consensus Price Target: $38.91 (7.81% downside)
Consensus Price Target History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Price Target History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Analysts' Ratings History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/26/2017Evercore ISIDowngradeIn-Line -> Underperform$37.50LowView Rating Details
9/22/2017Wells Fargo & CompanyInitiated CoverageMarket Perform -> Market Perform$42.00LowView Rating Details
9/18/2017Williams CapitalDowngradeHold -> Sell$38.00MediumView Rating Details
9/1/2017KeyCorpReiterated RatingHoldLowView Rating Details
8/31/2017Jefferies Group LLCReiterated RatingHold$43.00LowView Rating Details
8/18/2017Royal Bank Of CanadaDowngradeOutperform -> Sector PerformLowView Rating Details
8/18/2017Ladenburg Thalmann Financial ServicesDowngradeBuy -> Neutral$41.00LowView Rating Details
8/11/2017ArgusReiterated RatingBuy$43.00 -> $41.40LowView Rating Details
4/19/2017MizuhoInitiated CoverageUnderperform$32.25MediumView Rating Details
3/1/2017Barclays PLCReiterated RatingHold$36.00N/AView Rating Details
9/26/2016SunTrust Banks, Inc.Boost Price TargetNeutral$34.00 -> $35.00N/AView Rating Details
3/2/2016Robert W. BairdReiterated RatingBuyN/AView Rating Details
12/14/2015GabelliUpgradeHold -> Buy$36.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Earnings by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Earnings History by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE PNM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2017N/AView Earnings Details
7/28/2017Q2 17$0.45$0.49$362.32 millionViewN/AView Earnings Details
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)

Estimates

Earnings Estimates for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
2017 EPS Consensus Estimate: $1.80
2018 EPS Consensus Estimate: $1.74
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.19$0.29$0.25
Q2 20174$0.44$0.47$0.45
Q3 20174$0.80$0.88$0.84
Q4 20174$0.23$0.28$0.26
Q1 20182$0.21$0.26$0.24
Q2 20182$0.42$0.44$0.43
Q3 20182$0.81$0.81$0.81
Q4 20182$0.24$0.29$0.27
Q1 20191$0.31$0.31$0.31
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Next Dividend:11/14/2017
Annual Dividend:$0.97
Dividend Yield:2.30%
Dividend Growth:1.00% (3 Year Average)
Payout Ratio:55.43% (Trailing 12 Months of Earnings)
52.43% (Based on This Year's Estimates)
55.11% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

Dividend History by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE PNM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/19/2017quarterly$0.242.33%10/27/201710/30/201711/14/2017
7/27/2017quarterly$0.242.47%8/3/20178/7/20178/14/2017
2/24/2017quarterly$0.242.69%4/27/20175/1/20175/15/2017
12/13/2016quarterly$0.242.98%1/19/20171/23/20172/13/2017
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 and Institutional Ownership History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Insider Ownership Percentage: 1.26%
Institutional Ownership Percentage: 94.08%
Insider Trades by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Institutional Ownership by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Insider Trades by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/11/2017Ronald N DarnellSVPSell5,000$40.97$204,850.00View SEC Filing  
8/2/2017Patrick V ApodacaSVPSell5,333$40.43$215,613.19View SEC Filing  
6/5/2017Norman P BeckerDirectorBuy2,500$38.98$97,450.00View SEC Filing  
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)

Headlines

Headline Trends for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Latest Headlines for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
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Chart

PNM Resources, Inc. (Holding Co.) (PNM) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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