PNM Resources (PNM) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PNM shares.
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4 equities research analysts have issued 1-year price targets for PNM Resources' stock. Their PNM share price forecasts range from $48.00 to $55.00. On average, they anticipate the company's stock price to reach $51.08 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
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PNM Resources' stock was trading at $48.79 at the beginning of 2023. Since then, PNM stock has decreased by 9.3% and is now trading at $44.24.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
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PNM Resources, Inc. (NYSE:PNM) released its quarterly earnings data on Friday, August, 4th. The utilities provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.01. The utilities provider earned $477.20 million during the quarter, compared to analysts' expectations of $446.75 million. PNM Resources had a net margin of 10.26% and a trailing twelve-month return on equity of 10.31%. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS.

PNM Resources declared a quarterly dividend on Tuesday, September 19th. Investors of record on Friday, October 27th will be given a dividend of $0.368 per share on Friday, November 10th. This represents a $1.47 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend 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.

ETFs with the largest weight of PNM Resources (NYSE:PNM) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Principal U.S. Small-Cap Multi-Factor ETF (PSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Utilities ETF (VPU).Fidelity MSCI Utilities Index ETF (FUTY).

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 50.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNM.

PNM Resources updated its FY 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share guidance of $2.65-$2.75 for the period, compared to the consensus earnings per share estimate of $2.72. The company issued revenue guidance of -.

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.

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).

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

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.
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One share of PNM stock can currently be purchased for approximately $44.24.

PNM Resources (NYSE:PNM) has a market capitalization of $3.80 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.

The company employs 1,500 workers across the globe.

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.