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 www.pnmresources.com, 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: $35.65
  • 50 Day Moving Average: $34.52
  • 200 Day Moving Average: $33.10
  • 52-Week Range: $30.62 - $36.15
  • Trailing P/E Ratio: 7130.00
  • Foreward P/E Ratio: 19.59
  • P/E Growth: 3.18
  • Market Cap: $2.84B
  • Outstanding Shares: 79,653,000
  • Beta: 0.3
Profitability:
  • Net Margins: 0.07%
  • Return on Equity: 7.14%
  • Return on Assets: 1.98%
Debt:
  • Debt-to-Equity Ratio: 1.26%
  • Current Ratio: 0.57%
  • Quick Ratio: 0.47%
Additional Links:
Companies Related to PNM Resources:

Analyst Ratings

Consensus Ratings for PNM Resources (NYSE:PNM) (?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $35.10 (1.54% downside)

Analysts' Ratings History for PNM Resources (NYSE:PNM)
Show:
DateFirmActionRatingPrice TargetDetails
1/5/2017Jefferies Group LLCDowngradeBuy -> Hold$34.50View Rating Details
12/2/2016Barclays PLCDowngradeOverweight -> Equal Weight$35.00 -> $33.00View Rating Details
10/4/2016Williams CapitalUpgradeHold -> Buy$35.00View 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
3/2/2016Robert 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 2/24/2015 forward)

Earnings

Earnings History for PNM Resources (NYSE:PNM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/28/2017Q416$0.31$310.00 millionN/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$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)

Estimates

Earnings Estimates for PNM Resources (NYSE:PNM)
Current Year EPS Consensus Estimate: $1.61 EPS
Next Year EPS Consensus Estimate: $1.82 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 20164$0.29$0.35$0.31
Q1 20172$0.19$0.29$0.24
Q2 20172$0.44$0.46$0.45
Q3 20172$0.86$0.88$0.87
Q4 20172$0.24$0.29$0.27
Q1 20181$0.32$0.32$0.32
Q2 20181$0.49$0.49$0.49
Q3 20181$0.95$0.95$0.95
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for PNM Resources (NYSE:PNM)
Annual Dividend:$0.97
Dividend Yield:2.72%
Dividend Growth:1.00% (3 Year Average)
Payout Ratio:60.25% (Based on Current Year Consensus EPS Estimate)
53.30% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for PNM Resources (NYSE:PNM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/24/2017quarterly$0.245/1/20175/15/2017
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 History for PNM Resources (NYSE:PNM)
Insider Ownership Percentage: 1.22%
Institutional Ownership Percentage: 93.48%
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)

Headlines

Latest Headlines for PNM Resources (NYSE:PNM)
DateHeadline
finance.yahoo.com logoPNM Resources Board Declares Quarterly Common Stock Dividend (NYSE:PNM)
finance.yahoo.com - February 24 at 8:28 PM
finance.yahoo.com logoPNM Resources to Announce 2016 Fourth Quarter and Year-End Earnings on February 28 (NYSE:PNM)
finance.yahoo.com - February 7 at 8:50 AM
nasdaq.com logoPNM Resources Reaches Analyst Target Price (NYSE:PNM)
www.nasdaq.com - February 3 at 8:11 PM
bizjournals.com logoUPDATE: ABQ company to build solar farms for Facebook, creating 300 jobs (NYSE:PNM)
www.bizjournals.com - February 1 at 9:58 PM
4-traders.com logoPNM RESOURCES INC : ex-dividend day (NYSE:PNM)
www.4-traders.com - January 18 at 7:52 PM
finance.yahoo.com logoPNM Resources Management to Meet with Investors (NYSE:PNM)
finance.yahoo.com - January 16 at 11:28 AM
News IconRead this before buying PNM Resources Inc (PNM) for its upcoming $0.24 dividend (NYSE:PNM)
simplywall.st - January 15 at 6:48 PM
reuters.com logoBRIEF-PNM Resources says sees 2017 consolidated ongoing earnings of $1.77 to $1.87/shr (NYSE:PNM)
www.reuters.com - January 12 at 8:02 AM
finance.yahoo.com logoPNM Resources downgraded by Jefferies (NYSE:PNM)
finance.yahoo.com - January 5 at 3:16 PM
capitalcube.com logoPNM Resources, Inc. : PNM-US: Dividend Analysis : October 31st, 2016 (record date) : By the numbers : December 23, 2016 (NYSE:PNM)
www.capitalcube.com - December 23 at 7:25 PM
finance.yahoo.com logo3 Reasons Value Stock Investors Will Love PNM Resources; (PNM) (NYSE:PNM)
finance.yahoo.com - December 22 at 7:38 PM
reuters.com logoBRIEF-PNM Resources Inc entered into a $100 mln term loan agreement (NYSE:PNM)
www.reuters.com - December 21 at 8:06 PM
biz.yahoo.com logoPNM RESOURCES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obli (NYSE:PNM)
biz.yahoo.com - December 21 at 8:06 PM
nasdaq.com logoPNM Resources (PNM) Passes Through 3% Yield Mark (NYSE:PNM)
www.nasdaq.com - December 16 at 1:50 AM
finance.yahoo.com logoPNM Resources' Management Reviews 2017 Ongoing Earnings Guidance (NYSE:PNM)
finance.yahoo.com - December 14 at 8:29 AM
us.rd.yahoo.com logo6:35 am PNM Resources increases quarterly dividend to $0.2425/share from $0.22/share; narrows 2016 guidance (NYSE:PNM)
us.rd.yahoo.com - December 13 at 7:40 PM
News IconPNM Declares Preferred Dividend (NYSE:PNM)
www.kswo.com - December 13 at 8:42 AM
reuters.com logoBRIEF-PNM Resources increases FY dividend by 10 percent (NYSE:PNM)
www.reuters.com - December 13 at 8:42 AM
prnewswire.com logoPNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend (NYSE:PNM)
www.prnewswire.com - December 13 at 8:42 AM
capitalcube.com logoPNM Resources, Inc. – Value Analysis (NYSE:PNM) : December 12, 2016 (NYSE:PNM)
www.capitalcube.com - December 12 at 7:26 PM
nasdaq.com logoPNM Crosses Above Key Moving Average Level (NYSE:PNM)
www.nasdaq.com - December 9 at 7:15 PM
capitalcube.com logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : December 9, 2016 (NYSE:PNM)
www.capitalcube.com - December 9 at 8:20 AM
News IconHedge Funds Are Betting On PNM Resources Inc (PNM) (NYSE:PNM)
feedproxy.google.com - December 8 at 4:18 AM
bizjournals.com logoHere's how much your PNM bill might go up in 2018 (NYSE:PNM)
www.bizjournals.com - December 8 at 12:14 AM
finance.yahoo.com logoPNM Files 2018 General Rate Case (NYSE:PNM)
finance.yahoo.com - December 7 at 7:13 PM
News IconStock Rating Runner: PNM Resources (NYSE:PNM) Is a Stock Barclays Is Wary of; Firm Downgrades It (NYSE:PNM)
www.whatsonthorold.com - December 4 at 9:24 AM
us.rd.yahoo.com logoPNM Resources downgraded by Barclays (NYSE:PNM)
us.rd.yahoo.com - December 3 at 10:38 AM
finance.yahoo.com logoPNM Resources to Announce 2017 Ongoing Earnings Guidance Dec. 14 (NYSE:PNM)
finance.yahoo.com - November 30 at 12:13 PM
capitalcube.com logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : November 22, 2016 (NYSE:PNM)
www.capitalcube.com - November 22 at 11:20 AM
capitalcube.com logoPNM Resources, Inc. :PNM-US: Earnings Analysis: Q3, 2016 By the Numbers : November 9, 2016 (NYSE:PNM)
www.capitalcube.com - November 9 at 6:52 PM
finance.yahoo.com logo4:47 pm PNM Resources will meet with analysts and investors at the Edison Electric Institute Financial Conference beginning Nov 7; plans to reaffirm guidance (NYSE:PNM)
finance.yahoo.com - November 4 at 6:26 PM
streetinsider.com logoForm 8-K PNM RESOURCES INC For: Nov 03 Filed by: PUBLIC SERVICE CO OF NEW MEXICO (NYSE:PNM)
www.streetinsider.com - November 4 at 10:37 AM
finance.yahoo.com logoPNM RESOURCES INC Financials (NYSE:PNM)
finance.yahoo.com - November 3 at 6:56 PM
biz.yahoo.com logoPNM RESOURCES INC Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:PNM)
biz.yahoo.com - November 3 at 11:01 AM
capitalcube.com logoPNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : November 1, 2016 (NYSE:PNM)
www.capitalcube.com - November 1 at 11:24 AM
nasdaq.com logoPNM Makes Bullish Cross Above Critical Moving Average (NYSE:PNM)
www.nasdaq.com - October 31 at 6:41 PM
4-traders.com logoPNM RESOURCES INC : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K) (NYSE:PNM)
www.4-traders.com - October 29 at 9:49 AM
reuters.com logoBRIEF-PNM Resources Q3 diluted earnings per share $0.68 (NYSE:PNM)
www.reuters.com - October 29 at 9:49 AM
prnewswire.com logoPNM Resources Reports Third Quarter Results (NYSE:PNM)
www.prnewswire.com - October 29 at 9:49 AM
nasdaq.com logoPNM Resources Inc. Earnings Advance 2% In Q3 (NYSE:PNM)
www.nasdaq.com - October 29 at 9:49 AM
seekingalpha.com logoPNM Resources, Inc. 2016 Q3 - Results - Earnings Call Slides (NYSE:PNM)
seekingalpha.com - October 29 at 9:49 AM
finance.yahoo.com logoEdited Transcript of PNM earnings conference call or presentation 28-Oct-16 3:00pm GMT (NYSE:PNM)
finance.yahoo.com - October 29 at 9:49 AM
sg.finance.yahoo.com logoPNM Resources beats 3Q profit forecasts (NYSE:PNM)
sg.finance.yahoo.com - October 28 at 10:38 AM
biz.yahoo.com logoQ3 2016 PNM Resources Inc Earnings Release - 06:30 am ET (NYSE:PNM)
biz.yahoo.com - October 28 at 10:38 AM
biz.yahoo.com logoPNM RESOURCES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit (NYSE:PNM)
biz.yahoo.com - October 28 at 10:38 AM
sbwire.com logoResearch and Markets: PNM Resources, Inc. - Power Plants and SWOT Analysis, 2016 Update (NYSE:PNM)
www.sbwire.com - October 27 at 6:58 PM
finance.yahoo.com logoUtility Stock Earnings to Watch on Oct 28: CPN, POR & PNM (NYSE:PNM)
finance.yahoo.com - October 27 at 11:45 AM
4-traders.com logoPNM Resources Inc : quaterly earnings release (NYSE:PNM)
www.4-traders.com - October 26 at 10:18 AM
4-traders.com logoPNM Resources : to Announce 2016 Third Quarter Earnings on October 28 (NYSE:PNM)
www.4-traders.com - October 14 at 6:36 PM
News IconUpdate on PNM Resources, Inc. (NYSE:PNM) for the day (NYSE:PNM)
twincountynews.com - October 14 at 6:36 PM

Social

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 announced a quarterly dividend on Friday, February 24th. Shareholders of record on Monday, May 1st will be paid 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 2.72%.

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

6 brokerages have issued 1 year price objectives for PNM Resources' shares. Their forecasts range from $33.00 to $38.00. On average, they anticipate PNM Resources' share price to reach $35.10 in the next twelve months.

When will PNM Resources announce their earnings?

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, February, 24th 2017.

Who owns PNM Resources stock?

PNM Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.40%), Prudential PLC (1.39%), Thompson Siegel & Walmsley LLC (0.69%), William Blair Investment Management LLC (0.69%), Thrivent Financial for Lutherans (0.52%) and NWQ Investment Management Company LLC (0.32%). Company insiders that own PNM Resources stock include Bruce W Wilkinson, Charles N Eldred, E Renae Conley, Joan B Woodard, Joseph Don Tarry, Patrick V Apodaca, Ronald E Talbot, Ronald N Darnell and Thomas G Sategna.

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 NWQ Investment Management Company LLC, Thompson Siegel & Walmsley LLC, Ramsey Quantitative Systems, Century Capital Management LLC and Metropolitan Life Insurance Co. NY. Company insiders that have sold PNM Resources stock in the last year include Charles N Eldred, Joseph Don Tarry, Patrick V Apodaca, Ronald E Talbot and Ronald N Darnell.

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 Thrivent Financial for Lutherans, Prudential PLC, Russell Investments Group Ltd., Blenheim Capital Management BV, State Street Corp, Elkfork Partners LLC, Comerica Bank and William Blair Investment Management LLC. Company insiders that have bought PNM Resources stock in the last two years include Bruce W Wilkinson and E Renae Conley.

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.

How much does a share of PNM Resources stock cost?

One share of PNM Resources stock can currently be purchased for approximately $35.65.

PNM Resources (NYSE:PNM) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for PNM Resources (NYSE:PNM)

Earnings History Chart

Earnings by Quarter for PNM Resources (NYSE:PNM)

Dividend History Chart

Dividend Payments by Quarter for PNM Resources (NYSE:PNM)

Last Updated on 2/24/2017 by MarketBeat.com Staff