PNM Resources (PNM) Stock Forecast, Price & News

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.

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.

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.

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

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.

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.

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 ETF (PSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Vanguard Russell 2000 Value ETF (VTWV) and Vanguard Utilities Index Fund (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 50.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNM.

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 -.

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."

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.

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.

One share of PNM stock can currently be purchased for approximately $44.76.

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.

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.