NYSE:PNM PNM Resources (PNM) Stock Forecast, Price & News $44.74 -0.02 (-0.04%) (As of 03:45 PM ET) Add Compare Share Share Today's Range$44.55▼$44.9450-Day Range$43.79▼$45.8052-Week Range$42.75▼$49.60Volume399,574 shsAverage Volume573,334 shsMarket Capitalization$3.84 billionP/E Ratio16.15Dividend Yield3.29%Price Target$51.08 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability PNM Resources MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside13.9% Upside$51.08 Price TargetShort InterestHealthy1.92% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews Sentiment0.91Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth6.99%From $2.72 to $2.91 Per ShareSee Full Details Hide Full Details 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 starsUtilities Sector50th out of 85 stocksElectric Services Industry26th out of 41 stocks 2.1 Analyst's Opinion Consensus RatingPNM Resources has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.08, PNM Resources has a forecasted upside of 13.9% from its current price of $44.84.Amount of Analyst CoveragePNM Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.92% of the float of PNM Resources has been sold short.Short Interest Ratio / Days to CoverPNM Resources has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PNM Resources has recently increased by 0.62%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldPNM Resources pays a meaningful dividend of 3.28%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPNM Resources has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of PNM Resources is 53.07%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, PNM Resources will have a dividend payout ratio of 50.52% next year. This indicates that PNM Resources will be able to sustain or increase its dividend. Previous Next 1.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePNM Resources has received a -37.30% net impact score from Upright. The largest negative impact of Pnm Resources in category "GHG emissions" seems to be driven mostly by its "Electricity produced with coal", "Electricity produced with crude oil", and "Electricity distribution services of electricity produced with fossil fuels" products. See details.Environmental SustainabilityThe Environmental Impact score for PNM Resources is -5.89. Previous Next 3.8 News and Social Media Coverage News SentimentPNM Resources has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for PNM Resources this week, compared to 3 articles on an average week.Search Interest1 people have searched for PNM on MarketBeat in the last 30 days. MarketBeat Follows2 people have added PNM Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PNM Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.34% of the stock of PNM Resources is held by insiders.Percentage Held by Institutions91.18% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PNM Resources are expected to grow by 6.99% in the coming year, from $2.72 to $2.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 16.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.67.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 16.19, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.60.Price to Earnings Growth RatioPNM Resources has a PEG Ratio of 3.67. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPNM Resources has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PNM Resources (NYSE:PNM) StockPNM 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.Read More PNM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PNM Stock News HeadlinesSeptember 23, 2023 | seekingalpha.comPNM Resources: Debate Hinges On Merger, Economic Value Absent Either WaySeptember 21, 2023 | finance.yahoo.comPNM unanimous settlement agreement for San Juan credits approvedSeptember 25, 2023 | Behind the Markets (Ad)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.September 19, 2023 | americanbankingnews.comPNM Resources' (PNM) "Neutral" Rating Reiterated at CitigroupSeptember 19, 2023 | nasdaq.comCitigroup Maintains PNM Resources (PNM) Neutral RecommendationSeptember 17, 2023 | americanbankingnews.comPNM Resources (NYSE:PNM) Hits New 52-Week Low at $42.75September 15, 2023 | msn.comPNM Resources sinks amid New Mexico Supreme Court hearing on Avangrid dealSeptember 13, 2023 | finance.yahoo.comPNM Resources (NYSE:PNM) Hasn't Managed To Accelerate Its ReturnsSeptember 25, 2023 | Chaikin Analytics (Ad)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.September 7, 2023 | markets.businessinsider.comRBC Capital Keeps Their Hold Rating on Pnm Resources (PNM)August 28, 2023 | finance.yahoo.comPNM Resources (PNM) to Benefit From Investments in Clean AssetsAugust 22, 2023 | msn.comPNM vs. MGEE: Which Stock Is the Better Value Option?August 18, 2023 | finance.yahoo.comPNM and parties reach unanimous settlement agreement for customer rate credits to resolve remaining steps of San Juan coal plant retirementAugust 8, 2023 | benzinga.comPNM Resources's Ex-Dividend Date Is Thursday, Here's What You Need To KnowAugust 8, 2023 | finance.yahoo.comPNM Resources, Inc. (NYSE:PNM) Q2 2023 Earnings Call TranscriptAugust 5, 2023 | markets.businessinsider.comPNM Resources Inc. Q2 Profit Climbs, but misses estimatesAugust 5, 2023 | finance.yahoo.comQ2 2023 PNM Resources Inc Earnings CallAugust 4, 2023 | finance.yahoo.comPNM Resources (PNM) Surpasses Q2 Earnings EstimatesAugust 4, 2023 | finance.yahoo.comPNM Resources Reports Second Quarter 2023 ResultsAugust 4, 2023 | finance.yahoo.comPNM Resources (PNM) Q2 Earnings Beat Estimates, Revenues LagAugust 4, 2023 | seekingalpha.comPNM Resources, Inc. 2023 Q2 - Results - Earnings Call PresentationJuly 27, 2023 | finance.yahoo.comInvesting in PNM Resources (NYSE:PNM) five years ago would have delivered you a 31% gainJuly 25, 2023 | markets.businessinsider.comRBC Capital Remains a Hold on Pnm Resources (PNM)July 10, 2023 | finance.yahoo.comPNM Resources to Announce 2023 Second Quarter Earnings on August 4July 7, 2023 | msn.comPNM appeal in Four Corners Power Plant case rejected by New Mexico's top courtJuly 7, 2023 | finance.yahoo.comNew Mexico Supreme Court upholds New Mexico Public Regulation Commission denial of PNM application for abandonment, securitization of Four Corners Coal PlantJune 30, 2023 | finance.yahoo.comWith A Return On Equity Of 9.9%, Has PNM Resources, Inc.'s (NYSE:PNM) Management Done Well?See More Headlines Receive PNM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PNM Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PNM Company Calendar Last Earnings8/04/2023Ex-Dividend for 8/25 Dividend8/10/2023Dividend Payable8/25/2023Today9/25/2023Ex-Dividend for 11/10 Dividend10/26/2023Next Earnings (Estimated)11/03/2023Dividend Payable11/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryElectric Utilities SectorUtilities Current SymbolNYSE:PNM CUSIP69349H10 CIK1108426 Webwww.pnmresources.com Phone(505) 241-2700Fax505-241-4311Employees1,500Year Founded1917Price 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 RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.77 Trailing P/E Ratio16.16 Forward P/E Ratio16.46 P/E Growth3.67Net Income$170.06 million Net Margins10.26% Pretax Margin12.77% Return on Equity10.31% Return on Assets2.51% Debt Debt-to-Equity Ratio1.70 Current Ratio0.37 Quick Ratio0.29 Sales & Book Value Annual Sales$2.25 billion Price / Sales1.71 Cash Flow$6.68 per share Price / Cash Flow6.70 Book Value$26.15 per share Price / Book1.71Miscellaneous Outstanding Shares85,830,000Free Float84,685,000Market Cap$3.84 billion OptionableOptionable Beta0.41 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMs. Patricia K. Vincent-Collawn (Age 64)Chairman & CEO Mr. Joseph D. Tarry (Age 53)Pres & COO Comp: $1.07MMs. Elisabeth A. Eden (Age 56)Sr. VP, CFO & Treasurer Comp: $733.49kMr. Patrick V. Apodaca (Age 71)Sr. VP, Gen. Counsel & Sec. Comp: $780.35kMr. Michael Patrick MertzVP & Chief Information OfficerMs. Lisa GoodmanDirector of Investor RelationsMs. Rebecca R. TeagueVP of HRMr. Henry E. MonroyVP of Regulatory & Corp. ControllerMore ExecutivesKey CompetitorsOtter TailNASDAQ:OTTRPortland General ElectricNYSE:PORIDACORPNYSE:IDAHawaiian Electric IndustriesNYSE:HEOGE EnergyNYSE:OGEView All CompetitorsInstitutional OwnershipBarclays PLCSold 4,511 shares on 9/21/2023Ownership: 0.874%California State Teachers Retirement SystemSold 3,140 shares on 8/21/2023Ownership: 0.117%Teachers Retirement System of The State of KentuckyBought 1,414 shares on 8/21/2023Ownership: 0.018%West Family Investments Inc.Sold 493 shares on 8/16/2023Ownership: 0.008%Public Employees Retirement System of OhioBought 1,994 shares on 8/15/2023Ownership: 0.004%View All Institutional Transactions 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. What ETFs hold PNM Resources' stock? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PNM Resources, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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