NYSE:PNM - PNM Resources Stock Price, News, & Analysis

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$42.38 +0.37 (+0.88 %)
(As of 11/18/2018 04:00 PM ET)
Previous Close$42.38
Today's Range$42.16 - $42.72
52-Week Range$33.75 - $46.00
Volume465,975 shs
Average Volume509,324 shs
Market Capitalization$3.38 billion
P/E Ratio21.85
Dividend Yield2.50%
Beta0.16
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2017, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,200 miles of electric transmission lines, 6,063 miles of distribution overhead lines, 5,828 miles of underground distribution lines, and 254 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2017, this segment owned 978 miles of overhead electric transmission lines, 7,111 miles of overhead distribution lines, 1,241 miles of underground distribution lines, and 116 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 773,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
Current SymbolNYSE:PNM
Previous Symbol
CUSIP69349H10
Phone505-241-2700

Debt

Debt-to-Equity Ratio1.17
Current Ratio0.37
Quick Ratio0.29

Price-To-Earnings

Trailing P/E Ratio21.85
Forward P/E Ratio21.51
P/E Growth4.57

Sales & Book Value

Annual Sales$1.45 billion
Price / Sales2.34
Cash Flow$5.3174 per share
Price / Cash7.97
Book Value$23.06 per share
Price / Book1.84

Profitability

EPS (Most Recent Fiscal Year)$1.94
Net Income$80.40 million
Net Margins6.08%
Return on Equity9.25%
Return on Assets2.45%

Miscellaneous

Employees1,699
Outstanding Shares79,650,000
Market Cap$3.38 billion
OptionableOptionable

PNM Resources (NYSE:PNM) Frequently Asked Questions

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 Wednesday, September 19th. Shareholders of record on Friday, November 2nd will be given a dividend of $0.265 per share on Friday, November 16th. This represents a $1.06 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, November 1st. View PNM Resources' Dividend History.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) released its earnings results on Tuesday, November, 6th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The utilities provider earned $422.67 million during the quarter, compared to the consensus estimate of $483.08 million. PNM Resources had a return on equity of 9.25% and a net margin of 6.08%. During the same period in the prior year, the company posted $0.93 EPS. View PNM Resources' Earnings History.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for PNM Resources.

What guidance has PNM Resources issued on next quarter's earnings?

PNM Resources issued an update on its FY18 earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $1.95-1.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.94. PNM Resources also updated its FY 2018 guidance to $1.95-1.98 EPS.

What price target have analysts set for PNM?

7 analysts have issued 12 month price objectives for PNM Resources' shares. Their forecasts range from $36.00 to $40.00. On average, they expect PNM Resources' stock price to reach $37.7143 in the next year. This suggests that the stock has a possible downside of 11.0%. View Analyst Price Targets for PNM Resources.

What is the consensus analysts' recommendation for PNM Resources?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

Has PNM Resources been receiving favorable news coverage?

News stories about PNM stock have been trending very positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PNM Resources earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

Who are some of PNM Resources' key competitors?

Who are PNM Resources' key executives?

PNM Resources' management team includes the folowing people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 59)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 64)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 66)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 60)
  • Mr. Joseph Don Tarry, VP of Fin. & Corp. Controller (Age 48)

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.88%), Renaissance Technologies LLC (3.12%), Alliancebernstein L.P. (2.93%), Franklin Resources Inc. (2.77%), Gamco Investors INC. ET AL (2.70%) and Dimensional Fund Advisors LP (2.16%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry, Norman P Becker, Patrick V Apodaca and Ronald N Darnell. View Institutional Ownership Trends for PNM Resources.

Which major investors are selling PNM Resources stock?

PNM stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Prudential Financial Inc., Canada Pension Plan Investment Board, Gamco Investors INC. ET AL, Retirement Systems of Alabama, Wells Fargo & Company MN, Russell Investments Group Ltd. and Hsbc Holdings PLC. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Ronald N Darnell. View Insider Buying and Selling for PNM Resources.

Which major investors are buying PNM Resources stock?

PNM stock was bought by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, BlackRock Inc., Renaissance Technologies LLC, Assenagon Asset Management S.A., Alliancebernstein L.P., AQR Capital Management LLC, Man Group plc and SG Americas Securities LLC. View Insider Buying and Selling for PNM Resources.

How do I buy shares of PNM Resources?

Shares of PNM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $42.38.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.38 billion and generates $1.45 billion in revenue each year. The utilities provider earns $80.40 million in net income (profit) each year or $1.94 on an earnings per share basis. PNM Resources employs 1,699 workers across the globe.

What is PNM Resources' official website?

The official website for PNM Resources is http://www.pnmresources.com.

How can I contact PNM Resources?

PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The utilities provider can be reached via phone at 505-241-2700 or via email at [email protected]


MarketBeat Community Rating for PNM Resources (NYSE PNM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  298 (Vote Outperform)
Underperform Votes:  356 (Vote Underperform)
Total Votes:  654
MarketBeat's community ratings are surveys of what our community members think about PNM Resources and other stocks. Vote "Outperform" if you believe PNM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PNM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2018 by MarketBeat.com Staff

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