NYSE:PNM PNM Resources (PNM) Stock Price, News & Analysis $40.78 +0.32 (+0.79%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$40.47▼$40.9850-Day Range$35.65▼$40.8452-Week Range$34.63▼$45.43Volume483,584 shsAverage Volume673,622 shsMarket Capitalization$3.68 billionP/E Ratio44.81Dividend Yield3.80%Price Target$43.80 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get PNM Resources alerts: Email Address PNM Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside7.4% Upside$43.80 Price TargetShort InterestHealthy3.24% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews Sentiment0.49Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth4.44%From $2.70 to $2.82 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.45 out of 5 starsUtilities Sector48th out of 90 stocksElectric Services Industry24th out of 43 stocks 1.2 Analyst's Opinion Consensus RatingPNM Resources has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoveragePNM Resources has only been the subject of 2 research reports in the past 90 days.Read more about PNM Resources' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.24% of the outstanding shares of PNM Resources have been sold short.Short Interest Ratio / Days to CoverPNM Resources has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in PNM Resources has recently decreased by 2.01%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipPNM Resources is a leading dividend payer. It pays a dividend yield of 3.80%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPNM Resources has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of PNM Resources is 170.33%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, PNM Resources will have a dividend payout ratio of 54.96% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.Read more about PNM Resources' 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 1.9 News and Social Media Coverage News SentimentPNM Resources has a news sentiment score of 0.49. 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 news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 14 news articles for PNM Resources this week, compared to 5 articles on an average week.MarketBeat FollowsOnly 2 people have added PNM Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 1.36% of the stock of PNM Resources is held by insiders.Percentage Held by Institutions91.68% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about PNM Resources' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PNM Resources are expected to grow by 4.44% in the coming year, from $2.70 to $2.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 44.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.17.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 44.81, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.66.Price to Book Value per Share RatioPNM Resources has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about PNM Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatWe just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.Start Your Risk-Free Trial Here About PNM Resources Stock (NYSE:PNM)PNM 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 communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage 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 based in Albuquerque, New Mexico.Read More PNM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PNM Stock News HeadlinesJuly 26 at 1:31 AM | americanbankingnews.comAnalysts Set PNM Resources, Inc. (NYSE:PNM) Target Price at $43.80July 25 at 3:44 PM | barrons.comPortland General Electric Co.July 27, 2024 | Awesomely, LLC (Ad)Automatic Income (from home)Everyone’s talking about this new income hack that could generate triple digit returns on your money. But here’s the best part…July 24 at 1:53 PM | americanbankingnews.comPNM Resources, Inc. (PNM) To Go Ex-Dividend on July 26thJuly 24 at 11:41 AM | msn.comSpain's Iberdrola to bid for UK's Electricity North West, chairman saysJuly 23, 2024 | americanbankingnews.comPNM Resources (NYSE:PNM) Given New $45.00 Price Target at BarclaysJuly 22, 2024 | finanznachrichten.dePNM Resources, Inc.: PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5July 22, 2024 | prnewswire.comPNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5July 27, 2024 | WealthPress (Ad)This TSLA short trade is on a nine win hot streakMost Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.July 22, 2024 | prnewswire.comPNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5July 16, 2024 | prnewswire.comPNM Resources Board Declares Quarterly Common Stock DividendJuly 8, 2024 | prnewswire.comPNM Resources to Announce 2024 Second Quarter Earnings on July 31June 14, 2024 | prnewswire.comPNM Files 2025 Rate RequestJune 14, 2024 | prnewswire.comTNMP Receives Approval for Distribution Investment RecoveryJune 10, 2024 | prnewswire.comPNM Resources Closes Offering of $500 Million 5.75% Junior Subordinated Convertible Notes due 2054June 4, 2024 | prnewswire.comPNM Resources Announces Pricing of $500 Million of 5.75% Junior Subordinated Convertible Notes due 2054June 4, 2024 | prnewswire.comPublic Service Company of New Mexico Declares Preferred DividendJune 4, 2024 | prnewswire.comPNM Resources Management to Meet with InvestorsSee 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 Company Calendar Ex-Dividend for 5/10 Dividend4/25/2024Last Earnings4/30/2024Dividend Payable5/10/2024Ex-Dividend for 8/9 Dividend7/26/2024Today7/27/2024Next Earnings (Confirmed)7/31/2024Dividend Payable8/09/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryElectric Utilities Current SymbolNYSE:PNM CUSIP69349H10 CIK1108426 Webwww.pnmresources.com Phone(505) 241-2700Fax505-241-4311Employees1,635Year Founded1917Price Target and Rating Average Stock Price Target$43.80 High Stock Price Target$51.00 Low Stock Price Target$38.00 Potential Upside/Downside+7.4%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio44.81 Forward P/E Ratio15.10 P/E GrowthN/ANet Income$88.35 million Net Margins4.38% Pretax Margin3.18% Return on Equity9.91% Return on Assets2.32% Debt Debt-to-Equity Ratio1.81 Current Ratio0.37 Quick Ratio0.27 Sales & Book Value Annual Sales$1.83 billion Price / Sales2.01 Cash Flow$6.64 per share Price / Cash Flow6.14 Book Value$26.60 per share Price / Book1.53Miscellaneous Outstanding Shares90,200,000Free Float88,973,000Market Cap$3.68 billion OptionableOptionable Beta0.35 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMs. Patricia K. Vincent-Collawn (Age 65)Chairman & CEO Comp: $3.67MMr. Joseph D. Tarry (Age 54)President & COO Comp: $1.49MMs. Elisabeth A. Eden (Age 57)Senior VP & CFO Comp: $954.29kMr. Patrick V. Apodaca (Age 72)Senior VP, General Counsel & Secretary Comp: $1.01MMr. Gerald Robert Bischoff (Age 45)Principal Accounting Officer, VP & Corporate Controller Ms. Sheila MendezVP & Chief Information OfficerMs. Lisa GoodmanExecutive Director of Investor RelationsMs. Rebecca R. TeagueVice President of Human ResourcesMs. Sabrina GreinelVP & TreasurerMore ExecutivesKey CompetitorsPinnacle West CapitalNYSE:PNWOGE EnergyNYSE:OGEIDACORPNYSE:IDAPortland General ElectricNYSE:POROtter TailNASDAQ:OTTRView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpSold 6,962 shares on 7/26/2024Ownership: 1.669%State of Michigan Retirement SystemBought 600 shares on 7/26/2024Ownership: 0.024%Calamos Advisors LLCSold 49,500 shares on 7/25/2024Ownership: 0.482%Louisiana State Employees Retirement SystemBought 800 shares on 7/24/2024Ownership: 0.028%LRI Investments LLCBought 603 shares on 7/24/2024Ownership: 0.001%View All Institutional Transactions PNM Stock Analysis - Frequently Asked Questions How have PNM shares performed this year? PNM Resources' stock was trading at $41.60 at the start of the year. Since then, PNM stock has decreased by 2.0% and is now trading at $40.78. View the best growth stocks for 2024 here. How were PNM Resources' earnings last quarter? PNM Resources, Inc. (NYSE:PNM) posted its quarterly earnings data on Tuesday, April, 30th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.27. The company's revenue for the quarter was down 19.7% on a year-over-year basis. 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. Who are PNM Resources' major shareholders? PNM Resources' top institutional shareholders include Bank of New York Mellon Corp (1.67%), Raymond James & Associates (0.72%), Calamos Advisors LLC (0.48%) and Retirement Systems of Alabama (0.27%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of PNM Resources own? Based on aggregate information from My MarketBeat watchlists, some other companies that PNM Resources investors own include AbbVie (ABBV), PepsiCo (PEP), Altria Group (MO), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM) and Abbott Laboratories (ABT). This page (NYSE:PNM) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | SponsoredJ.P. Morgan’s DIRE WarningWhen the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal war...Behind the Markets | SponsoredNext opportunity for crypto millionsThe Bitcoin halving is the #1 creator of "crypto millionaires". That's because historically, every halving has...Crypto 101 Media | SponsoredGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredGrab a pen and write down this ticker - here's whyA megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | Sponsored 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. Share PNM Resources With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
