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NYSE:PNM

PNM Resources (PNM) Stock Forecast, Price & News

$46.32
-0.13 (-0.28%)
(As of 05:33 PM ET)
Compare
Today's Range
$46.10
$46.83
50-Day Range
$45.12
$49.06
52-Week Range
$43.43
$49.60
Volume
276,132 shs
Average Volume
633,536 shs
Market Capitalization
$3.98 billion
P/E Ratio
19.14
Dividend Yield
3.17%
Price Target
$51.10

PNM Resources MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
10.3% Upside
$51.10 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.89
Upright™ Environmental Score
News Sentiment
1.12mentions of PNM Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.72%
From $2.68 to $2.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Utilities Sector

65th out of 87 stocks

Electric Services Industry

31st out of 43 stocks


PNM stock logo

About PNM Resources (NYSE:PNM) Stock

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

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PNM Stock News Headlines

Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
PNM Resources (NYSE:PNM) Raised to Buy at StockNews.com
PNM Resources (NYSE:PNM) Sees Strong Trading Volume
Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
Mizuho Securities Keeps Their Hold Rating on Pnm Resources (PNM)
Pnm Resources (PNM) Receives a Hold from RBC Capital
PNM Resources (NYSE:PNM) Updates FY 2023 Earnings Guidance
PNM Resources (NYSE:PNM) Issues FY23 Earnings Guidance
PNM Resources Inc. Q1 Profit Increases, beats estimates
PNM Resources Reports First Quarter 2023 Results
See More Headlines

PNM Price History

PNM Company Calendar

Ex-Dividend for 5/12 Dividend
4/27/2023
Last Earnings
5/05/2023
Dividend Payable
5/12/2023
Today
6/09/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
69349H10
Employees
1,500
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$51.10
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+10.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$170.06 million
Pretax Margin
11.05%

Debt

Sales & Book Value

Annual Sales
$2.25 billion
Cash Flow
$6.63 per share
Book Value
$26.15 per share

Miscellaneous

Free Float
84,685,000
Market Cap
$3.98 billion
Optionable
Optionable
Beta
0.42

Social Links


Key Executives

  • Patricia K. Vincent-Collawn
    Chairman & Chief Executive Officer
  • Joseph D. Tarry
    President & Chief Operating Officer
  • Elisabeth A Eden
    Chief Financial Officer, Treasurer & Senior VP
  • Mike Mertz
    Chief Information Officer & Vice President
  • Patrick V. Apodaca
    Secretary, Senior Vice President & General Counsel













PNM Stock - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

3 analysts have issued 12 month price objectives for PNM Resources' stock. Their PNM share price forecasts range from $48.00 to $55.00. On average, they predict the company's share price to reach $51.10 in the next twelve months. This suggests a possible upside of 10.3% 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 start of the year. Since then, PNM shares have decreased by 5.0% and is now trading at $46.33.
View the best growth stocks for 2023 here
.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,810,000 shares, an increase of 25.7% from the April 30th total of 1,440,000 shares. Based on an average daily volume of 665,200 shares, the short-interest ratio is presently 2.7 days. Approximately 2.1% of the shares of the company are short sold.
View PNM Resources' Short Interest
.

When is PNM Resources' next earnings date?

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

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) issued its quarterly earnings results on Friday, May, 5th. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.39 by $0.16. The utilities provider earned $544 million during the quarter, compared to analysts' expectations of $460.14 million. PNM Resources had a net margin of 8.89% and a trailing twelve-month return on equity of 10.55%. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS.

How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources?

PNM Resources announced a quarterly dividend on Tuesday, February 28th. Stockholders of record on Friday, April 28th will be given a dividend of $0.368 per share on Friday, May 12th. This represents a $1.47 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, April 27th.
Read our dividend analysis for PNM
.

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 3.15%. 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 60.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM will have a dividend payout ratio of 51.40% 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 Sunday, May, 7th. 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. (12.93%), PSquared Asset Management AG (4.77%), State Street Corp (3.93%), Geode Capital Management LLC (1.91%), Gabelli Funds LLC (1.88%) and Dimensional Fund Advisors LP (1.79%).
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 $46.33.

How much money does PNM Resources make?

PNM Resources (NYSE:PNM) has a market capitalization of $3.98 billion and generates $2.25 billion in revenue each year. The utilities provider earns $170.06 million in net income (profit) each year or $2.42 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 6/9/2023 by MarketBeat.com Staff

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