About PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
PNM Resources, Inc. (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR's electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website provides information, including news releases, notices of Webcasts, and filings. PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, related to corporate level debt and PNMR Services Company.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities
- Sub-Industry: Electric Utilities
- Symbol: NYSE:PNM
- CUSIP: 69349H10
- Web: www.pnmresources.com
- Market Cap: $3.36 billion
- Outstanding Shares: 79,653,000
- 50 Day Moving Avg: $41.52
- 200 Day Moving Avg: $39.55
- 52 Week Range: $30.95 - $43.05
Sales & Book Value:
- Trailing P/E Ratio: 24.22
- Foreward P/E Ratio: 23.98
- P/E Growth: 3.24
- Annual Revenue: $1.43 billion
- Price / Sales: 2.35
- Book Value: $21.68 per share
- Price / Book: 1.95
- Annual Dividend: $0.97
- Dividend Yield: 2.3%
- EBITDA: $569.83 million
- Net Margins: 10.05%
- Return on Equity: 8.57%
- Return on Assets: 2.33%
- Debt-to-Equity Ratio: 1.22%
- Current Ratio: 0.46%
- Quick Ratio: 0.37%
- Average Volume: 560,840 shs.
- Beta: 0.3
- Short Ratio: 3.3
Frequently Asked Questions for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
What is PNM Resources, Inc. (Holding Co.)'s stock symbol?
PNM Resources, Inc. (Holding Co.) trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNM."
How often does PNM Resources, Inc. (Holding Co.) pay dividends? What is the dividend yield for PNM Resources, Inc. (Holding Co.)?
PNM Resources, Inc. (Holding Co.) announced a quarterly dividend on Tuesday, September 19th. Investors of record on Monday, October 30th will be given a dividend of $0.2425 per share on Tuesday, November 14th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, October 27th. View PNM Resources, Inc. (Holding Co.)'s Dividend History.
How were PNM Resources, Inc. (Holding Co.)'s earnings last quarter?
PNM Resources, Inc. (Holding Co.) (NYSE:PNM) announced its earnings results on Friday, July, 28th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business earned $362.32 million during the quarter. PNM Resources, Inc. (Holding Co.) had a return on equity of 8.57% and a net margin of 10.05%. During the same period in the previous year, the firm earned $0.40 EPS. View PNM Resources, Inc. (Holding Co.)'s Earnings History.
When will PNM Resources, Inc. (Holding Co.) make its next earnings announcement?
What guidance has PNM Resources, Inc. (Holding Co.) issued on next quarter's earnings?
PNM Resources, Inc. (Holding Co.) updated its FY17 earnings guidance on Monday, October, 2nd. The company provided earnings per share (EPS) guidance of $1.77-1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.85.
Where is PNM Resources, Inc. (Holding Co.)'s stock going? Where will PNM Resources, Inc. (Holding Co.)'s stock price be in 2017?
10 brokerages have issued 12-month price objectives for PNM Resources, Inc. (Holding Co.)'s shares. Their forecasts range from $32.25 to $43.00. On average, they anticipate PNM Resources, Inc. (Holding Co.)'s share price to reach $38.91 in the next twelve months. View Analyst Ratings for PNM Resources, Inc. (Holding Co.).
What are analysts saying about PNM Resources, Inc. (Holding Co.) stock?
Here are some recent quotes from research analysts about PNM Resources, Inc. (Holding Co.) stock:
- 1. According to Zacks Investment Research, "PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S. " (10/21/2017)
- 2. Jefferies Group LLC analysts commented, "PNM Resources 4Q16 operating earnings were $0.34 per share, versus $0.23 last year, our estimate of $0.35 and Consensus of $0.31. Results were driven by strong performance at both utilities. The company is hopeful for a settlement in their recently filed NM rate case by the March 27 filing date. Given the uncertainty with a settlement we maintain our Hold rating since a litigated track will cause the name to trade at a discount." (3/1/2017)
Who are some of PNM Resources, Inc. (Holding Co.)'s key competitors?
Some companies that are related to PNM Resources, Inc. (Holding Co.) include Calpine Corporation (CPN), Pampa Energia S.A. (PAM), IDACORP (IDA), Portland General Electric Company (POR), ALLETE (ALE), Hawaiian Electric Industries (HE), Ormat Technologies (ORA), UIL Holdings (UIL), NorthWestern Corporation (NWE), Capital Power Corp (CPX), El Paso Electric Company (EE), MGE Energy (MGEE), Companhia Paranaense de Energia (COPEL) (ELP), Atlantica Yield PLC (ABY), Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN), NRG Yield (NYLD), Otter Tail Corporation (OTTR) and Dynegy (DYN).
Who are PNM Resources, Inc. (Holding Co.)'s key executives?
PNM Resources, Inc. (Holding Co.)'s management team includes the folowing people:
- Patricia K. Collawn, Chairman of the Board, President, Chief Executive Officer
- Charles N. Eldred, Chief Financial Officer, Executive Vice President
- Patrick V. Apodaca, Senior Vice President, General Counsel, Secretary
- Ronald N. Darnell, Senior Vice President - Public Policy
- Joseph Don Tarry, Vice President - Finance, Controller
- Norman P. Becker, Independent Director
- E. Renae Conley, Independent Director
- Alan J. Fohrer, Independent Director
- Sidney M. Gutierrez, Independent Director
- Maureen T. Mullarkey, Independent Director
Who owns PNM Resources, Inc. (Holding Co.) stock?
PNM Resources, Inc. (Holding Co.)'s stock is owned by many different of retail and institutional investors. Top institutional investors include Nationwide Fund Advisors (0.32%), Mutual of America Capital Management LLC (0.23%), Smith Graham & Co. Investment Advisors LP (0.20%), Strs Ohio (0.05%) and Meeder Asset Management Inc. (0.01%). Company insiders that own PNM Resources, Inc. (Holding Co.) stock include Bruce W Wilkinson, Charles N Eldred, Joseph Don Tarry, Norman P Becker, Patrick V Apodaca, Ronald E Talbot and Ronald N Darnell. View Institutional Ownership Trends for PNM Resources, Inc. (Holding Co.).
Who sold PNM Resources, Inc. (Holding Co.) stock? Who is selling PNM Resources, Inc. (Holding Co.) stock?
PNM Resources, Inc. (Holding Co.)'s stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Nationwide Fund Advisors and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold PNM Resources, Inc. (Holding Co.) stock in the last year include Charles N Eldred, Patrick V Apodaca and Ronald N Darnell. View Insider Buying and Selling for PNM Resources, Inc. (Holding Co.).
Who bought PNM Resources, Inc. (Holding Co.) stock? Who is buying PNM Resources, Inc. (Holding Co.) stock?
PNM Resources, Inc. (Holding Co.)'s stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC and Meeder Asset Management Inc.. Company insiders that have bought PNM Resources, Inc. (Holding Co.) stock in the last two years include Bruce W Wilkinson and Norman P Becker. View Insider Buying and Selling for PNM Resources, Inc. (Holding Co.).
How do I buy PNM Resources, Inc. (Holding Co.) stock?
Shares of PNM Resources, Inc. (Holding Co.) can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is PNM Resources, Inc. (Holding Co.)'s stock price today?
MarketBeat Community Rating for PNM Resources, Inc. (Holding Co.) (NYSE PNM)MarketBeat's community ratings are surveys of what our community members think about PNM Resources, Inc. (Holding Co.) and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of PNM Resources, Inc. (Holding Co.) stock can currently be purchased for approximately $42.20.
Consensus Ratings for PNM Resources, Inc. (Holding Co.) (NYSE:PNM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 6 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.80)|
|Consensus Price Target: ||$38.91 (7.81% downside)|Consensus Price Target History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Analysts' Ratings History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/26/2017||Evercore ISI||Downgrade||In-Line -> Underperform||$37.50||Low|
|9/22/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$42.00||Low|
|9/18/2017||Williams Capital||Downgrade||Hold -> Sell||$38.00||Medium|
|8/31/2017||Jefferies Group LLC||Reiterated Rating||Hold||$43.00||Low|
|8/18/2017||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||Low|
|8/18/2017||Ladenburg Thalmann Financial Services||Downgrade||Buy -> Neutral||$41.00||Low|
|8/11/2017||Argus||Reiterated Rating||Buy||$43.00 -> $41.40||Low|
|3/1/2017||Barclays PLC||Reiterated Rating||Hold||$36.00||N/A|
|9/26/2016||SunTrust Banks, Inc.||Boost Price Target||Neutral||$34.00 -> $35.00||N/A|
|3/2/2016||Robert W. Baird||Reiterated Rating||Buy||N/A|
|12/14/2015||Gabelli||Upgrade||Hold -> Buy||$36.00||N/A|
Earnings History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)Earnings History by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE PNM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/28/2017||Q2 17||$0.45||$0.49||$362.32 million||View||N/A|
|4/28/2017||Q1 17||$0.24||$0.28||$330.20 million||View||N/A|
|2/28/2017||Q416||$0.31||$0.34||$310.00 million||$1.00 million||View||N/A|
|10/28/2016||Q316||$0.75||$0.78||$740.00 million||$400.37 million||View||Listen|
|8/8/2016||Q216||$0.39||$0.40||$379.00 million||$315.39 million||View||N/A|
|4/29/2016||Q116||$0.14||$0.13||$358.00 million||$310.90 million||View||Listen|
|2/26/2016||Q415||$0.18||$0.23||$370.00 million||$335.90 million||View||Listen|
|10/30/2015||Q315||$0.74||$0.76||$453.50 million||$417.40 million||View||Listen|
|7/31/2015||Q215||$0.41||$0.44||$346.50 million||$352.89 million||View||Listen|
|5/1/2015||Q115||$0.18||$0.21||$335.00 million||$332.90 million||View||N/A|
|2/27/2015||Q414||$0.23||$0.24||$300.50 million||$346.85 million||View||N/A|
|10/31/2014||Q314||$0.66||$0.68||$443.00 million||$413.95 million||View||N/A|
|8/1/2014||Q214||$0.37||$0.39||$343.50 million||$346.16 million||View||N/A|
|5/2/2014||Q114||$0.20||$0.18||$331.00 million||$328.90 million||View||N/A|
|8/2/2013||Q2 2013||$0.33||$0.38||$339.50 million||View||N/A|
|5/6/2013||Q1 2013||$0.20||$0.18||$318.00 million||View||N/A|
|3/1/2013||Q4 2012||$0.12||$0.13||$333.50 million||View||N/A|
Earnings Estimates for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
2017 EPS Consensus Estimate: $1.80
2018 EPS Consensus Estimate: $1.74
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
|Dividend Growth:||1.00% (3 Year Average)|
|Payout Ratio:||55.43% (Trailing 12 Months of Earnings) |
52.43% (Based on This Year's Estimates)
55.11% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE PNM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Insider Ownership Percentage: 1.26%Insider Trades by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Institutional Ownership Percentage: 94.08%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/11/2017||Ronald N Darnell||SVP||Sell||5,000||$40.97||$204,850.00|| |
|8/2/2017||Patrick V Apodaca||SVP||Sell||5,333||$40.43||$215,613.19|| |
|6/5/2017||Norman P Becker||Director||Buy||2,500||$38.98||$97,450.00|| |
|3/6/2017||Charles N Eldred||CFO||Sell||4,000||$36.40||$145,600.00|| |
|3/16/2016||Ronald N Darnell||SVP||Sell||113||$33.05||$3,734.65|| |
|3/7/2016||Patrick V Apodaca||SVP||Sell||3,800||$33.04||$125,552.00|| |
|3/4/2016||Charles N Eldred||CFO||Sell||8,350||$32.41||$270,623.50|| |
|3/4/2016||Joseph Don Tarry||VP||Sell||3,000||$32.32||$96,960.00|| |
|3/4/2016||Ronald E Talbot||COO||Sell||1,688||$32.46||$54,792.48|| |
|3/2/2016||Charles N Eldred||CFO||Sell||14,000||$31.80||$445,200.00|| |
|3/2/2016||Joseph Don Tarry||VP||Sell||4,200||$31.91||$134,022.00|| |
|11/10/2015||Bruce W Wilkinson||Director||Buy||10,000||$27.88||$278,800.00|| |
|11/5/2015||Ronald E Talbot||COO||Sell||3,150||$28.28||$89,082.00|| |
|11/5/2015||Ronald N Darnell||SVP||Sell||2,900||$28.29||$82,041.00|| |
|11/4/2015||Charles N Eldred||CFO||Sell||5,409||$28.35||$153,345.15|| |
|3/17/2015||Joan B Woodard||Director||Sell||2,100||$28.09||$58,989.00|| |
|3/12/2015||Thomas G Sategna||VP||Sell||11,565||$27.74||$320,813.10|| |
|3/4/2015||E Renae Conley||Director||Buy||5,404||$27.80||$150,231.20|| |
|3/14/2014||Thomas Sategna||VP||Sell||4,734||$27.09||$128,244.06|| |
|3/7/2014||Charles Eldred||CFO||Sell||1,041||$25.97||$27,034.77|| |
|3/6/2014||Charles Eldred||CFO||Sell||26,666||$26.65||$710,648.90|| |
|3/6/2014||Joan Woodard||Director||Sell||7,500||$26.65||$199,875.00|| |
|3/5/2014||Bonnie Reitz||Director||Sell||9,033||$26.10||$235,761.30|| |
|3/5/2014||Thomas Sategna||VP||Sell||6,000||$26.25||$157,500.00|| |
|8/13/2013||Bonnie S Reitz||Director||Sell||2,000||$23.73||$47,460.00|| |
|8/12/2013||Bonnie Reitz||Director||Sell||1,950||$23.73||$46,273.50|| |
|8/8/2013||Bonnie S Reitz||Director||Sell||1,000||$23.91||$23,910.00|| |
|3/13/2013||Thomas G Sategna||VP||Sell||4,691||$23.13||$108,502.83|| |
Headline Trends for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Latest Headlines for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
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PNM Resources, Inc. (Holding Co.) (PNM) Chart for Monday, October, 23, 2017