S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
NYSE:PNM

PNM Resources (PNM) Stock Price, News & Analysis

$36.80
+0.29 (+0.79%)
(As of 03/1/2024 ET)
Today's Range
$35.95
$37.34
50-Day Range
$34.73
$42.05
52-Week Range
$34.63
$49.27
Volume
2.50 million shs
Average Volume
1.39 million shs
Market Capitalization
$3.16 billion
P/E Ratio
35.73
Dividend Yield
4.21%
Price Target
$46.20

PNM Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
25.5% Upside
$46.20 Price Target
Short Interest
Healthy
3.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.89
Upright™ Environmental Score
News Sentiment
0.56mentions of PNM Resources in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.32%
From $2.71 to $2.80 Per Share

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.

4.90 out of 5 stars

Utilities Sector

5th out of 90 stocks

Electric Services Industry

2nd out of 39 stocks


PNM stock logo

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 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.

PNM Stock Price History

PNM Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 Avangrid Inc Earnings Call
Barclays Keeps Their Buy Rating on Pnm Resources (PNM)
PNM Resources Inc
PNM Resources Management to Meet with Investors
RBC Capital Sticks to Their Hold Rating for Pnm Resources (PNM)
PNM Resources Management to Meet with Investors
Preliminary Q4 2024 PNM Resources Inc Earnings Call
PNM Resources Turns To Q4 Loss
PNM Resources (PNM) Q4 Earnings Top Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 2/16 Dividend
2/01/2024
Last Earnings
2/06/2024
Dividend Payable
2/16/2024
Today
3/02/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$46.20
High Stock Price Target
$55.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$88.35 million
Pretax Margin
4.67%

Debt

Sales & Book Value

Annual Sales
$1.94 billion
Cash Flow
$6.62 per share
Book Value
$26.15 per share

Miscellaneous

Free Float
84,685,000
Market Cap
$3.16 billion
Optionable
Optionable
Beta
0.35

Social Links

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Key Executives

  • Ms. Patricia K. Vincent-Collawn (Age 65)
    Chairman & CEO
    Comp: $4.14M
  • Mr. Joseph D. Tarry (Age 54)
    President & COO
    Comp: $1.07M
  • Ms. Elisabeth A. Eden (Age 57)
    Senior VP, CFO & Treasurer
    Comp: $733.49k
  • Mr. Patrick V. Apodaca (Age 72)
    Senior VP, General Counsel & Secretary
    Comp: $780.35k
  • Mr. Michael Patrick Mertz
    VP & Chief Information Officer
  • Ms. Lisa Goodman
    Director of Investor Relations
  • Ms. Rebecca R. Teague
    Vice President of Human Resources
  • Mr. Gerald Robert Bischoff
    Vice President & Corporate Controller














PNM Stock Analysis - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PNM shares.
View PNM analyst ratings
or view top-rated stocks.

What is PNM Resources' stock price target for 2024?

5 Wall Street analysts have issued 1-year target prices for PNM Resources' shares. Their PNM share price targets range from $40.00 to $55.00. On average, they expect the company's stock price to reach $46.20 in the next twelve months. This suggests a possible upside of 25.5% 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 2024?

PNM Resources' stock was trading at $41.60 at the beginning of the year. Since then, PNM shares have decreased by 11.5% and is now trading at $36.80.
View the best growth stocks for 2024 here
.

Are investors shorting PNM Resources?

PNM Resources saw a drop in short interest during the month of January. As of January 31st, there was short interest totaling 2,680,000 shares, a drop of 14.6% from the January 15th total of 3,140,000 shares. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.2% of the company's shares 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 Friday, May 3rd 2024.
View our PNM earnings forecast
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) released its quarterly earnings results on Tuesday, February, 6th. The utilities provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. The utilities provider had revenue of $412.11 million for the quarter, compared to the consensus estimate of $705.05 million. PNM Resources had a trailing twelve-month return on equity of 10.64% and a net margin of 4.54%. During the same period last year, the business posted $0.15 EPS.

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

PNM Resources announced a quarterly dividend on Tuesday, December 5th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.387 per share on Friday, February 16th. This represents a $1.55 annualized dividend and a yield of 4.21%. The ex-dividend date is Thursday, February 1st. This is a boost from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for PNM
.

Is PNM Resources a good dividend stock?

PNM Resources (NYSE:PNM) pays an annual dividend of $1.55 per share and currently has a dividend yield of 4.25%. PNM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 150.49%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNM will have a dividend payout ratio of 55.36% 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 FY24 earnings guidance on Tuesday, February, 13th. The company provided earnings per share (EPS) guidance of $2.65-2.75 for the period, compared to the consensus estimate of $2.69.

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).

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.87%), PSquared Asset Management AG (2.15%), First Trust Advisors LP (1.85%), Dimensional Fund Advisors LP (1.80%), Northern Trust Corp (1.50%) and Gabelli Funds LLC (1.36%).
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.

This page (NYSE:PNM) was last updated on 3/2/2024 by MarketBeat.com Staff