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PNM Resources Stock Price, Forecast & Analysis (NYSE:PNM)

$48.45
+0.04 (+0.08 %)
(As of 11/18/2019 04:00 PM ET)
Today's Range
$48.37
Now: $48.45
$49.02
50-Day Range
$47.75
MA: $50.86
$52.92
52-Week Range
$39.51
Now: $48.45
$52.98
Volume225,900 shs
Average Volume387,690 shs
Market Capitalization$3.86 billion
P/E Ratio24.23
Dividend Yield2.40%
Beta0.18
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. Read More…

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP69349H10
Phone505-241-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.44 billion
Cash Flow$5.42 per share
Book Value$21.78 per share

Profitability

Net Income$86.17 million

Miscellaneous

Employees1,692
Market Cap$3.86 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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 Tuesday, September 24th. Shareholders of record on Friday, November 1st will be given a dividend of $0.29 per share on Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, October 31st. View PNM Resources' Dividend History.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) posted its earnings results on Friday, November, 1st. The utilities provider reported $1.29 EPS for the quarter, topping the Zacks' consensus estimate of $1.25 by $0.04. The utilities provider earned $433.59 million during the quarter, compared to the consensus estimate of $562.33 million. PNM Resources had a negative net margin of 0.64% and a positive return on equity of 9.18%. During the same period last year, the business posted $1.08 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 Wednesday, February 26th 2020. View Earnings Estimates for PNM Resources.

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

PNM Resources issued an update on its FY19 earnings guidance on Friday, November, 1st. The company provided EPS guidance of $2.05-2.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09.

What price target have analysts set for PNM?

7 equities research analysts have issued 1 year target prices for PNM Resources' shares. Their forecasts range from $49.00 to $56.00. On average, they expect PNM Resources' share price to reach $52.33 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price. 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 2 sell ratings, 3 hold ratings and 2 buy 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?

Headlines about PNM stock have trended very negative recently, InfoTrie reports. The research firm rates the sentiment of news 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 news impact score of -3.0 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for PNM Resources.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,100,000 shares, an increase of 5.8% from the September 30th total of 1,040,000 shares. Based on an average daily trading volume, of 357,400 shares, the short-interest ratio is currently 3.1 days. Approximately 1.4% of the shares of the company are sold short. View PNM Resources' Current Options Chain.

Who are some of PNM Resources' key competitors?

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 PepsiCo (PEP), Costco Wholesale (COST), AbbVie (ABBV), Comcast (CMCSA), Roku (ROKU), Target (TGT), Advanced Micro Devices (AMD), Baidu (BIDU), Alphabet (GOOG) and Netflix (NFLX).

Who are PNM Resources' key executives?

PNM Resources' management team includes the folowing people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 60)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 65)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 67)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 61)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 61)

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Gabelli Funds LLC (3.12%), Gamco Investors INC. ET AL (2.37%), Crow Point Partners LLC (0.91%), Copper Rock Capital Partners LLC (0.38%), Rhumbline Advisers (0.34%) and Deroy & Devereaux Private Investment Counsel Inc. (0.33%). 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 institutional investors are selling PNM Resources stock?

PNM stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Copper Rock Capital Partners LLC, Chicago Equity Partners LLC, Gabelli Funds LLC, Wedge Capital Management L L P NC, New York State Teachers Retirement System, Cambiar Investors LLC and Deroy & Devereaux Private Investment Counsel Inc.. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Patrick V Apodaca. View Insider Buying and Selling for PNM Resources.

Which institutional investors are buying PNM Resources stock?

PNM stock was purchased by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Retirement Systems of Alabama, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, State of Tennessee Treasury Department, Mackay Shields LLC, Russell Investments Group Ltd. and State of Alaska Department of Revenue. 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, Robinhood, Fidelity and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $48.45.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.86 billion and generates $1.44 billion in revenue each year. The utilities provider earns $86.17 million in net income (profit) each year or $2.00 on an earnings per share basis. PNM Resources employs 1,692 workers across the globe.View Additional Information About PNM Resources.

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:  356 (Vote Outperform)
Underperform Votes:  425 (Vote Underperform)
Total Votes:  781
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 11/18/2019 by MarketBeat.com Staff

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