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

PNM Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNM."

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

PNM Resources Inc (NYSE:PNM) released its quarterly earnings data on Friday, November, 1st. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.04. The utilities provider had revenue of $433.59 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.08 EPS. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for PNM Resources.

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

7 equities research analysts have issued twelve-month price objectives for PNM Resources' stock. Their forecasts range from $50.00 to $56.00. On average, they anticipate PNM Resources' share price to reach $52.67 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for PNM Resources.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

Media stories about PNM stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. PNM Resources earned a daily sentiment score of -1.9 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for 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 trading volume of 357,400 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.4% of the shares of the company are sold short. View PNM Resources' Current Options Chain.

Some companies that are related to PNM Resources include NextEra Energy (NEE), Southern (SO), Duke Energy (DUK), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), Edison International (EIX), PPL (PPL), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and Portland General Electric (POR).

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), Teladoc Health (TDOC), Target (TGT), Advanced Micro Devices (AMD), Baidu (BIDU) and Alphabet (GOOG).

PNM Resources' stock is owned by a number 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.

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.

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.

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.

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

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.

The official website for PNM Resources is http://www.pnmresources.com/.

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]