NYSE:PNM - PNM Resources Stock Price, Forecast & News

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

PNM Resources announced a quarterly dividend on Tuesday, September 24th. Stockholders 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 dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, October 31st. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) issued its earnings results on Friday, November, 1st. The utilities provider reported $1.29 earnings per share 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 company posted $1.08 earnings per share. 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 issued an update on 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 earnings per share estimate of $2.09.

7 Wall Street analysts have issued 12-month price targets for PNM Resources' shares. Their forecasts range from $50.00 to $56.00. On average, they expect PNM Resources' stock price to reach $52.67 in the next year. This suggests a possible upside of 7.2% 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.

News headlines about PNM stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PNM Resources earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for PNM Resources.

PNM Resources saw a increase in short interest in November. As of November 15th, there was short interest totalling 1,100,000 shares, an increase of 5.8% from the October 31st total of 1,040,000 shares. Based on an average daily volume of 357,400 shares, the days-to-cover ratio is currently 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), PPL (PPL), Edison International (EIX), 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), Target (TGT), Roku (ROKU), Starbucks (SBUX), Walt Disney (DIS), Emerson Electric (EMR) and Teladoc Health (TDOC).

PNM Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (3.24%), Gabelli Funds LLC (3.12%), Gamco Investors INC. ET AL (2.37%), Crow Point Partners LLC (0.91%), Zimmer Partners LP (0.56%) and Copper Rock Capital Partners LLC (0.38%). 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, State Street Corp, Barclays PLC, Chicago Equity Partners LLC, Gabelli Funds LLC, Wedge Capital Management L L P NC and New York State Teachers Retirement System. 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 bought by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Millennium Management LLC, 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 and Mackay Shields LLC. 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 $49.11.

PNM Resources has a market capitalization of $3.91 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]