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

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

PNM Resources declared a quarterly dividend on Friday, December 7th. Investors of record on Friday, February 1st will be paid a dividend of $0.29 per share on Friday, February 15th. This represents a $1.16 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, January 31st. This is a boost from PNM Resources's previous quarterly dividend of $0.27. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) posted its quarterly earnings data on Tuesday, November, 6th. The utilities provider reported $1.08 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.04. The utilities provider earned $422.67 million during the quarter, compared to the consensus estimate of $483.08 million. PNM Resources had a return on equity of 9.25% and a net margin of 6.08%. During the same period in the previous year, the firm earned $0.93 earnings per share. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for PNM Resources.

PNM Resources issued an update on its FY18 earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $1.95-1.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.94. PNM Resources also updated its FY 2018 guidance to $1.95-1.98 EPS.

7 equities research analysts have issued twelve-month target prices for PNM Resources' shares. Their forecasts range from $36.00 to $42.00. On average, they expect PNM Resources' stock price to reach $38.4286 in the next year. This suggests that the stock has a possible downside of 13.4%. 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 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

News stories about PNM stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive 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 news sentiment score of 1.1 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.

Some companies that are related to PNM Resources include EDP-Energias de Portugal, S.A (EDPFY), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), NRG Energy (NRG), Pinnacle West Capital (PNW), Enel Americas (ENIA), CENTRICA PLC/S (CPYYY), Huaneng Power International (HNP), CENTRAIS ELETRI/S (EBR), CHINA RESOURES/ADR (CRPJY), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), Enel Generacion Chile (EOCC) and Algonquin Power & Utilities (AQN).

PNM Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.88%), Vanguard Group Inc. (11.21%), Renaissance Technologies LLC (3.12%), Alliancebernstein L.P. (2.93%), Franklin Resources Inc. (2.77%) and Gamco Investors INC. ET AL (2.70%). 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 Franklin Resources Inc., Prudential Financial Inc., Canada Pension Plan Investment Board, Gamco Investors INC. ET AL, Morgan Stanley, Retirement Systems of Alabama, Wells Fargo & Company MN and Russell Investments Group Ltd.. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Ronald N Darnell. View Insider Buying and Selling for PNM Resources.

PNM stock was bought by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Matarin Capital Management LLC, BlackRock Inc., Renaissance Technologies LLC, Assenagon Asset Management S.A., Alliancebernstein L.P., AQR Capital Management LLC and Man Group plc. 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, Scottrade, Fidelity and Charles Schwab.

One share of PNM stock can currently be purchased for approximately $44.36.

PNM Resources has a market capitalization of $3.48 billion and generates $1.45 billion in revenue each year. The utilities provider earns $80.40 million in net income (profit) each year or $1.94 on an earnings per share basis. PNM Resources employs 1,699 workers across the globe.

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]