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 declared a quarterly dividend on Tuesday, December 10th. Investors of record on Monday, February 3rd will be paid a dividend of $0.3075 per share on Friday, February 14th. This represents a $1.23 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, January 31st. This is a positive change from PNM Resources's previous quarterly dividend of $0.29. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) announced its quarterly earnings data on Friday, November, 1st. The utilities provider reported $1.29 earnings per share for the quarter, beating the 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 positive return on equity of 9.18% and a negative net margin of 0.64%. During the same quarter last year, the company earned $1.08 EPS. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, February 28th 2020. View Earnings Estimates for PNM Resources.

PNM Resources will be holding an earnings conference call on Friday, February 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

PNM Resources updated its FY 2020 After-Hours earnings guidance on Friday, January, 10th. The company provided earnings per share guidance of 2.16-2.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.20.

8 brokerages have issued 1 year target prices for PNM Resources' stock. Their forecasts range from $50.00 to $56.00. On average, they expect PNM Resources' stock price to reach $53.29 in the next year. This suggests that the stock has a possible downside of 4.5%. View Analyst Price Targets for PNM Resources.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy 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 on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. 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 1.8 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 0.0 out of 10, meaning 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 January. As of January 31st, there was short interest totalling 4,020,000 shares, an increase of 226.8% from the January 15th total of 1,230,000 shares. Based on an average daily volume of 492,900 shares, the short-interest ratio is currently 8.2 days. Currently, 5.1% of the shares of the stock are short sold. View PNM Resources' Current Options Chain.

Some companies that are related to PNM Resources include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), Edison International (EIX), Entergy (ETR), PPL (PPL), 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), Emerson Electric (EMR), Altria Group (MO), Comcast (CMCSA), Roku (ROKU), Kimberly Clark (KMB), Nucor (NUE) and Target (TGT).

PNM Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (3.52%), Renaissance Technologies LLC (3.37%), Gabelli Funds LLC (3.04%), Franklin Resources Inc. (2.51%), Goldman Sachs Group Inc. (2.25%) and Principal Financial Group Inc. (1.56%). 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 AQR Capital Management LLC, AJO LP, Retirement Systems of Alabama, William Blair Investment Management LLC, Principal Financial Group Inc., Gabelli Funds LLC, Dorsey Wright & Associates and Chicago Equity Partners LLC. 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 FMR LLC, Jennison Associates LLC, State Street Corp, Bank of America Corp DE, Peregrine Capital Management LLC, California Public Employees Retirement System, UBS Group AG and Barclays 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, Robinhood, Fidelity and Charles Schwab.

One share of PNM stock can currently be purchased for approximately $55.78.

PNM Resources has a market capitalization of $4.44 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]