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NYSE:PNM

PNM Resources Stock Forecast, Price & News

$49.18
+0.15 (+0.31 %)
(As of 12/2/2020 12:00 AM ET)
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Compare
Today's Range
$48.98
Now: $49.18
$49.22
50-Day Range
$45.50
MA: $48.84
$50.17
52-Week Range
$27.08
Now: $49.18
$56.14
Volume1.25 million shs
Average Volume919,406 shs
Market Capitalization$3.92 billion
P/E Ratio22.25
Dividend Yield2.51%
Beta0.63
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. As of December 31, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
PNM Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP69349H10
Phone505-241-2700
Employees1,668

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$6.35 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Market Cap$3.92 billion
Next Earnings Date2/26/2021 (Estimated)
OptionableOptionable
$49.18
+0.15 (+0.31 %)
(As of 12/2/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PNM Resources (NYSE:PNM) Frequently Asked Questions

How has PNM Resources' stock been impacted by COVID-19?

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PNM stock has increased by 7.7% and is now trading at $49.18.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of PNM Resources?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for PNM Resources
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than PNM Resources?

Wall Street analysts have given PNM Resources a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PNM Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, February 26th 2021.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its quarterly earnings data on Friday, October, 30th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.29 by $0.11. The utilities provider had revenue of $472.50 million for the quarter, compared to analysts' expectations of $522.07 million. PNM Resources had a net margin of 11.57% and a return on equity of 10.72%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS.
View PNM Resources' earnings history
.

How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources?

PNM Resources declared a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.308 per share on Friday, November 13th. This represents a $1.23 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, October 30th.
View PNM Resources' dividend history
.

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

PNM Resources updated its FY 2020 IntraDay earnings guidance on Monday, November, 9th. The company provided earnings per share (EPS) guidance of 2.23-2.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26.

What price target have analysts set for PNM?

9 brokerages have issued 1-year target prices for PNM Resources' stock. Their forecasts range from $40.00 to $55.00. On average, they anticipate PNM Resources' stock price to reach $48.25 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
View analysts' price targets for PNM Resources
.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,190,000 shares, an increase of 24.2% from the October 31st total of 4,180,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 3.2 days. Approximately 6.6% of the company's shares are sold short.
View PNM Resources' Short Interest
.

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 AbbVie (ABBV), PepsiCo (PEP), Altria Group (MO), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), Abbott Laboratories (ABT), Emerson Electric (EMR), Target (TGT) and Colgate-Palmolive (CL).

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 61)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 68, Pay $696.74k)
  • Mr. Charles N. Eldred MBA, Exec. VP of Corp. Devel. & Fin. (Age 66, Pay $1.89M)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 62, Pay $635.06k)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 62, Pay $602.65k)
  • Mr. Joseph D. Tarry, CFO & Sr. VP (Age 50)
  • Ms. Elisabeth A. Eden, Chief Information Officer & VP (Age 53)
  • Ms. Lisa Goodman, Director of Investor Relations
  • Ms. Rebecca R. Teague, VP of HR
  • Mr. Michael Patrick Mertz, VP & Treasurer

What is PNM Resources' stock symbol?

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

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.25%), State Street Corp (3.13%), Gamco Investors INC. ET AL (2.53%), Gabelli Funds LLC (2.35%), Principal Financial Group Inc. (1.34%) and Jennison Associates LLC (0.98%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry and Patrick V Apodaca.
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 BlackRock Inc., State Street Corp, Thrivent Financial for Lutherans, ExodusPoint Capital Management LP, Fulcrum Asset Management LLP, Principal Financial Group Inc., Allianz Asset Management GmbH, and Engineers Gate Manager LP.
View insider buying and selling activity for PNM Resources
.

Which institutional investors are buying PNM Resources stock?

PNM stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Schonfeld Strategic Advisors LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Jennison Associates LLC, Point72 Asset Management L.P., Chartwell Investment Partners LLC, Segall Bryant & Hamill LLC, and Sei Investments Co..
View insider buying and selling activity 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 $49.18.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.92 billion and generates $1.46 billion in revenue each year. The utilities provider earns $77.89 million in net income (profit) each year or $2.16 on an earnings per share basis. PNM Resources employs 1,668 workers across the globe.

What is PNM Resources' official website?

The official website for PNM Resources is 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]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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