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

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. Shareholders 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 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, October 31st. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) released its quarterly earnings data on Friday, August, 2nd. The utilities provider reported $0.37 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.37. The utilities provider had revenue of $330.23 million for the quarter. PNM Resources had a positive return on equity of 8.08% and a negative net margin of 1.69%. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, November 1st 2019. View Earnings Estimates for PNM Resources.

PNM Resources will be holding an earnings conference call on Friday, November 1st 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 issued an update on its FY19 earnings guidance on Friday, August, 2nd. The company provided EPS guidance of $2.05-2.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09.

7 analysts have issued 1 year target prices for PNM Resources' shares. Their predictions range from $49.00 to $56.00. On average, they anticipate PNM Resources' share price to reach $52.33 in the next twelve months. This suggests a possible upside of 1.7% 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 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

News coverage about PNM stock has trended somewhat negative this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PNM Resources earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for PNM Resources.

PNM Resources saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,120,000 shares, a decrease of 5.1% from the August 30th total of 1,180,000 shares. Based on an average trading volume of 368,200 shares, the short-interest ratio is currently 3.0 days. Currently, 1.4% of the company's shares are short sold. View PNM Resources' Current Options Chain.

Some companies that are related to PNM Resources include Avangrid (AGR), Korea Electric Power (KEP), EDP-Energias de Portugal, S.A (EDPFY), CenterPoint Energy (CNP), Vistra Energy (VST), CENTRAIS ELETRI/S (EBR.B), CENTRAIS ELETRI/S (EBR), Enel Americas (ENIA), Pinnacle West Capital (PNW), NRG Energy (NRG), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), OGE Energy (OGE), Brookfield Renewable Partners (BEP) and Huaneng Power International Inc ADR Class N (HNP).

Based on aggregate information from My MarketBeat watchlists, some companies that other PNM Resources investors own include PepsiCo (PEP), Emerson Electric (EMR), Altria Group (MO), Malibu Boats (MBUU), Envision Healthcare (EVHC), Jagged Peak Energy (JAG), Oshkosh (OSK), GVC (GVC), Adobe (ADBE) and Avrobio (AVRO).

PNM Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Crow Point Partners LLC (0.91%), Copper Rock Capital Partners LLC (0.38%), Miller Howard Investments Inc. NY (0.07%), Nisa Investment Advisors LLC (0.06%), Pacer Advisors Inc. (0.04%) and State of Alaska Department of Revenue (0.02%). 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 Copper Rock Capital Partners LLC and Pacer Advisors 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 State of Alaska Department of Revenue, Campbell & CO Investment Adviser LLC, Miller Howard Investments Inc. NY, Contravisory Investment Management Inc., Nisa Investment Advisors LLC and Crow Point Partners 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 $51.48.

PNM Resources has a market capitalization of $4.10 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]