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. Shareholders of record on Monday, February 3rd will be given a dividend of $0.3075 per share on Friday, February 14th. This represents a $1.23 dividend on an annualized basis and a yield of 2.26%. 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) released its quarterly earnings results on Friday, November, 1st. The utilities provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.04. The utilities provider had revenue of $433.59 million for the quarter, compared to analysts' expectations 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 in the previous year, the firm 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 updated its FY 2020 After-Hours earnings guidance on Friday, January, 10th. The company provided EPS guidance of 2.16-2.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.20.

7 brokerages have issued 1-year price objectives for PNM Resources' stock. Their forecasts range from $50.00 to $56.00. On average, they anticipate PNM Resources' stock price to reach $53.00 in the next twelve months. This suggests that the stock has a possible downside of 2.6%. 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.

Press coverage about PNM stock has trended negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PNM Resources earned a daily sentiment score of -2.5 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company'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 15th, there was short interest totalling 1,230,000 shares, an increase of 21.8% from the December 31st total of 1,010,000 shares. Based on an average daily trading volume, of 434,800 shares, the short-interest ratio is currently 2.8 days. Currently, 1.6% 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), Edison International (EIX), FirstEnergy (FE), PPL (PPL), 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), Emerson Electric (EMR), Altria Group (MO), Comcast (CMCSA), Roku (ROKU), Kimberly Clark (KMB), Nucor (NUE) and Target (TGT).

PNM Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.33%), Deroy & Devereaux Private Investment Counsel Inc. (0.33%), Peregrine Capital Management LLC (0.22%), Virginia Retirement Systems ET AL (0.22%), New York State Teachers Retirement System (0.20%) and Smith Graham & Co. Investment Advisors LP (0.18%). 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 Retirement Systems of Alabama, Strs Ohio, James Investment Research Inc., New York State Teachers Retirement System, Arizona State Retirement System, Smith Graham & Co. Investment Advisors LP, Nisa Investment Advisors LLC and Dupont Capital Management Corp. 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 acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, California Public Employees Retirement System, Bowling Portfolio Management LLC, AdvisorShares Investments LLC, Assenagon Asset Management S.A., SG Americas Securities LLC, Sciencast Management LP and Virginia Retirement Systems ET AL. 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 $54.43.

PNM Resources has a market capitalization of $4.34 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]