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 Friday, February 21st. Investors of record on Friday, May 1st will be given a dividend of $0.308 per share on Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, April 30th. This is a positive change from PNM Resources's previous quarterly dividend of $0.31. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) issued its quarterly earnings results on Friday, February, 28th. The utilities provider reported $0.36 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.36. PNM Resources had a positive return on equity of 9.18% and a negative net margin of 0.64%. During the same period in the previous year, the firm posted $0.18 earnings per share. 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 updated its FY20 earnings guidance on Friday, February, 28th. The company provided EPS guidance of $2.16-2.26 for the period, compared to the Thomson Reuters consensus estimate of $2.22.

8 analysts have issued 12 month price objectives for PNM Resources' shares. 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 a possible upside of 13.5% from the stock's current price. 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 headlines about PNM stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PNM Resources earned a media sentiment score of -4.4 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for PNM Resources.

PNM Resources saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 3,720,000 shares, a decline of 7.5% from the January 30th total of 4,020,000 shares. Based on an average trading volume of 521,600 shares, the days-to-cover ratio is currently 7.1 days. Currently, 4.7% 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), Exelon (EXC), American Electric Power (AEP), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), Portland General Electric (POR) and Hawaiian Electric Industries (HE).

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 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%), Alliancebernstein L.P. (2.50%) and Goldman Sachs Group Inc. (2.25%). 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, Alliancebernstein L.P., Retirement Systems of Alabama, William Blair Investment Management LLC, Man Group plc, Principal Financial Group Inc. and Gabelli Funds 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 purchased 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 $46.93.

PNM Resources has a market capitalization of $3.74 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]