NYSE:PNM - PNM Resources Stock Price, News, & Analysis

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

PNM Resources announced a quarterly dividend on Wednesday, September 19th. Investors of record on Friday, November 2nd will be given a dividend of $0.265 per share on Friday, November 16th. This represents a $1.06 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, November 1st. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) released its earnings results on Tuesday, November, 6th. The utilities provider reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. The utilities provider had revenue of $422.67 million for the quarter, compared to the consensus estimate of $483.08 million. PNM Resources had a return on equity of 9.25% and a net margin of 6.08%. During the same period in the previous year, the company posted $0.93 earnings per share. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for PNM Resources.

PNM Resources updated its FY18 earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $1.95-1.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.94. PNM Resources also updated its FY 2018 guidance to $1.95-1.98 EPS.

7 analysts have issued 12 month target prices for PNM Resources' shares. Their forecasts range from $36.00 to $40.00. On average, they expect PNM Resources' share price to reach $37.7143 in the next twelve months. This suggests that the stock has a possible downside of 11.0%. 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 3 sell ratings and 4 hold 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 positive on Saturday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing 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 1.2 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Some companies that are related to PNM Resources include EDP-Energias de Portugal, S.A (EDPFY), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), NRG Energy (NRG), CENTRICA PLC/S (CPYYY), Pinnacle West Capital (PNW), Enel Americas (ENIA), Huaneng Power International (HNP), CHINA RESOURES/ADR (CRPJY), CENTRAIS ELETRI/S (EBR), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), Great Plains Energy (GXP) and Algonquin Power & Utilities (AQN).

PNM Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.88%), Renaissance Technologies LLC (3.12%), Alliancebernstein L.P. (2.93%), Franklin Resources Inc. (2.77%), Gamco Investors INC. ET AL (2.70%) and Dimensional Fund Advisors LP (2.16%). 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 Franklin Resources Inc., Prudential Financial Inc., Canada Pension Plan Investment Board, Gamco Investors INC. ET AL, Retirement Systems of Alabama, Wells Fargo & Company MN, Russell Investments Group Ltd. and Hsbc Holdings PLC. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Ronald N Darnell. View Insider Buying and Selling for PNM Resources.

PNM stock was acquired by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, BlackRock Inc., Renaissance Technologies LLC, Assenagon Asset Management S.A., Alliancebernstein L.P., AQR Capital Management LLC, Man Group plc and SG Americas Securities 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, Scottrade, Fidelity and Charles Schwab.

One share of PNM stock can currently be purchased for approximately $42.38.

PNM Resources has a market capitalization of $3.32 billion and generates $1.45 billion in revenue each year. The utilities provider earns $80.40 million in net income (profit) each year or $1.94 on an earnings per share basis. PNM Resources employs 1,699 workers across the globe.

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]