PNM Resources - PNM Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PNM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNM, but not buy additional shares or sell existing shares.
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2 brokers have issued twelve-month target prices for PNM Resources' shares. Their PNM share price forecasts range from $48.00 to $50.30. On average, they predict the company's stock price to reach $49.15 in the next twelve months. This suggests that the stock has a possible downside of 0.0%.
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PNM Resources' stock was trading at $48.79 at the beginning of the year. Since then, PNM stock has increased by 0.8% and is now trading at $49.17.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
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PNM Resources will be holding an earnings conference call on Friday, February 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

PNM Resources, Inc. (NYSE:PNM) posted its earnings results on Friday, November, 4th. The utilities provider reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.17. The utilities provider had revenue of $729.89 million for the quarter. PNM Resources had a trailing twelve-month return on equity of 10.72% and a net margin of 8.03%.

PNM Resources announced a quarterly dividend on Friday, December 2nd. Stockholders of record on Friday, February 3rd will be given a dividend of $0.368 per share on Friday, February 17th. This represents a $1.47 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, February 2nd. This is a boost from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for PNM.

PNM Resources (NYSE:PNM) pays an annual dividend of $1.39 per share and currently has a dividend yield of 2.82%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM will have a dividend payout ratio of 52.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNM.

PNM Resources updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of $2.63-$2.68 for the period, compared to the consensus estimate of $2.59. The company issued revenue guidance of -.

18 employees have rated PNM Resources Chief Executive Officer Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among the company's employees. This puts Patricia K. (Pat) Vincent-Collawn in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

PNM Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.72%), Tokio Marine Asset Management Co. Ltd. (0.23%), New York State Teachers Retirement System (0.10%), Pendal Group Ltd (0.06%), Comerica Bank (0.04%) and Strs Ohio (0.03%).
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Shares of PNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PNM stock can currently be purchased for approximately $49.17.

PNM Resources (NYSE:PNM) has a market capitalization of $4.22 billion and generates $1.78 billion in revenue each year. The utilities provider earns $196.36 million in net income (profit) each year or $1.92 on an earnings per share basis.

The company employs 1,600 workers across the globe.

PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The official website for the company is www.pnmresources.com. The utilities provider can be reached via phone at (505) 241-2700, via email at lisa.goodman@pnmresources.com, or via fax at 505-241-4311.