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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:PNM

PNM Resources Stock Forecast, Price & News

$47.42
+0.06 (+0.13 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$47.16
Now: $47.42
$47.52
50-Day Range
$47.10
MA: $48.52
$48.93
52-Week Range
$27.08
Now: $47.42
$52.08
Volume1.09 million shs
Average Volume1.03 million shs
Market Capitalization$4.07 billion
P/E Ratio19.36
Dividend Yield2.78%
Beta0.51
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
PNM Resources logo

Headlines

PNM Resources declares $0.3275 dividend
March 5, 2021 |  seekingalpha.com
PNM Resources Reports 2020 Earnings Results
February 26, 2021 |  prnewswire.com
Analyzing PNM Resources's Ex-Dividend Date
February 1, 2021 |  finance.yahoo.com
Today’s Dirty Utilities May Be Tomorrow’s ESG Winners
December 30, 2020 |  finance.yahoo.com
4 Reasons to Invest in PNM Resources (PNM) Stock Right Now
December 3, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP69349H10
Phone505-241-2700
Employees1,668
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$5.80 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Market Cap$4.07 billion
Next Earnings Date4/12/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.86 out of 5 stars

Utilities Sector

54th out of 276 stocks

Electric Services Industry

22nd out of 78 stocks

Analyst Opinion: 0.9Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$47.42
+0.06 (+0.13 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PNM Resources (NYSE:PNM) Frequently Asked Questions

Is PNM Resources a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNM Resources stock. 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.
View analyst ratings for PNM Resources
or view top-rated stocks.

What stocks does MarketBeat like better than PNM Resources?

Wall Street analysts have given PNM Resources a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PNM Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting PNM Resources?

PNM Resources saw a decrease in short interest in February. As of February 12th, there was short interest totaling 2,640,000 shares, a decrease of 19.5% from the January 28th total of 3,280,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is presently 2.6 days.
View PNM Resources' Short Interest
.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Monday, April 12th 2021.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its quarterly earnings results on Friday, February, 26th. The utilities provider reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. PNM Resources had a net margin of 12.49% and a trailing twelve-month return on equity of 11.03%. During the same quarter in the previous year, the firm earned $0.36 earnings per share.
View PNM Resources' earnings history
.

How has PNM Resources' stock been impacted by COVID-19?

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PNM stock has increased by 3.9% and is now trading at $47.42.
View which stocks have been most impacted by COVID-19
.

How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources?

PNM Resources declared a quarterly dividend on Friday, December 4th. Stockholders of record on Wednesday, February 3rd will be paid a dividend of $0.327 per share on Tuesday, February 16th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, February 2nd. This is a positive change from PNM Resources's previous quarterly dividend of $0.31.
View PNM Resources' dividend history
.

Is PNM Resources a good dividend stock?

PNM Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 2.78%. PNM Resources does not yet have a strock track record of dividend growth. The dividend payout ratio of PNM Resources is 60.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM Resources will have a dividend payout ratio of 57.46% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.
View PNM Resources' dividend history.

What guidance has PNM Resources issued on next quarter's earnings?

PNM Resources updated its FY21 earnings guidance on Friday, February, 26th. The company provided earnings per share guidance of $2.27-2.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.33.

What price target have analysts set for PNM?

8 brokerages have issued 1 year price targets for PNM Resources' stock. Their forecasts range from $43.00 to $52.00. On average, they anticipate PNM Resources' share price to reach $48.71 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
View analysts' price targets for PNM Resources
or view top-rated stocks among Wall Street analysts.

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 62)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 69, Pay $696.74k)
  • Mr. Charles N. Eldred MBA, Exec. VP of Corp. Devel. & Fin. (Age 67, Pay $1.89M)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 63, Pay $635.06k)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 63, Pay $602.65k)
  • Mr. Joseph D. Tarry, CFO & Sr. VP (Age 51)
  • Mr. Michael Patrick Mertz, VP & Chief Information Officer
  • Ms. Lisa Goodman, Director of Investor Relations
  • Ms. Rebecca R. Teague, VP of HR
  • Ms. Elisabeth A. Eden, VP & Treasurer (Age 54)

What is Patricia K. (Pat) Vincent-Collawn's approval rating as PNM Resources' CEO?

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

Who are some of PNM Resources' key competitors?

What other stocks do shareholders of PNM Resources own?

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).

What is PNM Resources' stock symbol?

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

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.74%), Magnetar Financial LLC (3.55%), Gabelli Funds LLC (2.66%), Northern Trust Corp (2.45%), Gamco Investors INC. ET AL (2.45%) and Dimensional Fund Advisors LP (1.73%). Company insiders that own PNM Resources stock include Charles N Eldred and Joseph Don Tarry.
View institutional ownership trends for PNM Resources
.

Which major investors are selling PNM Resources stock?

PNM stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Renaissance Technologies LLC, Principal Financial Group Inc., Principal Financial Group Inc., Alliancebernstein L.P., Victory Capital Management Inc., Bank of New York Mellon Corp, and Russell Investments Group Ltd..
View insider buying and selling activity for PNM Resources
or view top insider-selling stocks.

Which major investors are buying PNM Resources stock?

PNM stock was purchased by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Water Island Capital LLC, Segantii Capital Management Ltd, ARP Americas LP, Citigroup Inc., Hudson Bay Capital Management LP, IndexIQ Advisors LLC, and Canada Pension Plan Investment Board.
View insider buying and selling activity for PNM Resources
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $47.42.

How much money does PNM Resources make?

PNM Resources has a market capitalization of $4.07 billion and generates $1.46 billion in revenue each year. The utilities provider earns $77.89 million in net income (profit) each year or $2.16 on an earnings per share basis.

How many employees does PNM Resources have?

PNM Resources employs 1,668 workers across the globe.

What is PNM Resources' official website?

The official website for PNM Resources is www.pnmresources.com.

Where are PNM Resources' headquarters?

PNM Resources is headquartered at 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102.

How can I contact PNM Resources?

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]


This page was last updated on 3/7/2021 by MarketBeat.com Staff

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