NYSE:PNM - PNM Resources Stock Price, Price Target & More

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$38.20 +0.40 (+1.06 %)
(As of 06/21/2018 04:00 PM ET)
Previous Close$37.80
Today's Range$37.70 - $38.35
52-Week Range$33.75 - $46.00
Volume331,022 shs
Average Volume600,132 shs
Market Capitalization$3.08 billion
P/E Ratio19.72
Dividend Yield2.74%
Beta0.27
PNM Resources logoPNM 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, 2017, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,200 miles of electric transmission lines, 6,063 miles of distribution overhead lines, 5,828 miles of underground distribution lines, and 254 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, 2017, this segment owned 978 miles of overhead electric transmission lines, 7,111 miles of overhead distribution lines, 1,241 miles of underground distribution lines, and 116 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 773,000 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.

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
SymbolNYSE:PNM
CUSIP69349H10
Phone505-241-2700

Debt

Debt-to-Equity Ratio1.30
Current Ratio0.35
Quick Ratio0.27

Price-To-Earnings

Trailing P/E Ratio19.72
Forward P/E Ratio20.43
P/E Growth4.04

Sales & Book Value

Annual Sales$1.45 billion
Price / Sales2.11
Cash Flow$5.2545 per share
Price / Cash7.27
Book Value$22.11 per share
Price / Book1.73

Profitability

EPS (Most Recent Fiscal Year)$1.94
Net Income$80.40 million
Net Margins5.03%
Return on Equity8.41%
Return on Assets2.26%

Miscellaneous

Employees1,699
Outstanding Shares79,650,000

PNM Resources (NYSE:PNM) Frequently Asked Questions

What is PNM Resources' stock symbol?

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

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

PNM Resources declared a quarterly dividend on Friday, February 23rd. Investors of record on Wednesday, May 2nd will be given a dividend of $0.265 per share on Wednesday, May 16th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, May 1st. View PNM Resources' Dividend History.

How were PNM Resources' earnings last quarter?

PNM Resources (NYSE:PNM) released its quarterly earnings results on Friday, April, 27th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.21. The utilities provider earned $317.88 million during the quarter, compared to analyst estimates of $257.44 million. PNM Resources had a net margin of 5.03% and a return on equity of 8.41%. During the same quarter last year, the company earned $0.28 earnings per share. View PNM Resources' Earnings History.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for PNM Resources.

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

PNM Resources issued an update on its FY19 earnings guidance on Tuesday, June, 5th. The company provided EPS guidance of $2.04-2.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.08. PNM Resources also updated its FY18 guidance to $1.82-1.92 EPS.

What price target have analysts set for PNM?

12 analysts have issued 12 month price targets for PNM Resources' shares. Their forecasts range from $36.00 to $43.00. On average, they anticipate PNM Resources' stock price to reach $38.8091 in the next twelve months. View Analyst Ratings for PNM Resources.

Who are some of PNM Resources' key competitors?

Who are PNM Resources' key executives?

PNM Resources' management team includes the folowing people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Chief Exec. Officer and Pres (Age 59)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 64)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel and Sec. (Age 66)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 60)
  • Mr. Joseph Don Tarry, VP of Fin. & Corp. Controller (Age 48)

Has PNM Resources been receiving favorable news coverage?

Media stories about PNM stock have trended somewhat positive on Thursday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PNM Resources earned a media sentiment score of 0.24 on Accern's scale. They also assigned news headlines about the utilities provider an impact score of 47.95 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.32%), Franklin Resources Inc. (3.18%), Gamco Investors INC. ET AL (2.82%), Northern Trust Corp (2.75%), Dimensional Fund Advisors LP (2.12%) and Principal Financial Group Inc. (1.57%). 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.

Which institutional investors are selling PNM Resources stock?

PNM stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Franklin Resources Inc., Principal Financial Group Inc., Principal Financial Group Inc., Gamco Investors INC. ET AL, Barclays PLC, UBS Group AG and Monarch Partners Asset Management LLC. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry, Patrick V Apodaca and Ronald N Darnell. View Insider Buying and Selling for PNM Resources.

Which institutional investors are buying PNM Resources stock?

PNM stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Old Mutual Global Investors UK Ltd., Prudential Financial Inc., Matarin Capital Management LLC, Covalis Capital LLP, Allianz Asset Management GmbH, Allianz Asset Management GmbH and Federated Investors Inc. PA. View Insider Buying and Selling for PNM Resources.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $38.20.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.08 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.

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]


MarketBeat Community Rating for PNM Resources (PNM)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  268 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  599
MarketBeat's community ratings are surveys of what our community members think about PNM Resources and other stocks. Vote "Outperform" if you believe PNM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PNM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/21/2018 by MarketBeat.com Staff

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