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 announced a quarterly dividend on Tuesday, December 10th. Investors of record on Monday, February 3rd will be given a dividend of $0.3075 per share on Friday, February 14th. This represents a $1.23 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, January 31st. This is a boost from PNM Resources's previous quarterly dividend of $0.29. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) released its quarterly earnings results on Friday, November, 1st. The utilities provider reported $1.29 EPS for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.04. The utilities provider earned $433.59 million during the quarter, compared to analysts' expectations of $562.33 million. PNM Resources had a negative net margin of 0.64% and a positive return on equity of 9.18%. During the same quarter in the previous year, the firm posted $1.08 EPS. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for PNM Resources.

PNM Resources updated its FY 2020 After-Hours earnings guidance on Friday, January, 10th. The company provided earnings per share (EPS) guidance of 2.16-2.26 for the period, compared to the Thomson Reuters consensus estimate of $2.20.

7 brokerages have issued 1-year price objectives for PNM Resources' stock. Their forecasts range from $50.00 to $56.00. On average, they anticipate PNM Resources' share price to reach $53.00 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price. 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 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

Media coverage about PNM stock has been trending positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of news 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 3.0 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for PNM Resources.

PNM Resources saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,230,000 shares, an increase of 21.8% from the December 15th total of 1,010,000 shares. Based on an average daily volume of 421,500 shares, the short-interest ratio is currently 2.9 days. Approximately 1.6% 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), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), FirstEnergy (FE), PPL (PPL), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and Portland General Electric (POR).

Based on aggregate information from My MarketBeat watchlists, some companies that other PNM Resources investors own include PepsiCo (PEP), Costco Wholesale (COST), Emerson Electric (EMR), Comcast (CMCSA), Roku (ROKU), Kimberly Clark (KMB), Nucor (NUE), Target (TGT), Walmart (WMT) and Adobe (ADBE).

PNM Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.22%), Nisa Investment Advisors LLC (0.06%), Bowling Portfolio Management LLC (0.03%), Assenagon Asset Management S.A. (0.02%), State of Alaska Department of Revenue (0.02%) and 6 Meridian (0.01%). 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 Nisa Investment Advisors LLC, Wedge Capital Management L L P NC and State of Alaska Department of Revenue. 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 bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Bowling Portfolio Management LLC, Assenagon Asset Management S.A., Sciencast Management LP, Huntington National Bank and 6 Meridian. 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 $51.38.

PNM Resources has a market capitalization of $4.09 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]