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NYSE:PNM

PNM Resources Stock Forecast, Price & News

$40.04
-0.05 (-0.12 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$39.00
Now: $40.04
$40.24
50-Day Range
$40.09
MA: $43.07
$44.98
52-Week Range
$27.08
Now: $40.04
$56.14
Volume1.54 million shs
Average Volume607,185 shs
Market Capitalization$3.19 billion
P/E Ratio18.12
Dividend Yield3.07%
Beta0.58
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.00 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$5.84 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Employees1,668
Market Cap$3.19 billion
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$40.04
-0.05 (-0.12 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PNM Resources (NYSE:PNM) Frequently Asked Questions

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

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PNM shares have decreased by 12.3% and is now trading at $40.04.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of PNM Resources?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for PNM Resources
.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) released its quarterly earnings data on Friday, July, 31st. The utilities provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.05. The utilities provider had revenue of $357.64 million for the quarter, compared to analyst estimates of $345.13 million. PNM Resources had a net margin of 11.57% and a return on equity of 10.72%. The business's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS.
View PNM Resources' earnings history
.

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

PNM Resources announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of $0.308 per share on Friday, August 14th. This represents a $1.23 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, August 6th.
View PNM Resources' dividend history
.

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

PNM Resources updated its FY20 earnings guidance on Wednesday, September, 9th. The company provided earnings per share guidance of $2.16-2.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.19.

What price target have analysts set for PNM?

8 Wall Street analysts have issued 12-month target prices for PNM Resources' shares. Their forecasts range from $40.00 to $55.00. On average, they anticipate PNM Resources' share price to reach $46.50 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price.
View analysts' price targets for PNM Resources
.

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 Walmart (WMT).

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 60)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 65)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 67)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 61)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 61)

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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.94%), FMR LLC (4.05%), Mitsubishi UFJ Trust & Banking Corp (3.80%), Goldman Sachs Group Inc. (2.60%), Gamco Investors INC. ET AL (2.46%) and Gabelli Funds LLC (2.33%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry and Patrick V Apodaca.
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 Prudential PLC, Thrivent Financial for Lutherans, Vanguard Group Inc., AQR Capital Management LLC, Victory Capital Management Inc., Bank of Montreal Can, Goldman Sachs Group Inc., and Jacobs Levy Equity Management Inc..
View insider buying and selling activity for PNM Resources
.

Which institutional investors are buying PNM Resources stock?

PNM stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Mitsubishi UFJ Trust & Banking Corp, FMR LLC, Russell Investments Group Ltd., Chartwell Investment Partners LLC, Jennison Associates LLC, State of Wisconsin Investment Board, and Bank of America Corp DE.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $40.04.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.19 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. 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.

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 9/19/2020 by MarketBeat.com Staff

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