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NYSE:PNMPNM Resources Stock Price, Forecast & News

$43.89
-1.04 (-2.31 %)
(As of 08/12/2020 04:00 PM ET)
Add
Compare
Today's Range
$43.74
Now: $43.89
$45.70
50-Day Range
$37.10
MA: $40.41
$44.93
52-Week Range
$27.08
Now: $43.89
$56.14
Volume596,800 shs
Average Volume641,263 shs
Market Capitalization$3.50 billion
P/E Ratio19.86
Dividend Yield2.80%
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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PNM Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.67 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$5.89 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Employees1,668
Market Cap$3.50 billion
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$43.89
-1.04 (-2.31 %)
(As of 08/12/2020 04:00 PM 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 Coronavirus (COVID-19)?

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PNM stock has decreased by 3.9% and is now trading at $43.89.
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) announced its quarterly earnings results on Friday, July, 31st. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The utilities provider had revenue of $357.64 million for the quarter, compared to the consensus estimate of $345.13 million. PNM Resources had a return on equity of 10.72% and a net margin of 11.57%. PNM Resources's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company 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 declared a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be paid a dividend of $0.308 per share on Friday, August 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.81%. 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 issued an update on its FY 2020 IntraDay earnings guidance on Wednesday, August, 12th. The company provided EPS guidance of 2.16-2.26 for the period, compared to the Thomson Reuters consensus estimate of $2.19.

What price target have analysts set for PNM?

8 brokerages have issued 12 month price objectives for PNM Resources' shares. Their forecasts range from $40.00 to $55.00. On average, they expect PNM Resources' stock price to reach $46.50 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts' price targets for PNM Resources
.

Has PNM Resources been receiving favorable news coverage?

Media stories about PNM stock have been trending very negative recently, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. PNM Resources earned a news impact score of -3.9 on InfoTrie's scale. They also assigned headlines about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about 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 PepsiCo (PEP), AbbVie (ABBV), Altria Group (MO), AT&T (T), Exxon Mobil (XOM), Emerson Electric (EMR), Pfizer (PFE), Target (TGT), Abbott Laboratories (ABT) and Chesapeake Energy (CHKAQ).

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 shareholders include Goldman Sachs Group Inc. (2.60%), Macquarie Group Ltd. (2.00%), Bank of New York Mellon Corp (1.67%), Principal Financial Group Inc. (1.40%), Victory Capital Management Inc. (0.92%) and Jennison Associates LLC (0.82%). 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 major 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, Victory Capital Management Inc., Bank of Montreal Can, Goldman Sachs Group Inc., Prudential Financial Inc., James Investment Research Inc., and Bessemer Group Inc..
View insider buying and selling activity for PNM Resources
.

Which major investors are buying PNM Resources stock?

PNM stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Russell Investments Group Ltd., Chartwell Investment Partners LLC, Jennison Associates LLC, State of Wisconsin Investment Board, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, William Blair Investment Management LLC, and Barclays PLC.
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 $43.89.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.50 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 8/12/2020 by MarketBeat.com Staff

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