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NYSE:PNMPNM Resources Stock Price, Forecast & News

$40.82
+0.50 (+1.24 %)
(As of 06/1/2020 04:00 PM ET)
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Compare
Today's Range
$39.83
Now: $40.82
$41.38
50-Day Range
$35.77
MA: $40.58
$46.58
52-Week Range
$27.08
Now: $40.82
$56.14
Volume776,100 shs
Average Volume729,302 shs
Market Capitalization$3.25 billion
P/E Ratio75.59
Dividend Yield3.01%
Beta0.59
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: 3.3Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 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$5.95 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Employees1,668
Market Cap$3.25 billion
Next Earnings Date8/7/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, PNM stock has decreased by 11.4% and is now trading at $40.44. View which stocks have been most impacted by Coronavirus.

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 4 hold ratings and 4 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, August 7th 2020. View our earnings forecast for PNM Resources.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) posted its quarterly earnings results on Monday, April, 13th. The utilities provider reported $0.18 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.01. The utilities provider earned $333.60 million during the quarter, compared to analysts' expectations of $193.55 million. PNM Resources had a net margin of 2.92% and a return on equity of 9.98%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 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 Friday, February 21st. Stockholders of record on Friday, May 1st will be paid a dividend of $0.308 per share on Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, April 30th. This is a boost from PNM Resources's previous quarterly dividend of $0.31. View PNM Resources' dividend history.

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

PNM Resources updated its FY20 earnings guidance on Monday, June, 1st. The company provided earnings per share (EPS) guidance of $2 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.17.

What price target have analysts set for PNM?

8 analysts have issued 12 month price objectives for PNM Resources' shares. Their forecasts range from $40.00 to $55.00. On average, they anticipate PNM Resources' share price to reach $47.25 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View analysts' price targets for PNM Resources.

Has PNM Resources been receiving favorable news coverage?

Headlines about PNM stock have trended extremely negative on Monday, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PNM Resources earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news articles 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 company's share price in the next several days. View the latest news aboutPNM Resources.

Are investors shorting PNM Resources?

PNM Resources saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,190,000 shares, a decrease of 6.9% from the April 30th total of 4,500,000 shares. Based on an average daily trading volume, of 727,900 shares, the days-to-cover ratio is currently 5.8 days. Currently, 5.3% of the company's shares are sold short. View PNM Resources' Current Options Chain.

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), Emerson Electric (EMR), Target (TGT), Adobe (ADBE), Kimberly Clark (KMB), Altria Group (MO), Pfizer (PFE), Procter & Gamble (PG) and Costco Wholesale (COST).

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 BlackRock Inc. (11.83%), State Street Corp (3.57%), Franklin Resources Inc. (3.27%), Mitsubishi UFJ Trust & Banking Corp (3.01%), Zimmer Partners LP (2.73%) and Gamco Investors INC. ET AL (2.55%). 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 Gabelli Funds LLC, AJO LP, Wells Fargo & Company MN, AQR Capital Management LLC, Morgan Stanley, BlackRock Inc., Invesco Ltd., and JPMorgan Chase & Co.. 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 Mitsubishi UFJ Trust & Banking Corp, Zimmer Partners LP, Franklin Resources Inc., Bank of New York Mellon Corp, Canada Pension Plan Investment Board, Russell Investments Group Ltd., Weiss Multi Strategy Advisers LLC, and Gamco Investors INC. ET AL. 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 $40.44.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.22 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 6/1/2020 by MarketBeat.com Staff

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