PNM Resources Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNM Resources stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNM, but not buy additional shares or sell existing shares.
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Wall Street analysts have given PNM Resources a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PNM Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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PNM Resources saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,350,000 shares, an increase of 37.3% from the August 15th total of 2,440,000 shares. Based on an average daily volume of 615,100 shares, the short-interest ratio is presently 5.4 days. Approximately 4.0% of the company's shares are sold short.
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PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for PNM Resources.

PNM Resources, Inc. (NYSE:PNM) released its earnings results on Friday, July, 30th. The utilities provider reported $0.55 EPS for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.09. The utilities provider had revenue of $426.54 million for the quarter, compared to the consensus estimate of $345.08 million. PNM Resources had a net margin of 12.46% and a trailing twelve-month return on equity of 9.79%. The firm's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 earnings per share.
View PNM Resources' earnings history.

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 (WHO). Since then, PNM stock has increased by 8.2% and is now trading at $49.41.
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PNM Resources declared a quarterly dividend on Tuesday, July 27th. Investors of record on Friday, August 6th will be given a dividend of $0.327 per share on Friday, August 13th. This represents a $1.31 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, August 5th.
View PNM Resources' dividend history.

PNM Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 2.65%. The dividend payout ratio of PNM Resources is 57.46%. This payout ratio is at a healthy, sustainable level, below 75%.
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PNM Resources updated its FY 2021 earnings guidance on Friday, August, 6th. The company provided earnings per share guidance of $2.270-$2.370 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.320. The company issued revenue guidance of -.

8 equities research analysts have issued 12 month price objectives for PNM Resources' shares. Their forecasts range from $50.00 to $52.00. On average, they expect PNM Resources' share price to reach $50.75 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
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18 employees have rated PNM Resources CEO Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among PNM Resources' employees. This puts Patricia K. (Pat) Vincent-Collawn in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to PNM Resources include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), Entergy (ETR), PPL (PPL), Edison International (EIX), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), ALLETE (ALE) and MGE Energy (MGEE).
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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 Colgate-Palmolive (CL).

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

PNM Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.94%), Vanguard Group Inc. (10.13%), Millennium Management LLC (3.35%), Magnetar Financial LLC (3.25%), Gabelli Funds LLC (3.10%) and State Street Corp (3.06%).
View institutional ownership trends for PNM Resources.

PNM stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Healthcare of Ontario Pension Plan Trust Fund, Citigroup Inc., Magnetar Financial LLC, Gamco Investors INC. ET AL, Goldman Sachs Group Inc., Franklin Resources Inc., and Royal Bank of Canada.
View insider buying and selling activity for PNM Resources or view top insider-selling stocks.

PNM stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Melqart Asset Management UK Ltd, Westchester Capital Management LLC, Millennium Management LLC, Carlson Capital L P, Deutsche Bank AG, Weiss Multi Strategy Advisers LLC, and Grantham Mayo Van Otterloo & Co. LLC.
View insider buying and selling activity for PNM Resources or or view top insider-buying stocks.

Shares of PNM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PNM stock can currently be purchased for approximately $49.41.

PNM Resources has a market capitalization of $4.24 billion and generates $1.52 billion in revenue each year. The utilities provider earns $173.30 million in net income (profit) each year or $2.28 on an earnings per share basis.

PNM Resources employs 1,708 workers across the globe.

PNM Resources was founded in 1917.

The official website for PNM Resources is www.pnmresources.com.

PNM Resources is headquartered at 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102.

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]