NYSE:PNM

PNM Resources Stock Forecast, Price & News

$48.46
+0.05 (+0.10 %)
(As of 06/24/2021 02:33 PM ET)
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Today's Range
$48.40
$48.46
50-Day Range
$48.41
$49.97
52-Week Range
$36.93
$50.25
Volume9,693 shs
Average Volume928,581 shs
Market Capitalization$4.16 billion
P/E Ratio19.00
Dividend Yield2.69%
Beta0.52
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About PNM Resources

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services 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 engages 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, 2020, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,389 miles of electric transmission lines, 6,077 miles of distribution overhead lines, 5,962 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, 2020, this segment owned 983 miles of overhead electric transmission lines, 7,282 miles of overhead distribution lines, 1,348 miles of underground distribution lines, and 110 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 800,000 homes and businesses in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1917 and is headquartered in Albuquerque, New Mexico.

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Profitability

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MarketRank

Overall MarketRank

1.96 out of 5 stars

Utilities Sector

46th out of 280 stocks

Electric Services Industry

21st out of 79 stocks

Analyst Opinion: 0.9Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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PNM Resources (NYSE:PNM) Frequently Asked Questions

Is PNM Resources a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for PNM Resources
or view top-rated stocks.

What stocks does MarketBeat like better than PNM Resources?

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.
View MarketBeat's top stock picks here.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its earnings results on Friday, April, 30th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. The utilities provider earned $364.70 million during the quarter, compared to the consensus estimate of $388.27 million. PNM Resources had a net margin of 13.26% and a trailing twelve-month return on equity of 10.10%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS.
View PNM Resources' earnings history
.

How has PNM Resources' stock price 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 (WHO). Since then, PNM stock has increased by 6.1% and is now trading at $48.42.
View which stocks have been most impacted by COVID-19
.

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

PNM Resources announced a quarterly dividend on Friday, March 5th. Shareholders of record on Friday, April 30th will be paid a dividend of $0.327 per share on Friday, May 14th. This represents a $1.31 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, April 29th.
View PNM Resources' dividend history
.

Is PNM Resources a good dividend stock?

PNM Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 2.69%. PNM Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of PNM Resources is 57.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM Resources will have a dividend payout ratio of 51.57% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.
View PNM Resources' dividend history.

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

PNM Resources updated its FY 2021 earnings guidance on Friday, May, 7th. The company provided EPS 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 -.

What price target have analysts set for PNM?

7 equities research analysts have issued twelve-month target prices for PNM Resources' stock. Their forecasts range from $50.00 to $52.00. On average, they expect PNM Resources' stock price to reach $50.75 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for PNM Resources
or view top-rated stocks among Wall Street analysts.

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 62)
  • Mr. Joseph D. Tarry, CFO & Sr. VP (Age 51, Pay $841.78k)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 69, Pay $1.1M)
  • Mr. Charles N. Eldred MBA, Exec. VP of Corp. Devel. & Fin. (Age 67, Pay $2.02M)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 63, Pay $870.52k)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 63, Pay $765.76k)
  • Mr. Michael Patrick Mertz, VP & Chief Information Officer
  • Ms. Lisa Goodman, Director of Investor Relations
  • Ms. Rebecca R. Teague, VP of HR
  • Ms. Elisabeth A. Eden, VP & Treasurer (Age 54)

What is Patricia K. (Pat) Vincent-Collawn's approval rating as PNM Resources' CEO?

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.

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 Colgate-Palmolive (CL).

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.13%), Gabelli Funds LLC (3.07%), Millennium Management LLC (2.53%), Gamco Investors INC. ET AL (2.21%), Franklin Resources Inc. (2.10%) and Grantham Mayo Van Otterloo & Co. LLC (1.75%).
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 Zimmer Partners LP, Northern Trust Corp, Citadel Advisors LLC, Canada Pension Plan Investment Board, Alliancebernstein L.P., Price T Rowe Associates Inc. MD, Franklin Resources Inc., and Millennium Management LLC.
View insider buying and selling activity for PNM Resources
or view top insider-selling stocks.

Which major investors are buying PNM Resources stock?

PNM stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., D. E. Shaw & Co. Inc., Grantham Mayo Van Otterloo & Co. LLC, Healthcare of Ontario Pension Plan Trust Fund, Gabelli Funds LLC, State of Wisconsin Investment Board, JPMorgan Chase & Co., and Dynamic Technology Lab Private Ltd.
View insider buying and selling activity for PNM Resources
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $48.42.

How much money does PNM Resources make?

PNM Resources has a market capitalization of $4.16 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.

How many employees does PNM Resources have?

PNM Resources employs 1,708 workers across the globe.

When was PNM Resources founded?

PNM Resources was founded in 1917.

What is PNM Resources' official website?

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

Where are PNM Resources' headquarters?

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

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 6/24/2021 by MarketBeat.com Staff
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