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NYSE:PNM

PNM Resources - PNM Stock Forecast, Price & News

$48.27
-0.03 (-0.06%)
(As of 08/17/2022 09:38 AM ET)
Add
Compare
Today's Range
$48.25
$48.44
50-Day Range
$44.33
$48.68
52-Week Range
$43.43
$50.11
Volume
1,782 shs
Average Volume
406,581 shs
Market Capitalization
$4.14 billion
P/E Ratio
26.52
Dividend Yield
2.86%
Price Target
$49.00

PNM Resources MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
1.4% Upside
$49.00 Price Target
Short Interest
Healthy
4.77% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.10
Upright™ Environmental Score
News Sentiment
0.09mentions of PNM Resources in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.69%
From $2.60 to $2.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

Utilities Sector

83rd out of 93 stocks

Electric Services Industry

36th out of 42 stocks

PNM stock logo

About PNM Resources (NYSE:PNM) Stock

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. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.

PNM Resources Price Performance

PNM Resources stock opened at $48.30 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market capitalization of $4.15 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42. PNM Resources has a one year low of $43.43 and a one year high of $50.11. The business has a 50 day simple moving average of $47.20 and a 200 day simple moving average of $46.67.

PNM Resources (NYSE:PNM - Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $499.70 million during the quarter, compared to analysts' expectations of $445.36 million. PNM Resources had a return on equity of 10.41% and a net margin of 8.29%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. On average, sell-side analysts forecast that PNM Resources will post 2.6 EPS for the current fiscal year.

PNM Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be issued a dividend of $0.347 per share. The ex-dividend date is Tuesday, August 16th. This represents a $1.39 annualized dividend and a yield of 2.87%. PNM Resources's dividend payout ratio is presently 76.37%.

Analyst Ratings Changes

Separately, Mizuho upgraded PNM Resources from a "neutral" rating to a "buy" rating and cut their target price for the stock from $53.00 to $52.00 in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $49.00.

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PNM Stock News Headlines

How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
PNM Resources: Dividend Insights
PNM Resources Reports Second Quarter 2022 Results
How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
P10 (OTCMKTS:PIOE) & PNM Resources (NYSE:PNM) Critical Analysis
See More Headlines
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PNM Company Calendar

Last Earnings
8/04/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Today
8/17/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
69349H10
Employees
1,600
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+1.5%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$196.36 million
Pretax Margin
10.22%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$4.79 per share
Book Value
$25.46 per share

Miscellaneous

Free Float
84,608,000
Market Cap
$4.14 billion
Optionable
Optionable
Beta
0.42

Social Links


Key Executives

  • Ms. Patricia K. Vincent-Collawn (Age 63)
    Chairman & CEO
  • Mr. Joseph D. Tarry (Age 52)
    Pres & COO
    Comp: $871.89k
  • Mr. Ronald N. Darnell (Age 64)
    Sr. VP of Public Policy
    Comp: $741.67k
  • Mr. Chris M. Olson (Age 64)
    Sr. VP of Utility Operations
    Comp: $720.06k
  • Ms. Elisabeth A. Eden (Age 55)
    Sr. VP, CFO & Treasurer
  • Mr. Michael Patrick Mertz
    VP & Chief Information Officer
  • Ms. Lisa Goodman
    Director of Investor Relations
  • Mr. Patrick V. Apodaca (Age 70)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Rebecca R. Teague
    VP of HR
  • Mr. Henry E. Monroy
    VP of Regulatory & Corp. Controller













PNM Stock - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNM shares. 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 PNM analyst ratings
or view top-rated stocks.

What is PNM Resources' stock price forecast for 2022?

4 brokerages have issued 1-year target prices for PNM Resources' shares. Their PNM share price forecasts range from $45.00 to $52.00. On average, they predict the company's share price to reach $49.00 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for PNM
or view top-rated stocks among Wall Street analysts.

How have PNM shares performed in 2022?

PNM Resources' stock was trading at $45.61 at the start of the year. Since then, PNM shares have increased by 5.9% and is now trading at $48.30.
View the best growth stocks for 2022 here
.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,830,000 shares, an increase of 37.6% from the June 30th total of 3,510,000 shares. Based on an average trading volume of 619,000 shares, the short-interest ratio is presently 7.8 days. Currently, 5.7% of the company's stock are sold short.
View PNM Resources' Short Interest
.

When is PNM Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PNM earnings forecast
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) issued its earnings results on Thursday, August, 4th. The utilities provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The utilities provider earned $499.70 million during the quarter, compared to the consensus estimate of $445.36 million. PNM Resources had a trailing twelve-month return on equity of 10.41% and a net margin of 8.29%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS.

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

PNM Resources declared a quarterly dividend on Friday, August 5th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.347 per share on Wednesday, August 31st. This represents a $1.39 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, August 16th.
Read our dividend analysis for PNM
.

Is PNM Resources a good dividend stock?

PNM Resources (NYSE:PNM) pays an annual dividend of $1.39 per share and currently has a dividend yield of 2.86%. The dividend payout ratio is 76.37%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNM will have a dividend payout ratio of 52.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNM.

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

PNM Resources updated its FY 2023 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $2.60-$2.75 for the period. The company issued revenue guidance of -.

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

18 employees have rated PNM Resources Chief Executive Officer Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among the company's employees. This puts Patricia K. (Pat) Vincent-Collawn in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (3.66%), Millennium Management LLC (2.25%), Segantii Capital Management Ltd (2.01%), Price T Rowe Associates Inc. MD (1.56%), Northern Trust Corp (1.52%) and Gamco Investors INC. ET AL (1.49%).
View institutional ownership trends
.

How do I buy shares of PNM Resources?

Shares of PNM stock 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 $48.30.

How much money does PNM Resources make?

PNM Resources (NYSE:PNM) has a market capitalization of $4.15 billion and generates $1.78 billion in revenue each year. The utilities provider earns $196.36 million in net income (profit) each year or $1.82 on an earnings per share basis.

How many employees does PNM Resources have?

The company employs 1,600 workers across the globe.

When was PNM Resources founded?

PNM Resources was founded in 1917.

How can I contact PNM Resources?

PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The official website for the company is www.pnmresources.com. The utilities provider can be reached via phone at (505) 241-2700, via email at lisa.goodman@pnmresources.com, or via fax at 505-241-4311.

This page (NYSE:PNM) was last updated on 8/17/2022 by MarketBeat.com Staff

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