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NYSE:PNM

PNM Resources - PNM Stock Forecast, Price & News

$49.15
+0.10 (+0.20%)
(As of 02/8/2023 05:08 PM ET)
Add
Compare
Today's Range
$48.95
$49.15
50-Day Range
$48.60
$49.51
52-Week Range
$43.43
$49.60
Volume
466,896 shs
Average Volume
671,684 shs
Market Capitalization
$4.22 billion
P/E Ratio
25.60
Dividend Yield
2.99%
Price Target
$49.15

PNM Resources MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
N/A
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.89
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.31%
From $2.60 to $2.66 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Utilities Sector

75th out of 85 stocks

Electric Services Industry

35th out of 40 stocks

PNM stock logo

About PNM Resources (NYSE:PNM) Stock

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

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PNM Stock News Headlines

Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse
The One Ticker Retirement Plan How to make all the money you need – in any market – using a single stock.
PNM Resources to Announce 2022 Earnings on February 24
Laser breakthrough could send stock soaring 2,476%
Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%...Boeing soared 4,238%...L3Harris shot up 1,628%...
PNM Files for 2024 Rate Change
PNM Resources Increases Common Dividend 5.8%
PNM Resources Reports Third Quarter 2022 Results
Preview: PNM Resources's Earnings
Upcoming Dividend Run For PNM?
PNM Resources Passes Through 3% Yield Mark
See More Headlines
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PNM Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Ex-Dividend for 2/17 Dividend
2/02/2023
Today
2/08/2023
Dividend Payable
2/17/2023
Next Earnings (Confirmed)
2/24/2023
Fiscal Year End
12/31/2023

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
$49.15
High Stock Price Forecast
$50.30
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
0.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$196.36 million
Pretax Margin
9.65%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$4.83 per share
Book Value
$25.90 per share

Miscellaneous

Free Float
84,608,000
Market Cap
$4.22 billion
Optionable
Optionable
Beta
0.43

Social Links


Key Executives

  • Patricia K. Vincent-Collawn
    Chairman & Chief Executive Officer
  • Joseph D. Tarry
    President & Chief Operating Officer
  • Elisabeth A Eden
    Chief Financial Officer, Treasurer & Senior VP
  • Mike Mertz
    Chief Information Officer & Vice President
  • Patrick V. Apodaca
    Secretary, Senior Vice President & General Counsel













PNM Stock - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 2023?

2 brokers have issued 1-year price targets for PNM Resources' shares. Their PNM share price forecasts range from $48.00 to $50.30. On average, they expect the company's share price to reach $49.15 in the next year. This suggests a possible upside of 0.3% 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 2023?

PNM Resources' stock was trading at $48.79 at the beginning of the year. Since then, PNM shares have increased by 0.4% and is now trading at $48.99.
View the best growth stocks for 2023 here
.

When is PNM Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our PNM earnings forecast
.

How can I listen to PNM Resources' earnings call?

PNM Resources will be holding an earnings conference call on Friday, February 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) issued its quarterly earnings results on Thursday, February, 3rd. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.05. PNM Resources had a trailing twelve-month return on equity of 10.72% and a net margin of 8.03%.

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

PNM Resources announced a quarterly dividend on Friday, December 2nd. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.368 per share on Friday, February 17th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, February 2nd. This is an increase from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for PNM
.

Is PNM Resources a good dividend stock?

PNM Resources (NYSE:PNM) pays an annual dividend of $1.47 per share and currently has a dividend yield of 2.99%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 76.56%. 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 55.26% 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 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of $2.63-$2.68 for the period, compared to the consensus earnings per share estimate of $2.59. 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 a variety of retail and institutional investors. Top institutional shareholders include Segantii Capital Management Ltd (1.78%), Calamos Advisors LLC (0.72%), Bank of Montreal Can (0.41%), Retirement Systems of Alabama (0.29%), ProShare Advisors LLC (0.24%) and Swiss National Bank (0.23%).
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 $48.99.

How much money does PNM Resources make?

PNM Resources (NYSE:PNM) has a market capitalization of $4.20 billion and generates $1.78 billion in revenue each year. The utilities provider earns $196.36 million in net income (profit) each year or $1.92 on an earnings per share basis.

How many employees does PNM Resources have?

The company employs 1,600 workers across the globe.

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 2/8/2023 by MarketBeat.com Staff