NYSE:PNM - PNM Resources Stock Price, Forecast & News

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

PNM Resources declared a quarterly dividend on Friday, February 21st. Investors of record on Friday, May 1st will be given a dividend of $0.308 per share on Friday, May 15th. This represents a $1.23 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, April 30th. This is a positive change from PNM Resources's previous quarterly dividend of $0.31. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) issued its quarterly earnings results on Friday, November, 1st. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.04. The utilities provider earned $433.59 million during the quarter, compared to analyst estimates of $562.33 million. PNM Resources had a negative net margin of 0.64% and a positive return on equity of 9.18%. During the same period in the prior year, the company earned $1.08 earnings per share. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, February 28th 2020. View Earnings Estimates for PNM Resources.

PNM Resources will be holding an earnings conference call on Friday, February 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

PNM Resources issued an update on its FY 2020 After-Hours earnings guidance on Friday, January, 10th. The company provided earnings per share guidance of 2.16-2.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.20.

8 analysts have issued twelve-month price objectives for PNM Resources' stock. Their forecasts range from $50.00 to $56.00. On average, they anticipate PNM Resources' share price to reach $53.29 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price. View Analyst Price Targets for PNM Resources.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

News headlines about PNM stock have trended somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. PNM Resources earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for PNM Resources.

PNM Resources saw a drop in short interest in the month of February. As of February 14th, there was short interest totalling 3,720,000 shares, a drop of 7.5% from the January 30th total of 4,020,000 shares. Based on an average daily trading volume, of 521,600 shares, the days-to-cover ratio is presently 7.1 days. Currently, 4.7% of the company's stock are short sold. View PNM Resources' Current Options Chain.

Some companies that are related to PNM Resources include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), PPL (PPL), FirstEnergy (FE), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and Portland General Electric (POR).

Based on aggregate information from My MarketBeat watchlists, some companies that other PNM Resources investors own include PepsiCo (PEP), Costco Wholesale (COST), AbbVie (ABBV), Emerson Electric (EMR), Altria Group (MO), Comcast (CMCSA), Roku (ROKU), Kimberly Clark (KMB), Nucor (NUE) and Target (TGT).

PNM Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (3.52%), Renaissance Technologies LLC (3.37%), Gabelli Funds LLC (3.04%), Franklin Resources Inc. (2.51%), Alliancebernstein L.P. (2.50%) and Goldman Sachs Group Inc. (2.25%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry, Norman P Becker, Patrick V Apodaca and Ronald N Darnell. View Institutional Ownership Trends for PNM Resources.

PNM stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, AJO LP, Alliancebernstein L.P., Retirement Systems of Alabama, William Blair Investment Management LLC, Man Group plc, Principal Financial Group Inc. and Gabelli Funds LLC. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Patrick V Apodaca. View Insider Buying and Selling for PNM Resources.

PNM stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Jennison Associates LLC, State Street Corp, Bank of America Corp DE, Peregrine Capital Management LLC, California Public Employees Retirement System, UBS Group AG and Barclays PLC. View Insider Buying and Selling for 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.

One share of PNM stock can currently be purchased for approximately $49.55.

PNM Resources has a market capitalization of $3.95 billion and generates $1.44 billion in revenue each year. The utilities provider earns $86.17 million in net income (profit) each year or $2.00 on an earnings per share basis. PNM Resources employs 1,692 workers across the globe.View Additional Information About PNM Resources.

The official website for PNM Resources is http://www.pnmresources.com/.

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]