PNM Resources Stock Price, News & Analysis (NYSE:PNM)

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

PNM Resources declared a quarterly dividend on Tuesday, July 23rd. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.29 per share on Friday, August 16th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, August 5th. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) posted its earnings results on Friday, August, 2nd. The utilities provider reported $0.37 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.37. The utilities provider had revenue of $330.23 million for the quarter. PNM Resources had a negative net margin of 1.69% and a positive return on equity of 8.08%. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for PNM Resources.

PNM Resources issued an update on its FY19 earnings guidance on Friday, August, 2nd. The company provided EPS guidance of $2.05-2.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09.

6 analysts have issued 12 month price targets for PNM Resources' shares. Their forecasts range from $48.00 to $54.00. On average, they anticipate PNM Resources' share price to reach $51.20 in the next year. This suggests that the stock has a possible downside of 0.5%. View Analyst Price Targets for PNM Resources.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

News coverage about PNM stock has trended negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PNM Resources earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for PNM Resources.

PNM Resources saw a decline in short interest in the month of August. As of August 31st, there was short interest totalling 768,000 shares, a decline of 19.9% from the July 31st total of 958,600 shares. Based on an average daily trading volume, of 394,800 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.0% of the company's shares are short sold. View PNM Resources' Current Options Chain.

Some companies that are related to PNM Resources include Avangrid (AGR), SSE PLC/S (SSEZY), CENTRAIS ELETRI/S (EBR.B), CenterPoint Energy (CNP), CENTRAIS ELETRI/S (EBR), EDP-Energias de Portugal, S.A (EDPFY), Korea Electric Power (KEP), Vistra Energy (VST), Pinnacle West Capital (PNW), Enel Americas (ENIA), NRG Energy (NRG), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), OGE Energy (OGE) and Huaneng Power International Inc ADR Class N (HNP).

Based on aggregate information from My MarketBeat watchlists, some companies that other PNM Resources investors own include PepsiCo (PEP), Emerson Electric (EMR), Altria Group (MO), Malibu Boats (MBUU), Envision Healthcare (EVHC), Jagged Peak Energy (JAG), Oshkosh (OSK), GVC (GVC), Adobe (ADBE) and Avrobio (AVRO).

PNM Resources' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.79%), BlackRock Inc. (11.70%), BlackRock Inc. (11.70%), Price T Rowe Associates Inc. MD (9.29%), Renaissance Technologies LLC (3.18%) and Gabelli Funds LLC (3.14%). 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 Morgan Stanley, Gabelli Funds LLC, Victory Capital Management Inc., BlackRock Inc., BlackRock Inc., Retirement Systems of Alabama, Gamco Investors INC. ET AL and Prudential Financial Inc.. 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 bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Citadel Advisors LLC, Atria Investments LLC, Atria Investments LLC and Balyasny Asset Management LLC. 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 $51.47.

PNM Resources has a market capitalization of $4.10 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]