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NYSE:PNM

PNM Resources Stock Forecast, Price & News

$48.72
+0.02 (+0.04 %)
(As of 01/26/2021 09:51 AM ET)
Add
Compare
Today's Range
$48.68
Now: $48.72
$48.75
50-Day Range
$48.20
MA: $48.74
$49.16
52-Week Range
$27.08
Now: $48.72
$56.14
Volume4,302 shs
Average Volume926,594 shs
Market Capitalization$4.18 billion
P/E Ratio19.89
Dividend Yield2.53%
Beta0.51
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved 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, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 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, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
PNM Resources logo

MarketRank

Overall MarketRank

1.87 out of 5 stars

Utilities Sector

51st out of 273 stocks

Electric Services Industry

23rd out of 78 stocks

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP69349H10
Phone505-241-2700
Employees1,668
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$5.96 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Market Cap$4.18 billion
Next Earnings Date2/26/2021 (Estimated)
OptionableOptionable
$48.72
+0.02 (+0.04 %)
(As of 01/26/2021 09:51 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PNM Resources (NYSE:PNM) Frequently Asked Questions

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. Since then, PNM stock has increased by 6.7% and is now trading at $48.70.
View which stocks have been most impacted by COVID-19
.

Is PNM Resources a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 sell ratings, 5 hold ratings and 2 buy 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than PNM Resources?

Wall Street analysts have given PNM Resources a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PNM Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, February 26th 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, October, 30th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.29 by $0.11. The utilities provider had revenue of $472.50 million for the quarter, compared to analyst estimates of $522.07 million. PNM Resources had a trailing twelve-month return on equity of 11.03% and a net margin of 12.49%. PNM Resources's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS.
View PNM Resources' earnings history
.

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

PNM Resources declared a quarterly dividend on Friday, December 4th. Shareholders of record on Wednesday, February 3rd will be given a dividend of $0.327 per share on Tuesday, February 16th. This represents a $1.31 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, February 2nd. This is a boost from PNM Resources's previous quarterly dividend of $0.31.
View PNM Resources' dividend history
.

Is PNM Resources a good dividend stock?

PNM Resources pays an annual dividend of $1.23 per share and currently has a dividend yield of 2.53%. PNM Resources does not yet have a strock track record of dividend growth. The dividend payout ratio of PNM Resources is 56.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM Resources will have a dividend payout ratio of 53.95% 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 FY21 earnings guidance on Thursday, December, 17th. The company provided EPS guidance of $2.27-2.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34.

What price target have analysts set for PNM?

9 equities research analysts have issued 12 month target prices for PNM Resources' stock. Their forecasts range from $43.00 to $55.00. On average, they expect PNM Resources' stock price to reach $49.50 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
View analysts' price targets for PNM Resources
or view Wall Street analyst' top-rated stocks.

Are investors shorting PNM Resources?

PNM Resources saw a decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,330,000 shares, a decline of 36.7% from the December 15th total of 5,260,000 shares. Based on an average trading volume of 1,870,000 shares, the short-interest ratio is currently 1.8 days.
View PNM Resources' Short Interest
.

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).

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 61)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 68, Pay $696.74k)
  • Mr. Charles N. Eldred MBA, Exec. VP of Corp. Devel. & Fin. (Age 66, Pay $1.89M)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 62, Pay $635.06k)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 62, Pay $602.65k)
  • Mr. Joseph D. Tarry, CFO & Sr. VP (Age 50)
  • Ms. Elisabeth A. Eden, Chief Information Officer & VP (Age 53)
  • Ms. Lisa Goodman, Director of Investor Relations
  • Ms. Rebecca R. Teague, VP of HR
  • Mr. Michael Patrick Mertz, VP & Treasurer

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 Smith Graham & Co. Investment Advisors LP (0.17%), New York State Teachers Retirement System (0.14%), Nisa Investment Advisors LLC (0.06%), State of Alaska Department of Revenue (0.02%), Pacer Advisors Inc. (0.01%) and Strs Ohio (0.01%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry and Patrick V Apodaca.
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 New York State Teachers Retirement System, Pacer Advisors Inc., Smith Graham & Co. Investment Advisors LP, Strs Ohio, and State of Alaska Department of Revenue.
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 XTX Markets LLC, and Nisa Investment Advisors LLC.
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.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $48.70.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $4.18 billion and generates $1.46 billion in revenue each year. The utilities provider earns $77.89 million in net income (profit) each year or $2.16 on an earnings per share basis. PNM Resources employs 1,668 workers across the globe.

What is PNM Resources' official website?

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

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 1/26/2021 by MarketBeat.com Staff

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