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

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

PNM Resources announced a quarterly dividend on Tuesday, July 23rd. Shareholders 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 annualized dividend and a yield of 2.27%. The ex-dividend date is Monday, August 5th. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) issued its quarterly earnings data on Friday, August, 2nd. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The utilities provider earned $330.23 million during 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 estimate of $2.09.

6 brokerages have issued 1 year target prices for PNM Resources' stock. Their forecasts range from $48.00 to $54.00. On average, they expect PNM Resources' stock price to reach $50.43 in the next twelve months. This suggests that the stock has a possible downside of 1.4%. 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 stories about PNM stock have trended positive on Wednesday, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PNM Resources earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for PNM Resources.

PNM Resources saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 958,600 shares, an increase of 18.4% from the June 30th total of 809,500 shares. Based on an average daily volume of 396,400 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the company's stock are short sold. View PNM Resources' Current Options Chain.

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

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 a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.79%), BlackRock Inc. (11.70%), Price T Rowe Associates Inc. MD (9.29%), Renaissance Technologies LLC (3.18%), Gabelli Funds LLC (3.14%) and Northern Trust Corp (2.76%). 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., Retirement Systems of Alabama, Gamco Investors INC. ET AL, Prudential Financial Inc. and AQR Capital Management 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 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, Balyasny Asset Management LLC and Dorsey Wright & Associates. 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, Scottrade, Fidelity and Charles Schwab.

One share of PNM stock can currently be purchased for approximately $51.16.

PNM Resources has a market capitalization of $4.07 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]