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

$39.60
+0.81 (+2.09 %)
(As of 03/29/2020 02:45 AM ET)
Today's Range
$36.79
Now: $39.60
$41.15
50-Day Range
$29.93
MA: $47.35
$55.79
52-Week Range
$27.08
Now: $39.60
$56.14
Volume647,270 shs
Average Volume1.03 million shs
Market Capitalization$3.15 billion
P/E Ratio41.25
Dividend Yield3.17%
Beta0.38
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.
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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP69349H10
Phone505-241-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$6.07 per share
Book Value$21.87 per share

Profitability

Net Income$77.89 million

Miscellaneous

Employees1,668
Market Cap$3.15 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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PNM Resources (NYSE:PNM) Frequently Asked Questions

How has PNM Resources' stock been impacted by COVID-19 (Coronavirus)?

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 shares have decreased by 13.3% and is now trading at $39.60. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PNM Resources?

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

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for PNM Resources.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) released its quarterly earnings results on Friday, February, 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The utilities provider earned $408.32 million during the quarter, compared to the consensus estimate of $471.49 million. PNM Resources had a return on equity of 9.68% and a net margin of 5.11%. During the same period last year, the firm earned $0.18 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, 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 dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, April 30th. This is a positive change from PNM Resources's previous quarterly dividend of $0.31. View PNM Resources' dividend history.

What guidance has PNM Resources issued on next quarter's earnings?

PNM Resources updated its FY20 earnings guidance on Friday, February, 28th. The company provided earnings per share guidance of $2.16-2.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.22.

What price target have analysts set for PNM?

7 equities research analysts have issued 1 year price objectives for PNM Resources' stock. Their forecasts range from $40.00 to $56.00. On average, they anticipate PNM Resources' stock price to reach $51.71 in the next year. This suggests a possible upside of 30.6% from the stock's current price. View analysts' price targets for PNM Resources.

Has PNM Resources been receiving favorable news coverage?

News coverage about PNM stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PNM Resources earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutPNM Resources.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,485,800 shares, an increase of 17.1% from the February 27th total of 3,830,000 shares. Based on an average trading volume of 609,000 shares, the short-interest ratio is presently 7.4 days. Currently, 5.7% of the company's shares are short sold. View PNM Resources' Current Options Chain.

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 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).

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 60)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 65)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 67)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 61)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 61)

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 State Street Corp (3.52%), Renaissance Technologies LLC (3.37%), Gabelli Funds LLC (3.04%), Franklin Resources Inc. (2.51%), Franklin Resources Inc. (2.51%) and Alliancebernstein L.P. (2.50%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry, Norman P Becker and Patrick V Apodaca. View institutional ownership trends for PNM Resources.

Which institutional investors are selling PNM Resources stock?

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. View insider buying and selling activity for PNM Resources.

Which institutional investors are buying PNM Resources stock?

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 activity for PNM Resources.

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 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 $39.60.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.15 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. View additional information about PNM Resources.

What is PNM Resources' official website?

The official website for PNM Resources is http://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]


MarketBeat Community Rating for PNM Resources (NYSE PNM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  382 (Vote Outperform)
Underperform Votes:  457 (Vote Underperform)
Total Votes:  839
MarketBeat's community ratings are surveys of what our community members think about PNM Resources and other stocks. Vote "Outperform" if you believe PNM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PNM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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