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 announced a quarterly dividend on Tuesday, December 10th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.3075 per share on Friday, February 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from PNM Resources's previous quarterly dividend of $0.29. View PNM Resources' Dividend History.

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

PNM Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for PNM Resources.

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

7 brokers have issued twelve-month price targets for PNM Resources' shares. Their forecasts range from $50.00 to $56.00. On average, they expect PNM Resources' stock price to reach $53.00 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price. View Analyst Price Targets for PNM Resources.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

Headlines about PNM stock have trended somewhat positive on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of news 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 -5 to 5, 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 assigned press coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for PNM Resources.

PNM Resources saw a increase in short interest in December. As of December 31st, there was short interest totalling 1,230,000 shares, an increase of 21.8% from the December 15th total of 1,010,000 shares. Based on an average daily trading volume, of 421,500 shares, the short-interest ratio is presently 2.9 days. Currently, 1.6% of the shares of the stock are sold short. View PNM Resources' Current Options Chain.

Some companies that are related to PNM Resources include NextEra Energy (NEE), Southern (SO), Duke Energy (DUK), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), FirstEnergy (FE), PPL (PPL), 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), Kohl's (KSS) and Nucor (NUE).

PNM Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.22%), Smith Graham & Co. Investment Advisors LP (0.18%), Nisa Investment Advisors LLC (0.06%), Bowling Portfolio Management LLC (0.03%), AdvisorShares Investments LLC (0.02%) and Assenagon Asset Management S.A. (0.02%). 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 Smith Graham & Co. Investment Advisors LP, Nisa Investment Advisors LLC, Wedge Capital Management L L P NC and State of Alaska Department of Revenue. 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 Peregrine Capital Management LLC, Bowling Portfolio Management LLC, AdvisorShares Investments LLC, Assenagon Asset Management S.A., Sciencast Management LP, Huntington National Bank, Zurcher Kantonalbank Zurich Cantonalbank and 6 Meridian. 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 $52.89.

PNM Resources has a market capitalization of $4.21 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]