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 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, August 5th. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) released its earnings results on Friday, August, 2nd. The utilities provider reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. The utilities provider earned $330.23 million during the quarter. PNM Resources had a positive return on equity of 8.08% and a negative net margin of 1.69%. 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 updated its FY19 earnings guidance on Friday, August, 2nd. The company provided earnings per share guidance of $2.05-2.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09.

6 Wall Street analysts have issued 12 month price targets for PNM Resources' shares. Their forecasts range from $48.00 to $54.00. On average, they expect PNM Resources' share price to reach $51.20 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price. 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 negative on Thursday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PNM Resources earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for PNM Resources.

PNM Resources saw a decline in short interest in 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 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), CenterPoint Energy (CNP), CENTRAIS ELETRI/S (EBR.B), CENTRAIS ELETRI/S (EBR), Korea Electric Power (KEP), EDP-Energias de Portugal, S.A (EDPFY), Vistra Energy (VST), Pinnacle West Capital (PNW), Enel Americas (ENIA), NRG Energy (NRG), ENGIE BRASIL EN/S (EGIEY), OGE Energy (OGE), CPFL Energia (CPL) 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 institutional and retail 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 purchased 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 $50.72.

PNM Resources has a market capitalization of $4.04 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]