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

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$41.95 -0.05 (-0.12 %)
(As of 01/22/2019 04:00 PM ET)
Previous Close$42.00
Today's Range$41.49 - $42.35
52-Week Range$33.75 - $45.35
Volume392,800 shs
Average Volume380,014 shs
Market Capitalization$3.34 billion
P/E Ratio21.62
Dividend Yield2.55%
Beta0.27
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, 2017, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,200 miles of electric transmission lines, 6,063 miles of distribution overhead lines, 5,828 miles of underground distribution lines, and 254 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, 2017, this segment owned 978 miles of overhead electric transmission lines, 7,111 miles of overhead distribution lines, 1,241 miles of underground distribution lines, and 116 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 773,000 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$1.45 billion
Cash Flow$5.3101 per share
Book Value$22.11 per share

Profitability

Net Income$80.40 million

Miscellaneous

Employees1,699
Market Cap$3.34 billion
OptionableOptionable

PNM Resources (NYSE:PNM) Frequently Asked Questions

What is PNM Resources' stock symbol?

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

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

PNM Resources declared a quarterly dividend on Friday, December 7th. Shareholders of record on Friday, February 1st will be paid a dividend of $0.29 per share on Friday, February 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, January 31st. This is an increase from PNM Resources's previous quarterly dividend of $0.27. View PNM Resources' Dividend History.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) released its earnings results on Tuesday, November, 6th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.04 by $0.04. The utilities provider had revenue of $422.67 million for the quarter, compared to analysts' expectations of $483.08 million. PNM Resources had a net margin of 6.08% and a return on equity of 9.25%. During the same quarter in the prior year, the firm posted $0.93 EPS. View PNM Resources' Earnings History.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for PNM Resources.

How can I listen to PNM Resources' earnings call?

PNM Resources will be holding an earnings conference call on Wednesday, February 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

PNM Resources updated its FY19 earnings guidance on Thursday, January, 10th. The company provided EPS guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.13. PNM Resources also updated its FY18 guidance to $1.95-1.98 EPS.

What price target have analysts set for PNM?

7 analysts have issued 1-year target prices for PNM Resources' shares. Their forecasts range from $36.00 to $42.00. On average, they expect PNM Resources' stock price to reach $38.6429 in the next twelve months. This suggests that the stock has a possible downside of 7.9%. View Analyst Price Targets for PNM Resources.

What is the consensus analysts' recommendation for PNM Resources?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 4 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for PNM Resources.

Has PNM Resources been receiving favorable news coverage?

News coverage about PNM stock has trended very positive on Tuesday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. 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 3.2 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are some of PNM Resources' key competitors?

Who are PNM Resources' key executives?

PNM Resources' management team includes the folowing people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 59)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 64)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 66)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 60)
  • Mr. Joseph Don Tarry, VP of Fin. & Corp. Controller (Age 48)

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (0.46%), Retirement Systems of Alabama (0.29%), Bank of Montreal Can (0.21%), James Investment Research Inc. (0.07%), Nisa Investment Advisors LLC (0.06%) and American Investment Services Inc. (0.03%). 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.

Which major investors are selling PNM Resources stock?

PNM stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Nisa Investment Advisors LLC, American Investment Services Inc., Louisiana State Employees Retirement System and First Hawaiian Bank. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Ronald N Darnell. View Insider Buying and Selling for PNM Resources.

Which major investors are buying PNM Resources stock?

PNM stock was bought by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Bank of Montreal Can, Virtu Financial LLC, Dubuque Bank & Trust Co. and Retirement Systems of Alabama. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $41.95.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $3.34 billion and generates $1.45 billion in revenue each year. The utilities provider earns $80.40 million in net income (profit) each year or $1.94 on an earnings per share basis. PNM Resources employs 1,699 workers across the globe.

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:  303 (Vote Outperform)
Underperform Votes:  363 (Vote Underperform)
Total Votes:  666
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 1/22/2019 by MarketBeat.com Staff

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