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 declared a quarterly dividend on Friday, July 27th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.265 per share on Friday, August 17th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, August 3rd. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) released its quarterly earnings data on Tuesday, July, 31st. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.10. The utilities provider had revenue of $352.30 million for the quarter, compared to the consensus estimate of $362.10 million. PNM Resources had a return on equity of 8.58% and a net margin of 5.12%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, October, 26th 2018. View Earnings Estimates for PNM Resources.

PNM Resources updated its FY19 earnings guidance on Tuesday, July, 31st. The company provided earnings per share (EPS) guidance of $2.08-$2.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.08. PNM Resources also updated its FY18 guidance to $1.91-$1.98 EPS.

11 Wall Street analysts have issued 1-year price targets for PNM Resources' stock. Their predictions range from $36.00 to $43.00. On average, they anticipate PNM Resources' stock price to reach $38.15 in the next year. This suggests that the stock has a possible downside of 6.2%. View Analyst Price Targets for PNM Resources.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 5 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

Some companies that are related to PNM Resources include CenterPoint Energy (CNP), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), CENTRICA PLC/S (CPYYY), NRG Energy (NRG), Huaneng Power International (HNP), Enel Americas (ENIA), Pinnacle West Capital (PNW), CHINA RESOURES/ADR (CRPJY), OGE Energy (OGE), Great Plains Energy (GXP), ENGIE BRASIL EN/S (EGIEY), Enel Generacion Chile (EOCC), Brookfield Renewable Partners (BEP) and CPFL Energia (CPL).

News stories about PNM stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PNM Resources earned a news impact score of 0.20 on Accern's scale. They also gave news articles about the utilities provider an impact score of 48.06 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for PNM Resources.

PNM Resources' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.65%), Renaissance Technologies LLC (2.89%), Gamco Investors INC. ET AL (2.80%), Dimensional Fund Advisors LP (2.16%), Victory Capital Management Inc. (1.51%) and Millennium Management LLC (1.34%). 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 Covalis Capital LLP, Wells Fargo & Company MN, Bank of New York Mellon Corp, First Trust Advisors LP, Verition Fund Management LLC, Dupont Capital Management Corp, BlueMountain Capital Management LLC and Cambiar Investors LLC. 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.

PNM stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, BNP Paribas Arbitrage SA, Federated Investors Inc. PA, Caisse DE Depot ET Placement DU Quebec, Martingale Asset Management L P, Victory Capital Management Inc. and FMR 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, Scottrade, Fidelity and Charles Schwab.

One share of PNM stock can currently be purchased for approximately $40.65.

PNM Resources has a market capitalization of $3.17 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.

PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102-3289. The utilities provider can be reached via phone at 505-241-2700 or via email at [email protected]