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NYSE:PNM

PNM Resources Stock Forecast, Price & News

$47.23
-0.45 (-0.94%)
(As of 06/27/2022 12:00 AM ET)
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Compare
Today's Range
$47.23
$47.90
50-Day Range
$44.33
$48.04
52-Week Range
$43.43
$50.11
Volume
656,435 shs
Average Volume
683,327 shs
Market Capitalization
$4.05 billion
P/E Ratio
20.90
Dividend Yield
2.92%
Price Target
$49.00
30 days | 90 days | 365 days | Advanced Chart

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PNM Stock Forecast (MarketRank)

Overall MarketRank

2.01 out of 5 stars

Utilities Sector

72nd out of 123 stocks

Electric Services Industry

32nd out of 58 stocks

Analyst Opinion: 1.1Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
PNM Resources logo

About PNM Resources (NYSE:PNM)

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services 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 engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.

PNM Stock News Headlines

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
69349H10
Employees
1,600
Year Founded
1917

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 5/13 Dividend
4/28/2022
Dividend Payable
5/13/2022
Today
6/27/2022
Next Earnings (Estimated)
7/29/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$196.36 million
Pretax Margin
13.09%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$4.79 per share
Book Value
$25.90 per share

Miscellaneous

Free Float
84,608,000
Market Cap
$4.05 billion
Optionable
Optionable
Beta
0.46

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PNM Resources Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNM Resources stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNM, but not buy additional shares or sell existing shares.
View analyst ratings for PNM Resources
or view top-rated stocks.

What is PNM Resources' stock price forecast for 2022?

4 Wall Street analysts have issued 1 year price objectives for PNM Resources' shares. Their PNM stock forecasts range from $45.00 to $52.00. On average, they expect PNM Resources' stock price to reach $49.00 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
View analysts' price targets for PNM Resources
or view top-rated stocks among Wall Street analysts.

How has PNM Resources' stock performed in 2022?

PNM Resources' stock was trading at $45.61 on January 1st, 2022. Since then, PNM stock has increased by 3.6% and is now trading at $47.23.
View the best growth stocks for 2022 here
.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest in May. As of May 15th, there was short interest totaling 5,120,000 shares, an increase of 38.4% from the April 30th total of 3,700,000 shares. Based on an average daily trading volume, of 659,200 shares, the short-interest ratio is currently 7.8 days. Approximately 6.1% of the company's shares are sold short.
View PNM Resources' Short Interest
.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its quarterly earnings results on Thursday, April, 28th. The utilities provider reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The utilities provider earned $444.12 million during the quarter, compared to the consensus estimate of $382.37 million. PNM Resources had a trailing twelve-month return on equity of 10.38% and a net margin of 10.68%. PNM Resources's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share.
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 Tuesday, March 1st. Shareholders of record on Friday, April 29th will be paid a dividend of $0.347 per share on Friday, May 13th. This represents a $1.39 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, April 28th.
View PNM Resources' dividend history
.

Is PNM Resources a good dividend stock?

PNM Resources(NYSE:PNM) pays an annual dividend of $1.39 per share and currently has a dividend yield of 2.92%. The dividend payout ratio of PNM Resources is 61.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM Resources will have a dividend payout ratio of 51.87% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.
View PNM Resources' dividend history.

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

PNM Resources updated its FY 2023 earnings guidance on Monday, June, 27th. The company provided EPS guidance of $2.60-$2.75 for the period, compared to the consensus estimate of $2.57. The company issued revenue guidance of -.

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Ms. Patricia K. Vincent-Collawn, Chairman & CEO (Age 63)
  • Mr. Joseph D. Tarry, Pres & COO (Age 52, Pay $871.89k)
  • Mr. Charles N. Eldred MBA, Exec. VP of Corp. Devel. & Fin. (Age 68, Pay $892.72k)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 64, Pay $741.67k)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 64, Pay $720.06k)
  • Ms. Elisabeth A. Eden, Sr. VP, CFO & Treasurer (Age 55)
  • Mr. Michael Patrick Mertz, VP & Chief Information Officer
  • Ms. Lisa Goodman, Director of Investor Relations
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 70)
  • Ms. Rebecca R. Teague, VP of HR

What is Patricia K. (Pat) Vincent-Collawn's approval rating as PNM Resources' CEO?

18 employees have rated PNM Resources CEO Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among PNM Resources' employees. This puts Patricia K. (Pat) Vincent-Collawn in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 AbbVie (ABBV), PepsiCo (PEP), Altria Group (MO), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), Abbott Laboratories (ABT), Emerson Electric (EMR), Target (TGT) and Colgate-Palmolive (CL).

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.95%), Vanguard Group Inc. (10.31%), State Street Corp (3.68%), Healthcare of Ontario Pension Plan Trust Fund (3.24%), Gabelli Funds LLC (2.50%) and Cohen & Steers Inc. (2.40%).
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 Renaissance Technologies LLC, JPMorgan Chase & Co., Gabelli Funds LLC, BlackRock Inc., Canada Pension Plan Investment Board, Dynamic Technology Lab Private Ltd, GABELLI & Co INVESTMENT ADVISERS INC., and Bank of Montreal Can.
View insider buying and selling activity for PNM Resources
or view top insider-selling stocks.

Which institutional investors are buying PNM Resources stock?

PNM stock was acquired by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Segantii Capital Management Ltd, Cohen & Steers Inc., American Century Companies Inc., State Street Corp, Neuberger Berman Group LLC, Jennison Associates LLC, and Bank of New York Mellon Corp.
View insider buying and selling activity for PNM Resources
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $47.23.

How much money does PNM Resources make?

PNM Resources (NYSE:PNM) has a market capitalization of $4.05 billion and generates $1.78 billion in revenue each year. The utilities provider earns $196.36 million in net income (profit) each year or $2.26 on an earnings per share basis.

How many employees does PNM Resources have?

PNM Resources employs 1,600 workers across the globe.

When was PNM Resources founded?

PNM Resources was founded in 1917.

How can I contact PNM Resources?

PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The official website for PNM Resources is www.pnmresources.com. The utilities provider can be reached via phone at (505) 241-2700, via email at [email protected], or via fax at 505-241-4311.

This page (NYSE:PNM) was last updated on 6/27/2022 by MarketBeat.com Staff

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