PNM Resources Stock Forecast, Price & News

PNM Resources (NYSE:PNM) Frequently Asked Questions

Is PNM Resources a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating and 3 hold 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.

How has PNM Resources' stock been impacted by Coronavirus?

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PNM shares have increased by 8.7% and is now trading at $49.60.
View which stocks have been most impacted by COVID-19.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,600,000 shares, an increase of 25.9% from the October 31st total of 2,860,000 shares. Based on an average daily volume of 676,100 shares, the short-interest ratio is currently 5.3 days. Currently, 4.3% of the shares of the stock are short sold.
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, February 25th 2022.
View our earnings forecast for PNM Resources.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) posted its earnings results on Thursday, October, 28th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.17. The utilities provider earned $554.50 million during the quarter, compared to the consensus estimate of $754.53 million. PNM Resources had a trailing twelve-month return on equity of 9.65% and a net margin of 11.36%. The business's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS.
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 Thursday, September 23rd. Stockholders of record on Monday, November 1st will be given a dividend of $0.3275 per share on Friday, November 12th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, October 29th. This is an increase from PNM Resources's previous quarterly dividend of $0.33.
View PNM Resources' dividend history.

Is PNM Resources a good dividend stock?

PNM Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 2.64%. PNM Resources has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of PNM Resources is 58.22%. This payout ratio is at a healthy, sustainable level, below 75%.
View PNM Resources' dividend history.

What price target have analysts set for PNM?

4 brokers have issued 12-month price objectives for PNM Resources' stock. Their forecasts range from $50.00 to $50.00. On average, they expect PNM Resources' share price to reach $50.00 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts' price targets for PNM Resources or view top-rated stocks among Wall Street analysts.

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:

• Patricia K. Vincent-Collawn, Chairman, President & Chief Executive Officer
• Joseph D. Tarry, Chief Financial Officer & Senior Vice President
• Mike Mertz, Chief Information Officer & Vice President
• Patrick V. Apodaca, Secretary, Senior Vice President & General Counsel
• Elisabeth A Eden, Treasurer & Vice President

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.

Who are some of PNM Resources' key competitors?

Some companies that are related to PNM Resources include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), Eversource Energy (ES), Edison International (EIX), PPL (PPL), FirstEnergy (FE), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), Hawaiian Electric Industries (HE), ALLETE (ALE) and Array Technologies (ARRY).
View all of PNM's competitors.

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.66%), Millennium Management LLC (3.96%), Magnetar Financial LLC (3.32%), Gabelli Funds LLC (2.98%), Morgan Stanley (2.02%) and Citadel Advisors LLC (1.86%).
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 Franklin Resources Inc., Carlson Capital L P, Grantham Mayo Van Otterloo & Co. LLC, BlackRock Inc., Capstone Investment Advisors LLC, Versor Investments LP, Gabelli Funds LLC, and Arrowstreet Capital Limited Partnership.
View insider buying and selling activity for PNM Resources or view top insider-selling stocks.

Which major investors are buying PNM Resources stock?

PNM stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, UBS Group AG, Healthcare of Ontario Pension Plan Trust Fund, Citadel Advisors LLC, Westchester Capital Management LLC, Millennium Management LLC, Renaissance Technologies LLC, and Deutsche Bank AG.
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.
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What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $49.60.

How much money does PNM Resources make?

PNM Resources has a market capitalization of $4.26 billion and generates $1.52 billion in revenue each year. The utilities provider earns $173.30 million in net income (profit) each year or $2.25 on an earnings per share basis.

How many employees does PNM Resources have?

PNM Resources employs 1,708 workers across the globe.

When was PNM Resources founded?

PNM Resources was founded in 1917.

What is PNM Resources' official website?

The official website for PNM Resources is www.pnmresources.com.

Where are PNM Resources' headquarters?

PNM Resources is headquartered at 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102.

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, via email at [email protected], or via fax at 505-241-4311.