NYSE:PNM

PNM Resources Stock Forecast, Price & News

$49.41
-0.11 (-0.22 %)
(As of 09/17/2021 04:00 PM ET)
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Today's Range
$49.39
$49.60
50-Day Range
$47.55
$49.83
52-Week Range
$39.00
$50.25
Volume2.13 million shs
Average Volume828,285 shs
Market Capitalization$4.24 billion
P/E Ratio20.17
Dividend Yield2.65%
Beta0.53
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PNM Resources logo

About PNM Resources

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

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MarketRank

Overall MarketRank

1.67 out of 5 stars

Utilities Sector

84th out of 122 stocks

Electric Services Industry

38th out of 54 stocks

Analyst Opinion: 0.9Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
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PNM Resources (NYSE:PNM) Frequently Asked Questions

Is PNM Resources a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 sell ratings and 6 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.

What stocks does MarketBeat like better than PNM Resources?

Wall Street analysts have given PNM Resources a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PNM Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,350,000 shares, an increase of 37.3% from the August 15th total of 2,440,000 shares. Based on an average daily volume of 615,100 shares, the short-interest ratio is presently 5.4 days. Approximately 4.0% 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, October 29th 2021.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) released its earnings results on Friday, July, 30th. The utilities provider reported $0.55 EPS for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.09. The utilities provider had revenue of $426.54 million for the quarter, compared to the consensus estimate of $345.08 million. PNM Resources had a net margin of 12.46% and a trailing twelve-month return on equity of 9.79%. The firm's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 earnings per share.
View PNM Resources' earnings history
.

How has PNM Resources' stock been impacted by Coronavirus (COVID-19)?

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PNM stock has increased by 8.2% and is now trading at $49.41.
View which stocks have been most impacted by COVID-19
.

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

PNM Resources declared a quarterly dividend on Tuesday, July 27th. Investors of record on Friday, August 6th will be given a dividend of $0.327 per share on Friday, August 13th. This represents a $1.31 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, August 5th.
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 2.65%. The dividend payout ratio of PNM Resources is 57.46%. This payout ratio is at a healthy, sustainable level, below 75%.
View PNM Resources' dividend history.

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

PNM Resources updated its FY 2021 earnings guidance on Friday, August, 6th. The company provided earnings per share guidance of $2.270-$2.370 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.320. The company issued revenue guidance of -.

What price target have analysts set for PNM?

8 equities research analysts have issued 12 month price objectives for PNM Resources' shares. Their forecasts range from $50.00 to $52.00. On average, they expect PNM Resources' share price to reach $50.75 in the next year. This suggests a possible upside of 2.7% 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?

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.94%), Vanguard Group Inc. (10.13%), Millennium Management LLC (3.35%), Magnetar Financial LLC (3.25%), Gabelli Funds LLC (3.10%) and State Street Corp (3.06%).
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 Wells Fargo & Company MN, Healthcare of Ontario Pension Plan Trust Fund, Citigroup Inc., Magnetar Financial LLC, Gamco Investors INC. ET AL, Goldman Sachs Group Inc., Franklin Resources Inc., and Royal Bank of Canada.
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 purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Melqart Asset Management UK Ltd, Westchester Capital Management LLC, Millennium Management LLC, Carlson Capital L P, Deutsche Bank AG, Weiss Multi Strategy Advisers LLC, and Grantham Mayo Van Otterloo & Co. LLC.
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 $49.41.

How much money does PNM Resources make?

PNM Resources has a market capitalization of $4.24 billion and generates $1.52 billion in revenue each year. The utilities provider earns $173.30 million in net income (profit) each year or $2.28 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 or via email at [email protected]


This page was last updated on 9/17/2021 by MarketBeat.com Staff
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