NYSE:PNM PNM Resources - PNM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding PNM Resources, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $49.15 +0.10 (+0.20%) (As of 02/8/2023 05:08 PM ET) Add Compare Share Share Today's Range$48.95▼$49.1550-Day Range$48.60▼$49.5152-Week Range$43.43▼$49.60Volume466,896 shsAverage Volume671,684 shsMarket Capitalization$4.22 billionP/E Ratio25.60Dividend Yield2.99%Price Target$49.15 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability PNM Resources MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/DownsideN/AShort InterestHealthy2.33% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.89Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth2.31%From $2.60 to $2.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.89 out of 5 starsUtilities Sector75th out of 85 stocksElectric Services Industry35th out of 40 stocks 1.0 Analyst's Opinion Consensus RatingPNM Resources has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoveragePNM Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.33% of the float of PNM Resources has been sold short.Short Interest Ratio / Days to CoverPNM Resources has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PNM Resources has recently decreased by 0.51%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldPNM Resources pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPNM Resources has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of PNM Resources is 76.56%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, PNM Resources will have a dividend payout ratio of 55.26% next year. This indicates that PNM Resources will be able to sustain or increase its dividend. Previous Next 1.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePNM Resources has received a -37.30% net impact score from Upright. The largest negative impact of Pnm Resources in category "GHG emissions" seems to be driven mostly by its "Electricity produced with coal", "Electricity produced with crude oil", and "Electricity distribution services of electricity produced with fossil fuels" products. See details.Environmental SustainabilityThe Environmental Impact score for PNM Resources is -5.89. Previous Next N/A News and Social Media Coverage Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PNM Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.43% of the stock of PNM Resources is held by insiders.Percentage Held by Institutions89.88% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PNM Resources are expected to grow by 2.31% in the coming year, from $2.60 to $2.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PNM Resources is 25.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.82.Price to Earnings Ratio vs. SectorThe P/E ratio of PNM Resources is 25.60, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.81.Price to Earnings Growth RatioPNM Resources has a PEG Ratio of 4.38. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPNM Resources has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PNM Resources (NYSE:PNM) StockPNM 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.Read More Receive PNM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PNM Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PNM Stock News HeadlinesJanuary 31, 2023 | americanbankingnews.comPNM Resources, Inc. (NYSE:PNM) Announces Quarterly Dividend of $0.37January 29, 2023 | finance.yahoo.comPNM Resources (NYSE:PNM) Is Increasing Its Dividend To $0.3675February 8, 2023 | Legacy Research (Affiliate) (Ad)Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapseThe One Ticker Retirement Plan How to make all the money you need – in any market – using a single stock.January 27, 2023 | finance.yahoo.comPNM Resources to Announce 2022 Earnings on February 24January 21, 2023 | finance.yahoo.comDoes PNM Resources, Inc. (NYSE:PNM) Create Value For Shareholders?January 11, 2023 | msn.comPNM Resources cut to Neutral at Mizuho on likelihood of Avangrid deal closeDecember 31, 2022 | finance.yahoo.comPNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3675December 22, 2022 | msn.comPNM, New Mexico Bowl donate $20,000 to local teachersFebruary 8, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,476%Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%...Boeing soared 4,238%...L3Harris shot up 1,628%...December 17, 2022 | finance.yahoo.comPNM Resources, Inc. (PNM) Stock Historical Prices & Data - Yahoo FinanceDecember 5, 2022 | finance.yahoo.comPNM Files for 2024 Rate ChangeDecember 3, 2022 | finance.yahoo.comPNM Resources Increases Common Dividend 5.8%December 2, 2022 | seekingalpha.comPNM Resources ticks higher after New Mexico regulator sends candidates to governorNovember 28, 2022 | msn.comPNM Resources Earnings Perspective: Return On Capital EmployedNovember 24, 2022 | seekingalpha.comPNM Resources: Resource Troubles, Uncertain Direction, And OvervaluationNovember 7, 2022 | finance.yahoo.comPNM Resources (PNM) Q3 Earnings Top Estimates,'22 View RaisedNovember 4, 2022 | seekingalpha.comPNM Resources, Inc. (PNM) Q3 2022 Earnings Call TranscriptNovember 4, 2022 | nasdaq.comPNM Resources Q3 Profit Rises, Tops Estimates; Lifts FY22 View Above Market; Backs FY23 ForecastNovember 4, 2022 | finance.yahoo.comPNM Resources Reports Third Quarter 2022 ResultsNovember 3, 2022 | msn.comPreview: PNM Resources's EarningsOctober 21, 2022 | msn.comPNM Resources's Ex-Dividend Date Is Wednesday, Here's What You Need To KnowOctober 20, 2022 | seekingalpha.comPNM Resources downgraded at Wells Fargo as `win-win' scenario disappearsOctober 11, 2022 | nasdaq.comUpcoming Dividend Run For PNM?September 30, 2022 | marketwatch.comPNM Resources Wraps Up Closure of Coal-Fired San Juan PlantSeptember 30, 2022 | finance.yahoo.comPNM Reaches Interim Carbon Reduction Goal with Closure of Coal-Fired San Juan Generating StationSeptember 29, 2022 | nasdaq.comPNM Resources Passes Through 3% Yield MarkSeptember 7, 2022 | msn.comPNM awards grants to nonprofits for energy-saving projectsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PNM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PNM Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PNM Company Calendar Last Earnings2/03/2022Ex-Dividend for 11/10 Dividend10/26/2022Dividend Payable11/10/2022Ex-Dividend for 2/17 Dividend2/02/2023Today2/08/2023Dividend Payable2/17/2023Next Earnings (Confirmed)2/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryElectric Utilities SectorUtilities Current SymbolNYSE:PNM CUSIP69349H10 CIK1108426 Webwww.pnmresources.com Phone(505) 241-2700Fax505-241-4311Employees1,600Year Founded1917Price Target and Rating Average Stock Price Forecast$49.15 High Stock Price Forecast$50.30 Low Stock Price Forecast$48.00 Forecasted Upside/Downside0.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.92 Trailing P/E Ratio25.60 Forward P/E Ratio18.90 P/E Growth4.38Net Income$196.36 million Net Margins8.03% Pretax Margin9.65% Return on Equity10.72% Return on Assets2.68% Debt Debt-to-Equity Ratio1.73 Current Ratio0.61 Quick Ratio0.52 Sales & Book Value Annual Sales$1.78 billion Price / Sales2.37 Cash Flow$4.83 per share Price / Cash Flow10.18 Book Value$25.90 per share Price / Book1.90Miscellaneous Outstanding Shares85,830,000Free Float84,608,000Market Cap$4.22 billion OptionableOptionable Beta0.43 Social Links Key ExecutivesPatricia K. Vincent-CollawnChairman & Chief Executive OfficerJoseph D. TarryPresident & Chief Operating OfficerElisabeth A EdenChief Financial Officer, Treasurer & Senior VPMike MertzChief Information Officer & Vice PresidentPatrick V. ApodacaSecretary, Senior Vice President & General CounselKey CompetitorsPortland General ElectricNYSE:PORHawaiian Electric IndustriesNYSE:HEIDACORPNYSE:IDAOtter TailNASDAQ:OTTROGE EnergyNYSE:OGEView All CompetitorsInsiders & InstitutionsSwiss National BankBought 3,500 shares on 2/8/2023Ownership: 0.229%Russell Investments Group Ltd.Sold 81,874 shares on 2/8/2023Ownership: 0.027%Arizona State Retirement SystemBought 850 shares on 2/8/2023Ownership: 0.027%LPL Financial LLCSold 631 shares on 2/7/2023Ownership: 0.006%Benjamin F. Edwards & Company Inc.Bought 322 shares on 2/7/2023Ownership: 0.003%View All Institutional Transactions PNM Stock - Frequently Asked Questions Should I buy or sell PNM Resources stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PNM shares. 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 PNM analyst ratings or view top-rated stocks. What is PNM Resources' stock price forecast for 2023? 2 brokers have issued 1-year price targets for PNM Resources' shares. Their PNM share price forecasts range from $48.00 to $50.30. On average, they expect the company's share price to reach $49.15 in the next year. This suggests a possible upside of 0.3% from the stock's current price. View analysts price targets for PNM or view top-rated stocks among Wall Street analysts. How have PNM shares performed in 2023? PNM Resources' stock was trading at $48.79 at the beginning of the year. Since then, PNM shares have increased by 0.4% and is now trading at $48.99. View the best growth stocks for 2023 here. When is PNM Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023. View our PNM earnings forecast. How can I listen to PNM Resources' earnings call? PNM Resources will be holding an earnings conference call on Friday, February 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were PNM Resources' earnings last quarter? PNM Resources, Inc. (NYSE:PNM) issued its quarterly earnings results on Thursday, February, 3rd. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.05. PNM Resources had a trailing twelve-month return on equity of 10.72% and a net margin of 8.03%. How often does PNM Resources pay dividends? What is the dividend yield for PNM Resources? PNM Resources announced a quarterly dividend on Friday, December 2nd. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.368 per share on Friday, February 17th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, February 2nd. This is an increase from the stock's previous quarterly dividend of $0.35. Read our dividend analysis for PNM. Is PNM Resources a good dividend stock? PNM Resources (NYSE:PNM) pays an annual dividend of $1.47 per share and currently has a dividend yield of 2.99%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 76.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNM will have a dividend payout ratio of 55.26% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PNM. What guidance has PNM Resources issued on next quarter's earnings? PNM Resources updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of $2.63-$2.68 for the period, compared to the consensus earnings per share estimate of $2.59. The company issued revenue guidance of -. What is Patricia K. (Pat) Vincent-Collawn's approval rating as PNM Resources' CEO? 18 employees have rated PNM Resources Chief Executive Officer Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among the company's 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 variety of retail and institutional investors. Top institutional shareholders include Segantii Capital Management Ltd (1.78%), Calamos Advisors LLC (0.72%), Bank of Montreal Can (0.41%), Retirement Systems of Alabama (0.29%), ProShare Advisors LLC (0.24%) and Swiss National Bank (0.23%). View institutional ownership trends. How do I buy shares of PNM Resources? Shares of PNM stock 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 $48.99. How much money does PNM Resources make? PNM Resources (NYSE:PNM) has a market capitalization of $4.20 billion and generates $1.78 billion in revenue each year. The utilities provider earns $196.36 million in net income (profit) each year or $1.92 on an earnings per share basis. How many employees does PNM Resources have? The company employs 1,600 workers across the globe. How can I contact PNM Resources? PNM Resources' mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The official website for the company is www.pnmresources.com. The utilities provider can be reached via phone at (505) 241-2700, via email at lisa.goodman@pnmresources.com, or via fax at 505-241-4311. This page (NYSE:PNM) was last updated on 2/8/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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