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NYSE:PNM

PNM Resources - PNM Stock Forecast, Price & News

$48.75
+0.03 (+0.06%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$48.50
$48.80
50-Day Range
$45.71
$48.76
52-Week Range
$43.43
$49.70
Volume
634,038 shs
Average Volume
659,970 shs
Market Capitalization
$4.18 billion
P/E Ratio
25.39
Dividend Yield
2.85%
Price Target
$47.00

PNM Resources MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.6% Downside
$47.00 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.89
Upright™ Environmental Score
News Sentiment
-0.42mentions of PNM Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Utilities Sector

73rd out of 86 stocks

Electric Services Industry

35th out of 41 stocks

PNM stock logo

About PNM Resources (NYSE:PNM) Stock

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.

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PNM Stock News Headlines

Analyzing Heliogen (NYSE:HLGN) & PNM Resources (NYSE:PNM)
PNM Resources (NYSE:PNM) Releases FY 2023 Earnings Guidance
PNM Resources Reports Third Quarter 2022 Results
Preview: PNM Resources's Earnings
Upcoming Dividend Run For PNM?
PNM Resources Passes Through 3% Yield Mark
PNM Aug 2022 50.000 call
PNM Resources: Dividend Insights
PNM Resources Reports Second Quarter 2022 Results
See More Headlines
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PNM Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$47.00
High Stock Price Forecast
$51.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
-3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$196.36 million
Pretax Margin
9.65%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$4.83 per share
Book Value
$25.90 per share

Miscellaneous

Free Float
84,608,000
Market Cap
$4.18 billion
Optionable
Optionable
Beta
0.41

Social Links


Key Executives

  • Ms. Patricia K. Vincent-Collawn (Age 63)
    Chairman & CEO
  • Mr. Joseph D. Tarry (Age 52)
    Pres & COO
    Comp: $871.89k
  • Mr. Ronald N. Darnell (Age 64)
    Sr. VP of Public Policy
    Comp: $741.67k
  • Ms. Elisabeth A. Eden (Age 55)
    Sr. VP, CFO & Treasurer
  • Mr. Michael Patrick Mertz
    VP & Chief Information Officer
  • Ms. Lisa Goodman
    Director of Investor Relations
  • Mr. Patrick V. Apodaca (Age 70)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Rebecca R. Teague
    VP of HR
  • Mr. Henry E. Monroy
    VP of Regulatory & Corp. Controller













PNM Stock - Frequently Asked Questions

Should I buy or sell PNM Resources stock right now?

3 Wall Street 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 1 buy rating 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?

3 brokerages have issued 12 month price targets for PNM Resources' stock. Their PNM share price forecasts range from $45.00 to $51.00. On average, they predict the company's share price to reach $47.00 in the next year. This suggests that the stock has a possible downside of 3.6%.
View analysts price targets for PNM
or view top-rated stocks among Wall Street analysts.

How have PNM shares performed in 2022?

PNM Resources' stock was trading at $45.61 on January 1st, 2022. Since then, PNM shares have increased by 6.9% and is now trading at $48.75.
View the best growth stocks for 2022 here
.

When is PNM Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our PNM earnings forecast
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its quarterly earnings data on Thursday, February, 3rd. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.05. PNM Resources had a net margin of 8.03% and a trailing twelve-month return on equity of 10.72%.

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

PNM Resources declared a quarterly dividend on Friday, September 16th. Shareholders of record on Thursday, October 27th will be paid a dividend of $0.347 per share on Thursday, November 10th. This represents a $1.39 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, October 26th.
Read our dividend analysis for PNM
.

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 2.85%. The company 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 is 72.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM will have a dividend payout ratio of 52.26% 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 EPS guidance of $2.63-$2.68 for the period, compared to the consensus EPS 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.36%), Vanguard Group Inc. (10.54%), State Street Corp (3.69%), Cohen & Steers Inc. (2.46%), Gabelli Funds LLC (2.09%) and Dimensional Fund Advisors LP (1.71%).
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 $48.75.

How much money does PNM Resources make?

PNM Resources (NYSE:PNM) has a market capitalization of $4.18 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 11/29/2022 by MarketBeat.com Staff