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NYSE:PNM - PNM Resources Stock Price, Forecast & News

$53.48
+0.04 (+0.07 %)
(As of 01/27/2020 09:38 AM ET)
Today's Range
$53.45
Now: $53.48
$53.85
50-Day Range
$48.73
MA: $50.37
$53.44
52-Week Range
$41.14
Now: $53.48
$53.46
Volume5,749 shs
Average Volume656,953 shs
Market Capitalization$4.26 billion
P/E RatioN/A
Dividend Yield2.17%
Beta0.16
PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. Read More…

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP69349H10
Phone505-241-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.44 billion
Cash Flow$5.47 per share
Book Value$22.00 per share

Profitability

Net Income$86.17 million

Miscellaneous

Employees1,692
Market Cap$4.26 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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PNM Resources (NYSE:PNM) Frequently Asked Questions

What is PNM Resources' stock symbol?

PNM Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNM."

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

PNM Resources declared a quarterly dividend on Tuesday, December 10th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.3075 per share on Friday, February 14th. This represents a $1.23 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from PNM Resources's previous quarterly dividend of $0.29. View PNM Resources' Dividend History.

How were PNM Resources' earnings last quarter?

PNM Resources Inc (NYSE:PNM) issued its earnings results on Friday, November, 1st. The utilities provider reported $1.29 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.04. The utilities provider had revenue of $433.59 million for the quarter, compared to analysts' expectations of $562.33 million. PNM Resources had a positive return on equity of 9.18% and a negative net margin of 0.64%. During the same period in the prior year, the firm earned $1.08 earnings per share. View PNM Resources' Earnings History.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for PNM Resources.

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

PNM Resources updated its FY 2020 After-Hours earnings guidance on Friday, January, 10th. The company provided EPS guidance of 2.16-2.26 for the period, compared to the Thomson Reuters consensus estimate of $2.20.

What price target have analysts set for PNM?

7 Wall Street analysts have issued twelve-month price targets for PNM Resources' shares. Their forecasts range from $50.00 to $56.00. On average, they expect PNM Resources' stock price to reach $53.00 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for PNM Resources.

What is the consensus analysts' recommendation for PNM Resources?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNM Resources.

Has PNM Resources been receiving favorable news coverage?

News headlines about PNM stock have trended somewhat negative on Monday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PNM Resources earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for PNM Resources.

Are investors shorting PNM Resources?

PNM Resources saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,230,000 shares, an increase of 21.8% from the December 31st total of 1,010,000 shares. Based on an average daily trading volume, of 434,800 shares, the short-interest ratio is currently 2.8 days. Approximately 1.6% of the company's shares are sold short. View PNM Resources' Current Options Chain.

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 PepsiCo (PEP), Costco Wholesale (COST), AbbVie (ABBV), Emerson Electric (EMR), Altria Group (MO), Comcast (CMCSA), Roku (ROKU), Kimberly Clark (KMB), Kohl's (KSS) and Nucor (NUE).

Who are PNM Resources' key executives?

PNM Resources' management team includes the folowing people:
  • Ms. Patricia K. Vincent-Collawn, Chairman, Pres & CEO (Age 60)
  • Mr. Charles N. Eldred MBA, Exec. VP & CFO (Age 65)
  • Mr. Patrick V. Apodaca, Sr. VP, Gen. Counsel & Sec. (Age 67)
  • Mr. Ronald N. Darnell, Sr. VP of Public Policy (Age 61)
  • Mr. Chris M. Olson, Sr. VP of Utility Operations (Age 61)

Who are PNM Resources' major shareholders?

PNM Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.22%), New York State Teachers Retirement System (0.20%), Smith Graham & Co. Investment Advisors LP (0.18%), James Investment Research Inc. (0.09%), Nisa Investment Advisors LLC (0.06%) and Arizona State Retirement System (0.06%). Company insiders that own PNM Resources stock include Charles N Eldred, Joseph Don Tarry, Norman P Becker, Patrick V Apodaca and Ronald N Darnell. 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 Strs Ohio, James Investment Research Inc., New York State Teachers Retirement System, Arizona State Retirement System, Smith Graham & Co. Investment Advisors LP, Nisa Investment Advisors LLC, Wedge Capital Management L L P NC and State of Alaska Department of Revenue. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Patrick V Apodaca. View Insider Buying and Selling for PNM Resources.

Which institutional investors are buying PNM Resources stock?

PNM stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Bowling Portfolio Management LLC, AdvisorShares Investments LLC, Assenagon Asset Management S.A., Sciencast Management LP, Huntington National Bank, Zurcher Kantonalbank Zurich Cantonalbank and 6 Meridian. View Insider Buying and Selling for PNM Resources.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is PNM Resources' stock price today?

One share of PNM stock can currently be purchased for approximately $53.48.

How big of a company is PNM Resources?

PNM Resources has a market capitalization of $4.26 billion and generates $1.44 billion in revenue each year. The utilities provider earns $86.17 million in net income (profit) each year or $2.00 on an earnings per share basis. PNM Resources employs 1,692 workers across the globe.View Additional Information About PNM Resources.

What is PNM Resources' official website?

The official website for PNM Resources is http://www.pnmresources.com/.

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]


MarketBeat Community Rating for PNM Resources (NYSE PNM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  372 (Vote Outperform)
Underperform Votes:  444 (Vote Underperform)
Total Votes:  816
MarketBeat's community ratings are surveys of what our community members think about PNM Resources and other stocks. Vote "Outperform" if you believe PNM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PNM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/27/2020 by MarketBeat.com Staff

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