PNM Resources - PNM Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research 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.
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2 brokerages have issued 1-year target prices 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 0.2% from the stock's current price.
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PNM Resources' stock was trading at $48.79 at the start of the year. Since then, PNM stock has increased by 0.6% and is now trading at $49.07.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our PNM earnings forecast.

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.

PNM Resources, Inc. (NYSE:PNM) posted its earnings results on Thursday, February, 3rd. The utilities provider reported $0.21 EPS for the quarter, beating 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%.

PNM Resources declared 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 yield of 3.00%. The ex-dividend date of this dividend is Thursday, February 2nd. This is a boost from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for PNM.

PNM Resources (NYSE:PNM) pays an annual dividend of $1.47 per share and currently has a dividend yield of 3.00%. 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.

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 EPS estimate of $2.59. The company issued revenue guidance of -.

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.

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).

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

PNM Resources' stock is owned by a number of institutional and retail 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 Tokio Marine Asset Management Co. Ltd. (0.23%).
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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.
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One share of PNM stock can currently be purchased for approximately $49.07.

PNM Resources (NYSE:PNM) has a market capitalization of $4.21 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.

The company employs 1,600 workers across the globe.

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.