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

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

PNM Resources announced a quarterly dividend on Wednesday, September 19th. Shareholders of record on Friday, November 2nd will be paid a dividend of $0.265 per share on Friday, November 16th. This represents a $1.06 annualized dividend and a yield of 2.72%. View PNM Resources' Dividend History.

PNM Resources Inc (NYSE:PNM) issued its quarterly earnings results on Tuesday, July, 31st. The utilities provider reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.10. The utilities provider earned $352.30 million during the quarter, compared to analyst estimates of $362.10 million. PNM Resources had a net margin of 5.12% and a return on equity of 8.58%. PNM Resources's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. View PNM Resources' Earnings History.

PNM Resources is scheduled to release their next quarterly earnings announcement on Friday, October, 26th 2018. View Earnings Estimates for PNM Resources.

PNM Resources issued an update on its FY19 earnings guidance on Tuesday, July, 31st. The company provided earnings per share guidance of $2.08-$2.18 for the period, compared to the Thomson Reuters consensus estimate of $2.08. PNM Resources also updated its FY18 guidance to $1.91-$1.98 EPS.

8 brokers have issued 12-month target prices for PNM Resources' shares. Their forecasts range from $36.00 to $40.00. On average, they anticipate PNM Resources' share price to reach $37.5625 in the next twelve months. This suggests that the stock has a possible downside of 3.4%. View Analyst Price Targets for PNM Resources.

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

Some companies that are related to PNM Resources include CenterPoint Energy (CNP), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), NRG Energy (NRG), CENTRICA PLC/S (CPYYY), Huaneng Power International (HNP), Pinnacle West Capital (PNW), Enel Americas (ENIA), CHINA RESOURES/ADR (CRPJY), OGE Energy (OGE), Great Plains Energy (GXP), CPFL Energia (CPL), ENGIE BRASIL EN/S (EGIEY), Brookfield Renewable Partners (BEP) and Enel Generacion Chile (EOCC).

Media stories about PNM stock have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PNM Resources earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned news coverage about the utilities provider an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for PNM Resources.

PNM Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.65%), Renaissance Technologies LLC (2.89%), Gamco Investors INC. ET AL (2.80%), Northern Trust Corp (2.77%), Dimensional Fund Advisors LP (2.16%) and Victory Capital Management Inc. (1.51%). 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.

PNM stock was sold by a variety of institutional investors in the last quarter, including Covalis Capital LLP, Wells Fargo & Company MN, Bank of New York Mellon Corp, Bank of New York Mellon Corp, First Trust Advisors LP, Verition Fund Management LLC, Dupont Capital Management Corp and BlueMountain Capital Management LLC. Company insiders that have sold PNM Resources company stock in the last year include Charles N Eldred, Joseph Don Tarry and Ronald N Darnell. View Insider Buying and Selling for PNM Resources.

PNM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, BNP Paribas Arbitrage SA, Federated Investors Inc. PA, Caisse DE Depot ET Placement DU Quebec, Martingale Asset Management L P, Victory Capital Management Inc. and FMR LLC. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of PNM stock can currently be purchased for approximately $38.90.

PNM Resources has a market capitalization of $3.16 billion and generates $1.45 billion in revenue each year. The utilities provider earns $80.40 million in net income (profit) each year or $1.94 on an earnings per share basis. PNM Resources employs 1,699 workers across the globe.

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]