NYSE:PNM

PNM Resources - PNM Stock Forecast, Price & News

$48.75

+0.03 (+0.06%)

(As of 11/29/2022 12:00 AM ET)

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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: -0.42
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

1.0

Analyst's Opinion

Consensus Rating
PNM Resources has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $47.00, PNM Resources has a forecasted downside of 3.6% from its current price of $48.75.
Amount of Analyst Coverage
PNM Resources has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.99% of the float of PNM Resources has been sold short.
Short Interest Ratio / Days to Cover
PNM Resources has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PNM Resources has recently decreased by 3.07%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Yield
PNM Resources pays a meaningful dividend of 2.85%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
PNM Resources has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of PNM Resources is 72.40%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PNM Resources will have a dividend payout ratio of 52.26% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PNM 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 Sustainability
The Environmental Impact score for PNM Resources is -5.89.

0.9

News and Social Media Coverage

News Sentiment
PNM Resources has a news sentiment score of -0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.35 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for PNM Resources this week, compared to 2 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PNM Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.43% of the stock of PNM Resources is held by insiders.
Percentage Held by Institutions
91.18% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for PNM Resources are expected to remain at $2.66 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of PNM Resources is 25.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of PNM Resources is 25.39, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 129.81.
Price to Earnings Growth Ratio
PNM Resources has a PEG Ratio of 4.35. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PNM Resources has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

November 28, 2022 | msn.com

PNM Resources Earnings Perspective: Return On Capital Employed

November 28, 2022 | americanbankingnews.com

Analyzing Heliogen (NYSE:HLGN) & PNM Resources (NYSE:PNM)

November 24, 2022 | seekingalpha.com

PNM Resources: Resource Troubles, Uncertain Direction, And Overvaluation

November 21, 2022 | americanbankingnews.com

PNM Resources (NYSE:PNM) Releases FY 2023 Earnings Guidance

November 7, 2022 | finance.yahoo.com

PNM Resources (PNM) Q3 Earnings Top Estimates,'22 View Raised

November 4, 2022 | seekingalpha.com

PNM Resources, Inc. (PNM) Q3 2022 Earnings Call Transcript

November 4, 2022 | nasdaq.com

PNM Resources Q3 Profit Rises, Tops Estimates; Lifts FY22 View Above Market; Backs FY23 Forecast

November 4, 2022 | finance.yahoo.com

PNM Resources Reports Third Quarter 2022 Results

November 3, 2022 | msn.com

Preview: PNM Resources's Earnings

October 21, 2022 | msn.com

PNM Resources's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

October 20, 2022 | seekingalpha.com

PNM Resources downgraded at Wells Fargo as `win-win' scenario disappears

October 11, 2022 | nasdaq.com

Upcoming Dividend Run For PNM?

September 30, 2022 | marketwatch.com

PNM Resources Wraps Up Closure of Coal-Fired San Juan Plant

September 30, 2022 | finance.yahoo.com

PNM Reaches Interim Carbon Reduction Goal with Closure of Coal-Fired San Juan Generating Station

September 29, 2022 | nasdaq.com

PNM Resources Passes Through 3% Yield Mark

September 7, 2022 | msn.com

PNM awards grants to nonprofits for energy-saving projects

August 19, 2022 | finance.yahoo.com

PNM Aug 2022 50.000 call

August 13, 2022 | msn.com

PNM employee renders aid to car crash victim

August 11, 2022 | msn.com

Coal Plants Are Being Kept Online To Prevent Blackouts As Green Transition Falters

August 11, 2022 | msn.com

PNM Resources: Dividend Insights

August 9, 2022 | seekingalpha.com

PNM Resources, Inc. 2022 Q2 - Results - Earnings Call Presentation

August 7, 2022 | seekingalpha.com

PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | seekingalpha.com

PNM Resources Non-GAAP EPS of $0.57 beats by $0.04, revenue of $499.73M beats by $54.37M, affirms FY earning guidance

August 4, 2022 | finance.yahoo.com

PNM Resources Reports Second Quarter 2022 Results

August 2, 2022 | finance.yahoo.com

American States Water (AWR) Q2 Earnings & Sales Lag Estimates

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30 days | 90 days | 365 days | Advanced Chart

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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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: Electric Utilities
Sector: Utilities
Current Symbol: NYSE:PNM
CUSIP: 69349H10
CIK: 1108426
Web: www.pnmresources.com
Phone: (505) 241-2700
Fax: 505-241-4311
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

EPS (Most Recent Fiscal Year): $1.92
Trailing P/E Ratio: 25.39
Forward P/E Ratio: 18.33
P/E Growth: 4.35
Net Income: $196.36 million
Net Margins: 8.03%
Pretax Margin: 9.65%
Return on Equity: 10.72%
Return on Assets: 2.68%

Debt

Debt-to-Equity Ratio: 1.73
Current Ratio: 0.61
Quick Ratio: 0.52

Sales & Book Value

Annual Sales: $1.78 billion
Price / Sales: 2.35
Cash Flow: $4.83 per share
Price / Cash Flow: 10.10
Book Value: $25.90 per share
Price / Book: 1.88

Miscellaneous

Outstanding Shares: 85,835,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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

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