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NYSE:PNM

PNM Resources Stock Forecast, Price & News

$49.62
-0.15 (-0.30%)
(As of 11/26/2021 04:00 PM ET)
Add
Compare
Today's Range
$49.55
$49.88
50-Day Range
$47.65
$49.84
52-Week Range
$46.93
$50.11
Volume
356,011 shs
Average Volume
778,257 shs
Market Capitalization
$4.26 billion
P/E Ratio
22.05
Dividend Yield
2.63%
Beta
0.51
30 days | 90 days | 365 days | Advanced Chart
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PNM Resources logo

About PNM Resources

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

Headlines

PNM Resources, Avangrid accept merger modifications
November 13, 2021 |  seekingalpha.com
PNM Resources (NYSE:PNM) Shares Gap Down to $49.73
November 2, 2021 |  americanbankingnews.com
PNM Resources earnings: here's what to expect
October 29, 2021 |  markets.businessinsider.com
PNM Resources Q3 Ongoing Profit Rises
October 29, 2021 |  nasdaq.com
PNM Resources's Earnings Outlook
October 28, 2021 |  benzinga.com
Should I Buy PNM Resources, Inc. (PNM)?
October 18, 2021 |  finance.yahoo.com
PNM Resources' (PNM) Clean Energy Goals & CAPEX Bode Well
August 26, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
69349H10
Employees
1,708
Year Founded
1917

Sales & Book Value

Annual Sales
$1.52 billion
Cash Flow
$5.91 per share
Book Value
$25.65 per share

Profitability

Net Income
$173.30 million
Pretax Margin
14.12%

Debt

Price-To-Earnings

Miscellaneous

Free Float
84,642,000
Market Cap
$4.26 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Ex-Dividend
10/29/2021
Dividend Payable
11/12/2021
Today
11/26/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/25/2022

Social Links


MarketRank

Overall MarketRank

2.00 out of 5 stars

Utilities Sector

74th out of 122 stocks

Electric Services Industry

32nd out of 56 stocks

Analyst Opinion: 0.9Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -












PNM Resources (NYSE:PNM) Frequently Asked Questions

Is PNM Resources a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNM Resources stock. 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 analyst ratings for PNM Resources
or view top-rated stocks.

How has PNM Resources' stock been impacted by Coronavirus?

PNM Resources' stock was trading at $45.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PNM stock has increased by 8.7% and is now trading at $49.62.
View which stocks have been most impacted by COVID-19
.

Are investors shorting PNM Resources?

PNM Resources saw a decrease in short interest during the month of October. As of October 29th, there was short interest totaling 2,860,000 shares, a decrease of 36.2% from the October 14th total of 4,480,000 shares. Based on an average trading volume of 690,500 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.4% of the shares of the stock are sold short.
View PNM Resources' Short Interest
.

When is PNM Resources' next earnings date?

PNM Resources is scheduled to release its next quarterly earnings announcement on Friday, February 25th 2022.
View our earnings forecast for PNM Resources
.

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) announced its earnings results on Thursday, October, 28th. The utilities provider reported $1.37 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.20 by $0.17. The utilities provider earned $554.50 million during the quarter, compared to analyst estimates of $754.53 million. PNM Resources had a trailing twelve-month return on equity of 9.65% and a net margin of 11.36%. The company's revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS.
View PNM Resources' earnings history
.

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

PNM Resources announced a quarterly dividend on Thursday, September 23rd. Investors of record on Monday, November 1st will be paid a dividend of $0.3275 per share on Friday, November 12th. This represents a $1.31 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, October 29th. This is an increase from PNM Resources's previous quarterly dividend of $0.33.
View PNM Resources' dividend history
.

Is PNM Resources a good dividend stock?

PNM Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 2.63%. PNM Resources 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 of PNM Resources is 58.22%. This payout ratio is at a healthy, sustainable level, below 75%.
View PNM Resources' dividend history.

What price target have analysts set for PNM?

4 brokers have issued 1-year price targets for PNM Resources' stock. Their forecasts range from $50.00 to $50.00. On average, they expect PNM Resources' share price to reach $50.00 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts' price targets for PNM Resources
or view top-rated stocks among Wall Street analysts.

Who are PNM Resources' key executives?

PNM Resources' management team includes the following people:
  • Patricia K. Vincent-Collawn, Chairman, President & Chief Executive Officer
  • Joseph D. Tarry, Chief Financial Officer & Senior Vice President
  • Mike Mertz, Chief Information Officer & Vice President
  • Patrick V. Apodaca, Secretary, Senior Vice President & General Counsel
  • Elisabeth A Eden, Treasurer & Vice President

What is Patricia K. (Pat) Vincent-Collawn's approval rating as PNM Resources' CEO?

18 employees have rated PNM Resources CEO Patricia K. (Pat) Vincent-Collawn on Glassdoor.com. Patricia K. (Pat) Vincent-Collawn has an approval rating of 45% among PNM Resources' 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. (11.66%), Millennium Management LLC (3.96%), Magnetar Financial LLC (3.32%), Gabelli Funds LLC (2.98%), Morgan Stanley (2.02%) and Citadel Advisors LLC (1.86%).
View institutional ownership trends for PNM Resources
.

Which major investors are selling PNM Resources stock?

PNM stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Carlson Capital L P, Grantham Mayo Van Otterloo & Co. LLC, BlackRock Inc., Capstone Investment Advisors LLC, Versor Investments LP, Gabelli Funds LLC, and Arrowstreet Capital Limited Partnership.
View insider buying and selling activity for PNM Resources
or view top insider-selling stocks.

Which major investors are buying PNM Resources stock?

PNM stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, UBS Group AG, Healthcare of Ontario Pension Plan Trust Fund, Citadel Advisors LLC, Westchester Capital Management LLC, Millennium Management LLC, Renaissance Technologies LLC, and Deutsche Bank AG.
View insider buying and selling activity for PNM Resources
or or view top insider-buying stocks.

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 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 $49.62.

How much money does PNM Resources make?

PNM Resources has a market capitalization of $4.26 billion and generates $1.52 billion in revenue each year. The utilities provider earns $173.30 million in net income (profit) each year or $2.25 on an earnings per share basis.

How many employees does PNM Resources have?

PNM Resources employs 1,708 workers across the globe.

When was PNM Resources founded?

PNM Resources was founded in 1917.

What is PNM Resources' official website?

The official website for PNM Resources is www.pnmresources.com.

Where are PNM Resources' headquarters?

PNM Resources is headquartered at 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102.

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, via email at [email protected], or via fax at 505-241-4311.


This page was last updated on 11/26/2021 by MarketBeat.com Staff

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