PNM Resources - PNM Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PNM Resources in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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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4 brokerages have issued 1-year target prices for PNM Resources' shares. Their PNM share price forecasts range from $45.00 to $52.00. On average, they predict the company's share price to reach $49.00 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
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PNM Resources' stock was trading at $45.61 at the start of the year. Since then, PNM shares have increased by 5.9% and is now trading at $48.30.
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PNM Resources saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,830,000 shares, an increase of 37.6% from the June 30th total of 3,510,000 shares. Based on an average trading volume of 619,000 shares, the short-interest ratio is presently 7.8 days. Currently, 5.7% of the company's stock are sold short.
View PNM Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PNM earnings forecast.

PNM Resources, Inc. (NYSE:PNM) issued its earnings results on Thursday, August, 4th. The utilities provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The utilities provider earned $499.70 million during the quarter, compared to the consensus estimate of $445.36 million. PNM Resources had a trailing twelve-month return on equity of 10.41% and a net margin of 8.29%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS.

PNM Resources declared a quarterly dividend on Friday, August 5th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.347 per share on Wednesday, August 31st. This represents a $1.39 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, August 16th.
Read our dividend analysis for PNM.

PNM Resources (NYSE:PNM) pays an annual dividend of $1.39 per share and currently has a dividend yield of 2.86%. The dividend payout ratio is 76.37%. 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 52.06% 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 2023 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $2.60-$2.75 for the period. 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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (3.66%), Millennium Management LLC (2.25%), Segantii Capital Management Ltd (2.01%), Price T Rowe Associates Inc. MD (1.56%), Northern Trust Corp (1.52%) and Gamco Investors INC. ET AL (1.49%).
View institutional ownership trends.

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 $48.30.

PNM Resources (NYSE:PNM) has a market capitalization of $4.15 billion and generates $1.78 billion in revenue each year. The utilities provider earns $196.36 million in net income (profit) each year or $1.82 on an earnings per share basis.

The company employs 1,600 workers across the globe.

PNM Resources was founded in 1917.

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.