PNM Resources (PNM) Stock Price, News & Analysis

Company Overview

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 owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

Key Stats

• Today's Range: N/A
• 50-Day Range: $35.65 to $42.19
• 52-Week Range: N/A
• Volume: 512,300 shs
• Average Volume: 1.07 million shs
• Market Capitalization: $3.77 billion
• P/E Ratio: 45.90
• Dividend Yield: 3.67%
• Price Target: $42.50
• Consensus Rating: Moderate Buy

PNM Resources Stock Analysis - MarketRank™

PNM Resources scored higher than 76% of companies evaluated by MarketBeat, and ranked 46th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PNM Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

PNM Resources has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.68%

Earnings Growth

Earnings for PNM Resources are expected to grow by 3.68% in the coming year, from $2.72 to $2.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PNM Resources is 45.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of PNM Resources is 45.90, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.78.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PNM.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

PNM Resources is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

PNM Resources has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of PNM Resources is 170.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, PNM Resources will have a dividend payout ratio of 54.96% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -5.89

Short Interest

There is no current short interest data available for PNM.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 1.36% of the stock of PNM Resources is held by insiders.

Percentage Held by Institutions

91.68% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PNM Stock Analysis - Frequently Asked Questions

How were PNM Resources' earnings last quarter?

PNM Resources, Inc. (NYSE:PNM) issued its quarterly earnings data on Wednesday, July, 31st. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The firm's revenue was up 2.3% compared to the same quarter last year.

What other stocks do shareholders of PNM Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PNM Resources investors own include JPMorgan Chase & Co. (JPM), Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Visa (V) and Home Depot (HD).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:PNM
• CUSIP: 69349H10
• CIK: 1108426
• Web: www.pnmresources.com
• Phone: (505) 241-2700
• Fax: 505-241-4311
• Employees: 1,635
• Year Founded: 1917

Price Target and Rating

• Average Stock Price Target: $42.50
• High Stock Price Target: $46.00
• Low Stock Price Target: $38.00
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.91
• Trailing P/E Ratio: 45.90
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $88.35 million
• Net Margins: 4.50%
• Pretax Margin: 3.34%
• Return on Equity: 10.15%
• Return on Assets: 2.36%

Debt

• Debt-to-Equity Ratio: 1.81
• Current Ratio: 0.37
• Quick Ratio: 0.27

Sales & Book Value

• Annual Sales: $1.84 billion
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 6.37
• Book Value: $26.60 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 90,200,000
• Free Float: 88,973,000
• Market Cap: $3.77 billion
• Optionable: Optionable
• Beta: 0.35