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NYSE:PNM

PNM Resources (PNM) Stock Price, News & Analysis

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About PNM Resources Stock (NYSE:PNM)

Key Stats

Today's Range
N/A
50-Day Range
$35.65
$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

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.

PNM Resources Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
74th Percentile Overall Score

PNM MarketRank™: 

PNM Resources scored higher than 74% of companies evaluated by MarketBeat, and ranked 48th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about PNM Resources' stock forecast and price target.
  • 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 113.09.

  • 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 95.91.

  • Short Interest

    There is no current short interest data available for PNM.
  • 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.

  • Read more about PNM Resources' dividend.
  • Short Interest

    There is no current short interest data available for PNM.
    • 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.

    • Read more about PNM Resources' insider trading history.
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    PNM Stock News Headlines

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    PNM Stock Analysis - Frequently Asked Questions

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

    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
    12/25/2024
    Fiscal Year End
    12/31/2024

    Industry, Sector and Symbol

    Sector
    Utilities
    Industry
    Electric services
    Sub-Industry
    Electric Utilities
    CUSIP
    69349H10
    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

    Net Income
    $88.35 million
    Pretax Margin
    3.34%

    Debt

    Sales & Book Value

    Annual Sales
    $1.84 billion
    Book Value
    $26.60 per share

    Miscellaneous

    Free Float
    88,973,000
    Market Cap
    $3.77 billion
    Optionable
    Optionable
    Beta
    0.35

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    This page (NYSE:PNM) was last updated on 12/25/2024 by MarketBeat.com Staff
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