PNM Resources/PNM

$35.84

-0.88%
-
1D1W1MYTD1YMAX

About PNM Resources

PNM Resources, Inc. is a holding company, which provides electric service to consumers in Texas-New Mexico Power Company’s (TNMP). service territories. The Company with its two regulated utilities serving approximately 824,000 residential, commercial, and industrial customers and end users of electricity in New Mexico and Texas. The Company’s electric utilities are Public Service Company of New Mexico (PNM), and TNMP. PNM is an electric utility, which provides electric generation, transmission, and distribution service to its rate-regulated customers. PNM’s retail electric service territory covers an area of north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico. Other services provided by PNM include wholesale transmission services to third parties. Other services provided by PNM include wholesale transmission services to third parties. TNMP provides transmission and distribution services in Texas.

Ticker

PNM

Sector

Utilities

Trading on

NYSE

Industry

Electric Utilities

CEO

Patricia Vincent-Collawn

Employees

1,600

Headquarters

Albuquerque, United States

PNM Resources Metrics

BasicAdvanced
$3.27B
Market cap
35.36
P/E ratio
$1.02
EPS
0.36
Beta
$1.47
Dividend rate
4.28%
Dividend yield
$3.27B
0.36415
$49.08
$34.63
1.17M
$1.47
0.386
0.307
180.417
203.752
147.56%
2.03%
1.1%
3.87%
1.24%
35.355
1.685
1.391
1.569
2.79%
4.06%
4.28%
-13.8%
-47.94%
8.39%
-22.11%
6.12%

What the Analysts think about PNM Resources

Analyst Ratings

Majority rating from 7 analysts.
Buy

Price Targets

Average projection from 7 analysts.
21.18% upside
High $55.00
Low $40.00
$35.84
Current price
$43.43
Average price target

PNM Resources Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-12.13% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$412.1M
-18.53%
Net income
$-50M
-232.28%
Profit margin
-12.13%
-262.38%

PNM Resources Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 22.66%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.55
$0.55
$1.54
$0.18
-
Expected
$0.44
$0.56
$1.38
$0.15
$0.45
Surprise
26.15%
-1.83%
11.74%
22.66%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for PNM Resources stock?

PNM Resources (PNM) has a market cap of $3.27B as of April 16, 2024.

What is the P/E ratio for PNM Resources stock?

The price to earnings (P/E) ratio for PNM Resources (PNM) stock is 35.36 as of April 16, 2024.

Does PNM Resources stock pay dividends?

Yes, the PNM Resources (PNM) stock pays dividends to shareholders. As of April 16, 2024, the dividend rate is $1.47 and the yield is 4.28%. PNM Resources has a payout ratio of 147.56% on a trailing twelve-month basis.

When is the next PNM Resources dividend payment date?

The next PNM Resources (PNM) dividend payment is scheduled for May 10, 2024.

What is the beta indicator for PNM Resources?

PNM Resources (PNM) has a beta rating of 0.36. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the PNM Resources stock price target?

The target price for PNM Resources (PNM) stock is $43.43, which is 21.18% above the current price of $35.84. This is an average based on projections from 7 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

Buy or sell PNM Resources stock

Buy or sell PNM Resources stock

Stocks, funds and up to 4.50% interest earned on uninvested cash. When you invest, your capital is at risk.
Start investing