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PNM Resources, Inc. PNM

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Price alert · PNM

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41.77 +41.77 —

Day range unavailable

52-week range unavailable

Open
—
Prev close
0.00
Mkt cap
3.77B
Vol
0
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
3.85%
More statistics
Low
—
High
—
Forward P/E
14.86
Beta
0.36
Short ratio
3.97
Inst. own
95.70%
Dividend
1.55
Ex-div date
Jul 25, 2024
Earnings
Jul 31, 2024
50-d avg
38.64
200-d avg
38.51
1y target
44.71

2Y chart

Chart tools
Interval

Events in this range
  • Aug 16, 2022Dividend: 0.347
  • Sep 6, 2022Rating: Mizuho · — → Buy
  • Oct 19, 2022Downgrade: Wells Fargo · Overweight → Equal-Weight
  • Oct 26, 2022Dividend: 0.347
  • Feb 2, 2023Dividend: 0.368
  • Apr 27, 2023Dividend: 0.3675
  • May 5, 2023Earnings: —; estimate 0.39; surprise —%
  • Jun 21, 2023Rating: Citigroup · Neutral → Neutral
  • Aug 4, 2023Earnings: —; estimate 0.5; surprise —%
  • Aug 10, 2023Dividend: 0.3675
  • Sep 25, 2023Rating: Mizuho · Neutral → Buy
  • Oct 26, 2023Dividend: 0.3675
  • Oct 27, 2023Earnings: —; estimate 1.3; surprise —%
  • Feb 1, 2024Dividend: 0.3875
  • Feb 6, 2024Earnings: —; estimate 0.15; surprise —%
  • Apr 25, 2024Dividend: 0.3875
  • Apr 30, 2024Earnings: —; estimate 0.68; surprise —%
  • Jul 26, 2024Dividend: 0.3875
  • Jul 31, 2024Earnings: —; estimate 0.55; surprise —%
Signals (72)
NameDateAgo
RSI: OverboughtJul 22, 20242 years ago
SMA: BullishJul 17, 20242 years ago
RSI: OverboughtJul 17, 20242 years ago
SMA: BullishJul 11, 20242 years ago
MACD: Buy SignalJul 10, 20242 years ago
SMA: BearishJun 17, 20242 years ago
SMA: BullishJun 12, 20242 years ago
SMA: BearishJun 7, 20242 years ago
SMA: BullishMay 30, 20242 years ago
SMA: BearishMay 23, 20242 years ago
MACD: Sell SignalMay 23, 20242 years ago
SMA: BullishApr 29, 20242 years ago
MACD: Buy SignalApr 29, 20242 years ago
SMA: BearishApr 10, 20242 years ago
MACD: Sell SignalApr 10, 20242 years ago
SMA: BullishMar 27, 20242 years ago
MACD: Buy SignalMar 27, 20242 years ago
SMA: BearishMar 25, 20242 years ago
SMA: BullishMar 20, 20242 years ago
MACD: Sell SignalMar 14, 20242 years ago
SMA: BearishMar 13, 20242 years ago
SMA: BullishMar 7, 20242 years ago
RSI: OversoldFeb 2, 20242 years ago
MACD: Buy SignalJan 26, 20242 years ago
RSI: OversoldJan 2, 20242 years ago
MACD: Sell SignalDec 26, 20232 years ago
SMA: BearishDec 20, 20232 years ago
SMA: BullishDec 15, 20232 years ago
MACD: Buy SignalDec 4, 20232 years ago
MACD: Sell SignalNov 24, 20232 years ago
MACD: Buy SignalNov 15, 20232 years ago
RSI: OversoldNov 13, 20232 years ago
RSI: OversoldOct 31, 20233 years ago
MACD: Sell SignalOct 27, 20233 years ago
SMA: BearishOct 26, 20233 years ago
SMA: BullishOct 16, 20233 years ago
MACD: Buy SignalOct 16, 20233 years ago
SMA: BearishOct 2, 20233 years ago
MACD: Sell SignalOct 2, 20233 years ago
SMA: BullishSep 29, 20233 years ago
SMA: BearishSep 28, 20233 years ago
SMA: BullishSep 20, 20233 years ago
MACD: Buy SignalSep 19, 20233 years ago
MACD: Sell SignalSep 15, 20233 years ago
MACD: Buy SignalAug 18, 20233 years ago
RSI: OversoldAug 2, 20233 years ago
MACD: Sell SignalJul 27, 20233 years ago
MACD: Buy SignalJul 5, 20233 years ago
MACD: Sell SignalJun 22, 20233 years ago
MACD: Buy SignalJun 1, 20233 years ago
RSI: OversoldMay 15, 20233 years ago
RSI: OversoldMay 4, 20233 years ago
MACD: Sell SignalApr 26, 20233 years ago
SMA: BearishApr 20, 20233 years ago
SMA: BullishApr 18, 20233 years ago
MACD: Buy SignalApr 4, 20233 years ago
SMA: BearishMar 9, 20233 years ago
SMA: BullishMar 8, 20233 years ago
SMA: BearishFeb 27, 20233 years ago
MACD: Sell SignalJan 25, 20233 years ago
MACD: Buy SignalJan 17, 20233 years ago
RSI: OverboughtJan 17, 20233 years ago
RSI: OverboughtDec 12, 20223 years ago
MACD: Sell SignalDec 8, 20223 years ago
RSI: OverboughtDec 6, 20223 years ago
RSI: OverboughtNov 18, 20223 years ago
SMA: BullishNov 4, 20223 years ago
MACD: Buy SignalOct 12, 20224 years ago
MACD: Sell SignalOct 7, 20224 years ago
MACD: Buy SignalOct 5, 20224 years ago
RSI: OversoldSep 30, 20224 years ago
MACD: Sell SignalSep 26, 20224 years ago

Key statistics

Market cap
3.77B
Enterprise value
9.03B
Trailing P/E
46.41
Forward P/E
14.86
PEG ratio
3.94
Price / sales
2.04
Price / book
1.57
EPS (TTM)
0.90
Beta
0.36
Dividend yield
3.85%
Payout ratio
167.78%
Profit margin
4.49%
Revenue (TTM)
1.84B
Revenue growth
2.30%
Free cash flow
-636.13M
Total cash
3.23M
Total debt
5.34B
Return on equity
4.13%
Shares outstanding
90.20M
Short % of float
4.26%
50-day average
38.64
200-day average
38.51

Analyst view

Consensus: buy

Buy
Price target (mean) 44.71 +7.0% upside
Target (low)
38.00
Target (mean)
44.71
Target (high)
55.00
Ratings (0m) 10 2 buy · 4 hold · 4 sell
  • Strong buy1
  • Buy1
  • Hold4
  • Sell3
  • Strong sell1

Next earnings

Jul 31, 2024

Expected Jul 31, 2024. Consensus EPS estimate 1.43.

Earnings history

Financials — quick view

All financials
PNM Revenue — quarterly 436.88M
2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31
PNM Net income — quarterly 47.19M
2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31
PNM EPS — quarterly 0.52
2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31

Earnings

PNM recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Jul 31, 2024Jun 1, 20240.55———
Apr 30, 2024Mar 1, 20240.68———
Feb 6, 2024Dec 1, 20230.15———
Oct 27, 2023Sep 1, 20231.30———
Aug 4, 2023Jun 1, 20230.50———
May 5, 2023Mar 1, 20230.39———

Upgrades / downgrades

PNM analyst upgrades and downgrades
DateFirmActionFromTo
Sep 25, 2023MizuhoupNeutralBuy
Sep 17, 2023CitigroupmainNeutralNeutral
Jun 21, 2023CitigroupmainNeutralNeutral
Jan 8, 2023MizuhodownBuyNeutral
Oct 19, 2022Wells FargodownOverweightEqual-Weight
Sep 6, 2022Mizuhomain—Buy

About PNM Resources, Inc.

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.

Sector
Utilities
Industry
Utilities—Regulated Electric
Country
United States

News

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Insider holders

PNM insider holders
InsiderRelationLatest transactionDateShares held
BAILEY VICKY ADirectorStock Award(Grant)Jun 3, 202416,793
BECKER NORMAN PDirectorStock Award(Grant)Jun 3, 202427,678
COLLAWN PATRICIA KChief Executive OfficerConversion of Exercise of derivative securityMar 6, 2024707,077
CONLEY E RENAEDirectorStock Award(Grant)Jun 3, 202434,547
FOHRER ALAN J JRDirectorStock Award(Grant)Jun 3, 202437,975
GUTIERREZ SIDNEY MDirectorStock Award(Grant)Jun 3, 202426,711

Institution ownership

PNM institution ownership
Holder% heldSharesValueReported
Blackrock Inc.12.69%10,893,651491.30MJun 29, 2023
Vanguard Group Inc10.88%9,338,781421.18MJun 29, 2023
State Street Corporation3.69%3,166,036142.79MJun 29, 2023
PSquared Asset Management AG3.32%2,852,162128.63MJun 29, 2023
Magnetar Financial LLC2.30%1,978,23989.22MJun 29, 2023
Citadel Advisors Llc2.22%1,908,63586.08MJun 29, 2023

Fund ownership

PNM fund ownership
Holder% heldSharesValueReported
iShares Core S&P Midcap ETF3.13%2,684,510119.76MSep 29, 2023
Vanguard Total Stock Market Index Fund3.11%2,672,159120.51MJun 29, 2023
Vanguard Small-Cap Index Fund2.58%2,216,05399.94MJun 29, 2023
iShares Russell 2000 ETF2.27%1,949,89586.40MAug 30, 2023
Vanguard Small Cap Value Index Fund1.79%1,534,10469.19MJun 29, 2023
First Tr Exchange Traded Fd-First Tr Value Line Dividend Index1.73%1,487,62866.36MSep 29, 2023
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