PNM Resources, Inc. (PNM)

Market Cap	3.59B
Revenue (ttm)	1.83B
Net Income (ttm)	79.47M
Shares Out	90.20M
EPS (ttm)	0.91
PE Ratio	43.70
Forward PE	13.97
Dividend	$1.55 (3.90%)
Ex-Dividend Date	Jul 26, 2024

Volume	245,447
Open	39.94
Previous Close	39.83
Day's Range	39.34 - 39.94
52-Week Range	34.63 - 45.86
Beta	0.36
Analysts	Hold
Price Target	43.25 (+8.75%)
Earnings Date	Jul 31, 2024

About PNM

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...

• Industry: Utilities - Regulated Electric
• Sector: Utilities
• Founded: 1917
• Employees: 1,635
• Stock Exchange: NYSE
• Ticker Symbol: PNM

Financial Performance

In 2023, PNM Resources's revenue was $1.94 billion, a decrease of -13.80% compared to the previous year's $2.25 billion. Earnings were $87.29 million, a decrease of -48.35%.

Analyst Forecast

According to 4 analysts, the average rating for PNM stock is "Hold." The 12-month stock price forecast is $43.25, which is an increase of 8.75% from the latest price.

Price Target

$43.25

(8.75% upside)

Analyst Consensus: Hold