PNM Resources, Inc. (PNM)

NYSE: PNM · IEX Real-Time Price · USD
38.49
+0.01 (0.03%)
May 17, 2024, 4:00 PM EDT - Market closed
0.03%
Market Cap 3.47B
Revenue (ttm) 1.83B
Net Income (ttm) 79.47M
Shares Out 90.20M
EPS (ttm) 0.91
PE Ratio 42.30
Forward PE 13.62
Dividend $1.55 (4.03%)
Ex-Dividend Date Apr 25, 2024
Volume 239,507
Open 38.49
Previous Close 38.48
Day's Range 38.28 - 38.59
52-Week Range 34.63 - 46.94
Beta 0.36
Analysts Hold
Price Target 45.00 (+16.91%)
Earnings Date Apr 30, 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... [Read more]

Sector Utilities
Founded 1917
Employees 1,635
Stock Exchange NYSE
Ticker Symbol PNM
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for PNM stock is "Hold." The 12-month stock price forecast is $45.0, which is an increase of 16.91% from the latest price.

Price Target
$45.0
(16.91% upside)
Analyst Consensus: Hold
Stock Forecasts

News

PNM Resources Reports First Quarter 2024 Results

2024 Ongoing Earnings Guidance Affirmed 2024 first quarter GAAP earnings of $0.52 per diluted share 2024 first quarter ongoing earnings of $0.41 per diluted share Affirmed ongoing earnings guidance ra...

18 days ago - PRNewsWire

PNM Resources to Announce 2024 First Quarter Earnings on April 30

ALBUQUERQUE, N.M., April 4, 2024 /PRNewswire/ -- PNM Resources will announce first quarter 2024 financial results prior to the market opening on Tuesday, April 30, 2024.

6 weeks ago - PRNewsWire

PNM Resources Management to Meet with Investors

2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., March 20, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at ...

2 months ago - PRNewsWire

Public Service Company of New Mexico Declares Preferred Dividend

ALBUQUERQUE, N.M., March 11, 2024 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of ...

2 months ago - PRNewsWire

PNM Resources Management to Meet with Investors 2024 ongoing earnings guidance to be affirmed during meetings

ALBUQUERQUE, N.M., March 4, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at the Bank of America conference in New York City.

2 months ago - PRNewsWire

PNM Resources Board Declares Quarterly Common Stock Dividend

ALBUQUERQUE, N.M., March 1, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3875 per share on ...

2 months ago - PRNewsWire

PNM Resources Completes Sale of Renewable Joint Venture

ALBUQUERQUE, N.M. , Feb. 27, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) has completed the sale of its 50% ownership interest in its renewable joint venture, New Mexico Renewable Development, LLC (...

2 months ago - PRNewsWire

PNM Resources Reports 2023 Results and Introduces 2024 Earnings Guidance

Conference call at 11 a.m. Eastern today 2023 GAAP earnings of $1.02 per diluted share 2023 ongoing earnings of $2.82 per diluted share 2024 ongoing earnings guidance range of $2.65 - $2.75 per dilute...

3 months ago - PRNewsWire

Top 2 Utilities Stocks That Could Blast Off In January - Middlesex Water (NASDAQ:MSEX), PNM Resources (NYSE:PNM)

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Other symbols: MSEX
4 months ago - Benzinga

NMPRC Issues Decision in PNM Rate Review

ALBUQUERQUE, N.M. , Jan. 4, 2024 /PRNewswire/ -- The New Mexico Public Regulation Commission (NMPRC) issued an order in the application for a 2024 change in customer base rates by Public Service Compa...

4 months ago - PRNewsWire

PNM's stock drops in premarket after Iberdrola's Avangrid terminates $4.3B merger

PNM Resources Inc.'s stock PNM, -0.07% was down by 7.8% in premarket trading on Tuesday after Avangrid Inc. AGR, -1.10% said it would not complete a 2020 deal to buy PNM for $4.2 billion. Avangrid, wh...

Other symbols: AGR
4 months ago - Market Watch

Iberdrola's Avangrid terminates $8.3 bln deal to buy PNM Resources

Iberdrola's U.S. unit Avangrid Inc terminated its $8.3 billion deal, including debt, for rival PNM Resources as it could not get all necessary regulatory approvals to close by Dec. 31, the U.S. power ...

Other symbols: AGR
4 months ago - Reuters

PNM Resources Announces Avangrid Termination of Merger Agreement, Schedules Financial Update

ALBUQUERQUE, N.M. , Jan. 2, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) announces the termination of its merger agreement with Avangrid.

Other symbols: AGR
4 months ago - PRNewsWire

Avangrid Statement on PNM Resources, Inc. Merger

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced mer...

Other symbols: AGR
4 months ago - Business Wire

PNM Resources Announces Sale of Renewable Joint Venture

ALBUQUERQUE, N.M., Dec. 26, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) has entered into an agreement to sell its 50% ownership interest in its renewable joint venture, New Mexico Renewable Develop...

5 months ago - PRNewsWire

PNM Resources Increases Common Dividend 5.4%

PNM Resources and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M., Dec. 5, 2023 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today voted to in...

5 months ago - PRNewsWire

PNM Resources Reports Third Quarter 2023 Results

Q3 Weather Adjusts Expectations for 2023 Ongoing Earnings 2023 third quarter GAAP earnings of $0.44 per diluted share 2023 third quarter ongoing earnings of $1.54 per diluted share 2023 ongoing earnin...

7 months ago - PRNewsWire

PNM Resources to Announce 2023 Third Quarter Earnings on October 27

ALBUQUERQUE, N.M., Oct. 6, 2023 /PRNewswire/ -- PNM Resources will announce third quarter 2023 financial results prior to the market opening on Friday, October 27, 2023.

8 months ago - PRNewsWire

PNM unanimous settlement agreement for San Juan credits approved

ALBUQUERQUE, N.M., Sept. 21, 2023 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) approved the unanimous settlement agreement reached by Public Service Company of New Mexico ...

8 months ago - PRNewsWire

PNM and parties reach unanimous settlement agreement for customer rate credits to resolve remaining steps of San Juan coal plant retirement

Rate credits add to existing benefits of coal plant retirement under Energy Transition Act for customers, environment, employees and impacted communities ALBUQUERQUE, N.M., Aug. 18, 2023 /PRNewswire/ ...

9 months ago - PRNewsWire

PNM Resources Reports Second Quarter 2023 Results

2023 Ongoing Earnings Guidance Affirmed 2023 second quarter GAAP earnings of $0.53 per diluted share 2023 second quarter ongoing earnings of $0.55 per diluted share Affirmed ongoing earnings guidance ...

10 months ago - PRNewsWire

PNM Resources to Announce 2023 Second Quarter Earnings on August 4

ALBUQUERQUE, N.M., July 10, 2023 /PRNewswire/ -- PNM Resources will announce second quarter 2023 financial results prior to the market opening on Friday, August 4, 2023.

11 months ago - PRNewsWire

New Mexico Supreme Court upholds New Mexico Public Regulation Commission denial of PNM application for abandonment, securitization of Four Corners Coal Plant

ALBUQUERQUE, N.M., July 7, 2023 /PRNewswire/ -- The New Mexico Supreme Court (Court) issued a decision yesterday to uphold the New Mexico Public Regulation Commission (NMPRC) decision to deny the appl...

11 months ago - PRNewsWire

PNM Resources and Avangrid agree to merger extension

ALBUQUERQUE, N.M., June 20, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) and Avangrid have mutually agreed to an amendment and extension of their merger agreement through December 31, 2023.

11 months ago - PRNewsWire

New Mexico Supreme Court denies motion to dismiss and remand merger appeal, schedules oral argument

ALBUQUERQUE, N.M. , May 15, 2023 /PRNewswire/ -- The New Mexico Supreme Court (Court) issued a decision today to deny a joint motion filed by PNM Resources (NYSE: PNM), AVANGRID and the New Mexico Pub...

1 year ago - PRNewsWire