PNM Resources, Inc. (PNM)
| Market Cap | 3.80B |
| Revenue (ttm) | 1.59B |
| Net Income (ttm) | 166.72M |
| Shares Out | 85.83M |
| EPS (ttm) | 2.27 |
| PE Ratio | 19.50 |
| Forward PE | 18.21 |
| Dividend | $1.31 (2.96%) |
| Ex-Dividend Date | Oct 29, 2021 |
| Volume | 134,884 |
| Open | 44.40 |
| Previous Close | 44.39 |
| Day's Range | 44.20 - 44.51 |
| 52-Week Range | 43.84 - 50.11 |
| Beta | 0.48 |
| Analysts | Hold |
| Price Target | 48.66 (+9.8%) |
| Earnings Date | Feb 3, 2022 |
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. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2020, this segment had owned or leased facilities with a total net generation capacity of 2,168 me...
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for PNM Resources stock is "Hold." The 12-month stock price forecast is 48.66, which is an increase of 9.79% from the latest price.
News
Merger Date of PNM Resources (PNM) & AVANGRID Gets Extended
The merger deal between PNM Resources (PNM) and AVANGRID (AGR) gets extended to April 2023 from fourth-quarter 2021 as the proposal was turned down by the New Mexico Public Regulation Commission.
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AVANGRID and PNM Resources Merger Agreement Extended; Companies File Notice of Appeal With New Mexico Supreme Court
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID and PNM Resources Merger Agreement Extended; Companies File Notice of Appeal With New Mexico Supreme Court
PNM Resources Merger Agreement Extended and Appeal Filed, Financial Update with Earnings Guidance Scheduled for Febru...
ALBUQUERQUE, N.M., Jan. 3, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) and Avangrid, Inc. have entered into an amendment of their merger agreement extending the end date to April 20, 2023.
PNM Resources (PNM) Benefits From Clean Energy Goals & CAPEX
PNM Resources' (PNM) focus on generating green energy and its planned investments are likely to fortify its operations further.
PNM vs. NEE: Which Stock Should Value Investors Buy Now?
PNM vs. NEE: Which Stock Is the Better Value Option?
PNM Appeals Rejection of Plan to Exit Four Corners Coal Plant
ALBUQUERQUE, N.M., Dec. 22, 2021 /PRNewswire/ -- Today, PNM filed a Notice of Appeal with the New Mexico Supreme Court of the decision earlier this month by the New Mexico Public Regulation Commission (...
New Mexico Public Regulation Commission Denies PNM Application for Abandonment, Securitization of Four Corners Coal P...
ALBUQUERQUE, N.M., Dec. 15, 2021 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) voted 5-0 to deny the application by Public Service Company of New Mexico (PNM), wholly-owned s...
PNM Resources (PNM) Adds Wind Capacity, Buys Western Spirit
A unit of PNM Resources (PNM) completes the acquisition of Western Spirit transmission line, which was signed in May 2019. This deal will enhance PNM's clean energy portfolio.
Down 9% in 4 Weeks, Here's Why PNM Resources (PNM) Looks Ripe for a Turnaround
PNM Resources (PNM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revisin...
PNM Completes Purchase of Western Spirit Transmission Line
ALBUQUERQUE, N.M., Dec. 13, 2021 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), has closed on its purchase of the Western Spirit ...
New Mexico Public Regulation Commission Rejects Agreement Reached with Parties in PNM / AVANGRID Merger
ALBUQUERQUE, N.M., Dec. 8, 2021 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) rejected the agreement reached by parties in the merger application involving PNM Resources, Inc...
Officials of 15 Organizations Voice Support for PNM and AVANGRID Merger
ALBUQUERQUE, N.M., Dec. 3, 2021 /PRNewswire/ -- Yesterday, PNM Resources (NYSE: PNM) and AVANGRID, Inc. (NYSE: AGR) answered open questions at a news conference about their proposed merger and addressed...
New Mexico Public Regulation Commission Discusses PNM / AVANGRID Merger
ALBUQUERQUE, N.M., Dec. 2, 2021 /PRNewswire/ -- Yesterday, the New Mexico Public Regulation Commission (NMPRC) began its consideration of the merger application involving PNM Resources, Inc. (NYSE: PNM)...
Hearing Examiner Issues Recommendation to Approve Abandonment, Securitization of Four Corners Power Plant
ALBUQUERQUE, N.M., Nov. 15, 2021 /PRNewswire/ -- On Friday, a Hearing Examiner of the New Mexico Public Regulation Commission (NMPRC) issued a recommendation for PNM Resources, Inc. (NYSE: PNM) wholly-o...
PNM Resources' (PNM) Q3 Earnings Fall Y/Y, Revenues Rise
PNM Resources' (PNM) Q3 earnings decline from the year-earlier figure. The company suspends its 2021 EPS guidance as it expects to close the Avangrid merger this year.
PNM Resources Reports Third Quarter Results
ALBUQUERQUE, N.M., Oct. 28, 2021 /PRNewswire/ -- 2021 third quarter GAAP earnings of $1.32 per diluted share 2021 third quarter ongoing earnings of $1.37 per diluted share reflects increased earnings co...
PNM Resources Board Declares Quarterly Common Stock Dividend
ALBUQUERQUE, N.M., Sept. 21, 2021 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3275 per share on t...
PNM Resources' (PNM) Clean Energy Goals & CAPEX Bode Well
PNM Resources' (PNM) focus on generating green energy and its planned investments are likely to fortify its operations further.
AVANGRID and PNM Resources Announce Additional Support for Merger
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID and PNM Resources announce additional support for merger.
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PNM Resources' (PNM) Q2 Earnings In Line Y/Y, Revenues Rise
PNM Resources' (PNM) Q2 earnings meet the year-earlier figure while its revenues improve year over year on the back of improvement in demand.
PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application
ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- On Thursday, Joint Applicants Public Service Company of New Mexico (PNM) and AVANGRID (NYSE: AGR).
PNM Resources Reports Second Quarter Results
ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- 2021 second quarter GAAP earnings of $0.62 per diluted share 2021 second quarter ongoing earnings of $0.55 per diluted share reflects increased earnings ...
TNMP Reaches Settlement for 98% Requested Recovery of Distribution Investments
ALBUQUERQUE, N.M., July 2, 2021 /PRNewswire/ -- Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), filed a settlement in its application to amend its...