PNM Resources, Inc. (PNM)

Market Cap	3.30B
Revenue (ttm)	1.94B
Net Income (ttm)	87.29M
Shares Out	90.20M
EPS (ttm)	1.02
PE Ratio	35.89
Forward PE	13.37
Dividend	$1.55 (4.23%)
Ex-Dividend Date	Apr 25, 2024

Volume	835,771
Open	35.99
Previous Close	36.12
Day's Range	35.91 - 36.69
52-Week Range	34.63 - 49.07
Beta	0.36
Analysts	Hold
Price Target	45.00 (+22.92%)
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...

• 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 3 analysts, the average rating for PNM stock is "Hold." The 12-month stock price forecast is $45.0, which is an increase of 22.92% from the latest price.

Price Target

$45.0

(22.92% upside)

Analyst Consensus: Hold