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PNM Resources, Inc. (PNM)

Stock Price: $47.99 USD 0.57 (1.20%)
Updated Mar 8, 2021 4:00 PM EST - Market closed
Market Cap 4.12B
Revenue (ttm) 1.52B
Net Income (ttm) 172.25M
Shares Out 79.65M
EPS (ttm) 2.15
PE Ratio 22.32
Forward PE 20.75
Dividend $1.25
Dividend Yield 2.60%
Trading Day March 8
Last Price $47.99
Previous Close $47.42
Change ($) 0.57
Change (%) 1.20%
Day's Open 47.48
Day's Range 47.40 - 48.36
Day's Volume 1,677,108
52-Week Range 26.35 - 49.66

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Zacks Investment Research - 1 week ago

PNM Resources' (PNM) 2020 earnings and revenues surpass estimates. Its merger with AVANGRID is on course and is likely to conclude by second half of 2021.

PRNewsWire - 1 week ago

ALBUQUERQUE, N.M., Feb. 26, 2021 /PRNewswire/ -- 2020 GAAP earnings of $2.15 per diluted share 2020 Ongoing earnings per share of $2.28 in line with expectations Affirmed 2021 Ongoing earnings...

PRNewsWire - 3 weeks ago

ALBUQUERQUE, N.M., Feb. 15, 2021 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2020 fourth quarter and year-end financial results prior to the market opening on Friday, February 26, ...

PRNewsWire - 3 weeks ago

ALBUQUERQUE, N.M., Feb. 12, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) shareholders voted overwhelmingly to approve the merger agreement with AVANGRID, Inc. at a special shareholders...

Business Wire - 1 month ago

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID received clearance from CFIUS at the conclusion of the initial review period related to the proposed merger combination with PNM Resources.

Other stocks mentioned: AGR
Seeking Alpha - 1 month ago

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. An average increase of 5.26% and a median increase of 5.71%.

Other stocks mentioned: EBTC, SRCE
Business Wire - 1 month ago

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID confirmed today that the applicable waiting period under the HSR Act has expired for the proposed merger combination with PNM Resources.

Other stocks mentioned: AGR
PRNewsWire - 2 months ago

NEW YORK, Jan. 7, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: PNM Resources, Inc. (NYSE: PNM) concerning po...

Zacks Investment Research - 2 months ago

PNM Resources' (PNM) planned infrastructure-related investments along with its focus on generating clean energy are expected to fortify its existing operations.

PRNewsWire - 2 months ago

NEW YORK, Dec. 30, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: PNM Resources, Inc. (NYSE: PNM) concerning p...

GlobeNewsWire - 2 months ago

WILMINGTON, Del., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating PNM Resources, Inc. (“PNM”) (NYSE: PNM) regarding possible breaches of fiduciary d...

Zacks Investment Research - 2 months ago

PNM Resources (PNM) expects 2021 earnings to be $2.27-$2.37 per share, with the Zacks Consensus Estimate being pegged at the lower end. Also, it affirms its 2020 earnings guidance.

PRNewsWire - 2 months ago

ALBUQUERQUE, N.M., Dec. 17, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) management announces its 2021 ongoing earnings guidance of $2.27 to $2.37 per diluted share and affirms its 2020 ongo...

Forbes - 2 months ago

The mainstream crowd has gotten way too greedy—which means we could be in the teeth of a stock-market selloff within weeks.

Other stocks mentioned: ES, EXC
Zacks Investment Research - 3 months ago

Backed by a strong operational efficiency, PNM Resources (PNM) raises its annual dividend by 6.5%, totaling the annual dividend to $1.31 per share.

PRNewsWire - 3 months ago

ALBUQUERQUE, N.M., Dec. 4, 2020 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today unanimously voted to increase the company's annual dividend payment by $0.08, a 6.5 pe...

PRNewsWire - 3 months ago

ALBUQUERQUE, N.M., Dec. 4, 2020 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) has been named to Newsweek's 2021 list of America's Most Responsible Companies highlighting companies for perfor...

PRNewsWire - 3 months ago

NEW YORK, Dec. 4, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: PNM Resources, Inc. (NYSE: PNM) concerning potential violations of th...

Zacks Investment Research - 3 months ago

PNM Resources' (PNM) robust liquidity, strategic plans and northbound earnings estimates make it a lucrative choice at the moment.

Zacks Investment Research - 3 months ago

PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?

Seeking Alpha - 3 months ago

PNM Resources and Avangrid have announced their intention to merge in an all-cash transaction. Since the announcement, PNM's stock has traded at a discount of 2% or better compared to its prop...

PRNewsWire - 3 months ago

SAN DIEGO, Nov. 11, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of PNM Resources ("PNM" or the "Company") ...

PRNewsWire - 3 months ago

ALBUQUERQUE, N.M., Nov. 9, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors virtually at the Edison Electric Institute Financial Conference begin...

PRNewsWire - 4 months ago

NEW YORK, Nov. 2, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PNM Resources, Inc. ("PNM" or ...

PRNewsWire - 4 months ago

ALBUQUERQUE, N.M., Nov. 2, 2020 /PRNewswire/ -- PNM, the wholly owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), today announces that it has reached an agreement to facilitate...

Seeking Alpha - 4 months ago

PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q3 2020 Results - Earnings Call Transcript

Seeking Alpha - 4 months ago

PNM Resources, Inc.'s (PNM) CEO Pat Vincent-Collawn On Q3 2020 Results - Quick Version Earnings Call Transcript

Zacks Investment Research - 4 months ago

PNM Resources' (PNM) third-quarter earnings are better than expected and its merger with AVANGRID will create a strong renewable energy focused company.

Zacks Investment Research - 4 months ago

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes?

Benzinga - 4 months ago

  Shares of PNM Resources (NYSE:PNM) were unchanged after the company reported Q3 results.

PRNewsWire - 4 months ago

ALBUQUERQUE, N.M., Oct. 30, 2020 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q3 2020 Q3 2019 YTD 2020 YTD 2019 GAAP net earnings attributable to PNM Resources $121.8 $102.8 $164.0 ...

PRNewsWire - 4 months ago

NEW YORK, Oct. 28, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in Ne...

Zacks Investment Research - 4 months ago

Utility stocks like MYR Group Inc. (MYRG), PNM Resources Inc. (PNM), Exelon Corp. (EXC), Chesapeake Utilities Corp. (CPK), Eversource Energy (ES) and Pinnacle West Capital Corp. (PNW) have sur...

Other stocks mentioned: CPK, ES, EXC, MYRG, PNW
Zacks Investment Research - 4 months ago

PNM Resources (PNM) enters into an agreement to be fully owned by AVANGRID for $4.3 billion with an aim to expand its renewables business alongside providing affordable energy.

Other stocks mentioned: AGR
PRNewsWire - 4 months ago

NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating: PNM Resources, Inc. (NYSE: PNM) concerning potential violations of the federal se...

Newsfile Corp - 4 months ago

New York, New York--(Newsfile Corp. - October 21, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased PNM Resources, Inc. (NYSE: ...

The Motley Fool - 4 months ago

The electric-utility holding company is being acquired by the U.S. arm of Spanish utility Iberdrola.

Other stocks mentioned: AGR
Invezz - 4 months ago

Shares of Avangrid (NYSE: AGR) fell about 8% on Wednesday after the subsidiary of the Spanish electric utility giant Iberdrola (BMV: IBEN) agreed to acquire PNM Resources (NYSE: PNM) for $8.3 ...

Other stocks mentioned: AGR
Business Wire - 4 months ago

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of PNM Resources, Inc. (NYSE: PNM) to Avangrid, Inc. for $50.30 in cash per sh...

PRNewsWire - 4 months ago

ALBUQUERQUE, N.M., Oct. 21, 2020 /PRNewswire/ -- Transaction merges two strategically aligned, premier companies to create a large, diversified national regulated utility and renewable energy ...

Other stocks mentioned: AGR
Business Wire - 4 months ago

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR--AVANGRID (NYSE: AGR) and PNM Resources (NYSE: PNM) announced today their respective boards have approved the merger of PNM Resources into AVANGRID.

Other stocks mentioned: AGR
PRNewsWire - 4 months ago

ALBUQUERQUE, N.M., Oct. 15, 2020 /PRNewswire/ -- Public Service Company of New Mexico (PNM), the wholly-owned New Mexico utility subsidiary of PNM Resources, Inc. (NYSE: PNM), today joins the ...

Zacks Investment Research - 4 months ago

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes?

PRNewsWire - 5 months ago

ALBUQUERQUE, N.M., Oct. 1, 2020 /PRNewswire/ -- Public Service Company of New Mexico (PNM), the wholly-owned regulated New Mexico subsidiary of PNM Resources (NYSE: PNM) is announcing addition...

PRNewsWire - 5 months ago

ALBUQUERQUE, N.M., Sept. 28, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) is building upon its industry-leading ESG goal for 100% emissions-free energy by 2040 with plans for additional emis...

PRNewsWire - 5 months ago

ALBUQUERQUE, N.M., Sept. 22, 2020 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3075 per ...

Zacks Investment Research - 5 months ago

PNM Resources' (PNM) significant infrastructure-related investments and its focus on generating clean energy are likely to fortify its existing operations.

PRNewsWire - 5 months ago

ALBUQUERQUE, N.M., Sept. 18, 2020 /PRNewswire/ -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of $1.145 per share on the 4...

Zacks Investment Research - 5 months ago

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes?

Zacks Investment Research - 6 months ago

PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?

About PNM

PNM Resources, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved 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, 2018, this segment had owned or leased facilities with a total net generation cap... [Read more...]

Industry
Utilities-Regulated Electric
Founded
1917
CEO
Patricia Collawn
Employees
1,708
Stock Exchange
NYSE
Ticker Symbol
PNM
Full Company Profile

Financial Performance

In 2020, PNM Resources's revenue was $1.52 billion, an increase of 4.49% compared to the previous year's $1.46 billion. Earnings were $172.78 million, an increase of 123.33%.

Financial Statements

Analyst Forecasts

According to 9 analysts, the average rating for PNM Resources stock is "Hold." The 12-month stock price forecast is 49.93, which is an increase of 4.04% from the latest price.

Price Target
$49.93
(4.04% upside)
Analyst Consensus: Hold