PNM Resources, Inc. (PNM)

NYSE: PNM · IEX Real-Time Price · USD
48.63
+0.17 (0.35%)
Mar 24, 2023, 4:00 PM EDT - Market closed
0.35%
Market Cap 4.17B
Revenue (ttm) 2.25B
Net Income (ttm) 169.00M
Shares Out 85.83M
EPS (ttm) 1.97
PE Ratio 24.69
Forward PE 18.18
Dividend $1.41 (2.90%)
Ex-Dividend Date Feb 2, 2023
Volume 363,167
Open 48.56
Previous Close 48.46
Day's Range 48.38 - 48.75
52-Week Range 43.43 - 49.60
Beta 0.40
Analysts Buy
Price Target 51.41 (+5.72%)
Earnings Date Apr 26, 2023

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 generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of... [Read more]

Sector Utilities
Founded 1917
Employees 1,646
Stock Exchange NYSE
Ticker Symbol PNM
Full Company Profile

Financial Performance

In 2022, PNM Resources's revenue was $2.25 billion, an increase of 26.39% compared to the previous year's $1.78 billion. Earnings were $169.00 million, a decrease of -13.47%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for PNM stock is "Buy." The 12-month stock price forecast is $51.41, which is an increase of 5.72% from the latest price.

Price Target
$51.41
(5.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Public Service Company of New Mexico Declares Preferred Dividend

ALBUQUERQUE, N.M. , March 8, 2023 /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 weeks ago - PRNewsWire

PNM Resources and AVANGRID file joint motion with New Mexico Public Regulation Commission to dismiss merger appeal, resolve through rehearing and reconsideration

ALBUQUERQUE, N.M. , March 8, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) and Avangrid, Inc. have filed a joint motion, together with the New Mexico Public Regulation Commission (NMPRC), in the Join...

2 weeks ago - PRNewsWire

PNM Resources Board Declares Quarterly Common Stock Dividend

ALBUQUERQUE, N.M. , Feb. 28, 2023 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3675 per share on...

3 weeks ago - PRNewsWire

PNM Resources Management to Meet with Investors

2023 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M. , Feb. 28, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week in ...

3 weeks ago - PRNewsWire

PNM Resources (PNM) Q4 Earnings Decline Y/Y, Revenues Rise

PNM Resources (PNM) reports fourth-quarter earnings to be lower than the year-ago period. Revenues increase year over year.

1 month ago - Zacks Investment Research

PNM Resources Reports 2022 Results

2023 Ongoing Earnings Guidance Narrowed 2022 GAAP earnings of $1.97 per diluted share 2022 ongoing earnings of $2.69 per diluted share 2023 ongoing earnings guidance range narrowed to $2.65 - $2.75 AL...

1 month ago - PRNewsWire

PNM Resources' (PNM) Board Hikes Dividend by 5.8%

PNM Resources (PNM) continues with its expansions, as its board of directors rewards shareholders with 5.8% quarterly dividend hike.

1 month ago - Zacks Investment Research

PNM Resources to Announce 2022 Earnings on February 24

ALBUQUERQUE, N.M. , Jan. 27, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 year-end financial results prior to the market opening on Friday, February 24, 2023.

2 months ago - PRNewsWire

PNM Files for 2024 Rate Change

Net Average Residential Customer Bill Impact of 0.9% in 2024 ALBUQUERQUE, N.M. , Dec. 5, 2022 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc....

3 months ago - PRNewsWire

PNM Resources Increases Common Dividend 5.8%

PNM Resources and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M. , Dec. 2, 2022 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today voted to i...

4 months ago - PRNewsWire

PNM Resources (PNM) Q3 Earnings Top Estimates,'22 View Raised

PNM Resources' (PNM) third-quarter earnings come in better than expected on strong performance of its PNM and TNMP segments.

4 months ago - Zacks Investment Research

PNM Resources Reports Third Quarter 2022 Results

2022 Ongoing Earnings Guidance Raised 2022 third quarter GAAP earnings of $1.42 per diluted share 2022 third quarter ongoing earnings of $1.46 per diluted share 2022 ongoing earnings guidance range ra...

5 months ago - PRNewsWire

Utility Stocks' Q3 Earnings to Watch on Nov 4: D, PNM & More

Total Q3 earnings of Utility stocks are expected to decline 8.4% year over year, while revenues are likely to improve 7.9%. D, PNM, DUK & PPL are due to post their numbers tomorrow.

Other symbols: DDUKPPL
5 months ago - Zacks Investment Research

PNM Resources to Announce 2022 Third Quarter Earnings on November 4

ALBUQUERQUE, N.M. , Oct. 14, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 third quarter financial results prior to the market opening on Friday, November 4, 2022.

5 months ago - PRNewsWire

PNM Files Grid Modernization Plan for Resilient, Reliable, Efficient and Decarbonized Electric System with Improved Customer Communications

ALBUQUERQUE, N.M. , Oct. 3, 2022 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), is filing a plan with the New Mexico Public Reg...

6 months ago - PRNewsWire

PNM Reaches Interim Carbon Reduction Goal with Closure of Coal-Fired San Juan Generating Station

ALBUQUERQUE, N.M. , Sept. 30, 2022 /PRNewswire/ -- After nearly half a century of reliable service and more than five years of planning towards its closure, the last unit of the coal-fired San Juan Ge...

6 months ago - PRNewsWire

PNM Resources (PNM) Gains on Investment Amid Regulations

PNM Resources (PNM) is poised for growth with consistent investments, strong liquidity and initiatives for lowering emissions. However, a delay in merger and regulations are headwinds.

6 months ago - Zacks Investment Research

Why PNM Resources (PNM) is a Great Dividend Stock Right Now

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?

7 months ago - Zacks Investment Research

Why PNM Resources (PNM) is a Top Dividend Stock for Your Portfolio

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?

7 months ago - Zacks Investment Research

PNM Resources (PNM) Q2 Earnings Beat Estimates, Revenues Rise

PNM Resources' (PNM) second-quarter earnings beat estimates. PNM Resources reiterates its five-year investment plan for improving the transmission and distribution infrastructure.

8 months ago - Zacks Investment Research

PNM Resources Reports Second Quarter 2022 Results

2022 and 2023 Ongoing Earnings Guidance Affirmed 2022 Second Quarter GAAP earnings of $0.18 per diluted share, including unrealized losses on investment securities 2022 Second Quarter ongoing earnings...

8 months ago - PRNewsWire

Here's Why PNM Resources (PNM) is a Strong Growth Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

8 months ago - Zacks Investment Research

PNM Resources (PNM) is a Top Dividend Stock Right Now: Should You Buy?

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?

9 months ago - Zacks Investment Research

PNM Resources to Announce 2022 Second Quarter Earnings on August 4

ALBUQUERQUE, N.M. , July 6, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 second quarter financial results prior to the market opening on Thursday, August 4, 2022.

9 months ago - PRNewsWire

PNM Ordered to Issue Rate Credits in 2022 and 2023 for San Juan Retirement, Contrary to Energy Transition Act, and Files Emergency Motion for Stay

ALBUQUERQUE, N.M. , June 29, 2022 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) issued an Order requiring Public Service Company of New Mexico (PNM), wholly-owned subsidiar...

9 months ago - PRNewsWire