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PNM Resources, Inc. (PNM)

Stock Price: $49.01 USD -0.01 (-0.02%)
Updated Jun 16, 2021 3:25 PM EDT - Market open
Market Cap 4.21B
Revenue (ttm) 1.55B
Net Income (ttm) 205.35M
Shares Out 85.83M
EPS (ttm) 2.51
PE Ratio 19.56
Forward PE 21.23
Dividend $1.27
Dividend Yield 2.59%
Trading Day June 16
Last Price $49.01
Previous Close $49.02
Change ($) -0.01
Change (%) -0.02%
Day's Open 49.02
Day's Range 48.96 - 49.13
Day's Volume 516,783
52-Week Range 35.95 - 49.73

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ALBUQUERQUE, N.M., June 7, 2021 /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 4.58 percent ...

1 week ago - PRNewsWire

ORANGE, Conn.--(BUSINESS WIRE)--New Mexico regulator sets procedural schedule for PNM Resources Merger with AVANGRID

Other stocks mentioned: AGR
2 weeks ago - Business Wire

ALBUQUERQUE, N.M., June 1, 2021 /PRNewswire/ -- On Friday, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation ...

Other stocks mentioned: AGR
2 weeks ago - PRNewsWire

ALBUQUERQUE, N.M., May 26, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) and AVANGRID (NYSE: AGR) yesterday received approval from the sixth regulatory entity, the Nuclear Regulatory Commission (...

Other stocks mentioned: AGR
3 weeks ago - PRNewsWire

ALBUQUERQUE, N.M., May 25, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID announced two additional part...

3 weeks ago - PRNewsWire

ORANGE, Conn.--(BUSINESS WIRE)--Revised Stipulation Agreement for AVANGRID/PNM Resources Merger Receives Additional Support from New Mexico Stakeholders

Other stocks mentioned: AGR
1 month ago - Business Wire

ALBUQUERQUE, N.M., May 7, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID filed a revised stipulation wi...

1 month ago - PRNewsWire

ALBUQUERQUE, N.M., May 6, 2021 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) voted to approve the unanimous stipulation and agreement among parties for the merger of PNM Resources...

Other stocks mentioned: AGR
1 month ago - PRNewsWire

ORANGE, Conn.--(BUSINESS WIRE)--Public Utility Commission of Texas Approves AVANGRID Merger with Texas-New Mexico Power Company

Other stocks mentioned: AGR
1 month ago - Business Wire

PNM Resources' (PNM) higher year-over-year earnings and revenues in Q1 are partly offset by escalated operating expenses.

1 month ago - Zacks Investment Research

ALBUQUERQUE, N.M., April 30, 2021 /PRNewswire/ -- 2021 First Quarter GAAP earnings of $0.20 per diluted share 2021 First Quarter Ongoing earnings of $0.32 per diluted share Affirmed 2021 Ongoing earning...

1 month ago - PRNewsWire

ALBUQUERQUE, N.M., April 21, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and Avangrid filed a stipulation in its ...

1 month ago - PRNewsWire

ORANGE, Conn.--(BUSINESS WIRE)--FERC approves AVANGRID's proposed PNM Resources merger, on track to close in the second half of 2021.

Other stocks mentioned: AGR
1 month ago - Business Wire

ALBUQUERQUE, N.M., April 12, 2021 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2021 first quarter financial results prior to the market opening on Friday, April 30, 2021.

2 months ago - PRNewsWire

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID reaches settlement with key stakeholders in Texas for PNM Resources merger; transaction remains on track to close the second half of 2021.

Other stocks mentioned: AGR
2 months ago - Business Wire

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

2 months ago - Zacks Investment Research

ALBUQUERQUE, N.M., March 22, 2021 /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 4.58 percen...

2 months ago - PRNewsWire

ALBUQUERQUE, N.M., March 12, 2021 /PRNewswire/ -- PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), has enhanced its plan to exit the coal-fired Four Corners Power Plant ...

3 months ago - PRNewsWire

ORANGE, Conn.--(BUSINESS WIRE)--FCC approves transfer of licenses related to AVANGRID's proposed PNM Resources merger, on track to close second half of 2021.

Other stocks mentioned: AGR
3 months ago - Business Wire

PNM Resources' (PNM) emphasis on generating clean energy and consistent investments are expected to fortify its operations.

3 months ago - Zacks Investment Research

ALBUQUERQUE, N.M., March 5, 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 th...

3 months ago - PRNewsWire

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.

3 months ago - Zacks Investment Research

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 guidance ...

3 months ago - PRNewsWire

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, 2021. The ...

4 months ago - PRNewsWire

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 meeting h...

4 months ago - PRNewsWire

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
4 months ago - Business Wire

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
4 months ago - Seeking Alpha

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
4 months ago - Business Wire

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 potential vi...

5 months ago - PRNewsWire

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

5 months ago - Zacks Investment Research

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 potential v...

5 months ago - PRNewsWire

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 duties and ...

5 months ago - GlobeNewsWire

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.

5 months ago - Zacks Investment Research

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 ongoing earnin...

5 months ago - PRNewsWire

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
6 months ago - Forbes

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.

6 months ago - Zacks Investment Research

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 percent incr...

6 months ago - PRNewsWire

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 performance in t...

6 months ago - PRNewsWire

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 the federal ...

6 months ago - PRNewsWire

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

6 months ago - Zacks Investment Research

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

6 months ago - Zacks Investment Research

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 proposed merge...

7 months ago - Seeking Alpha

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") (NYSE: PNM...

7 months ago - PRNewsWire

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 beginning Novem...

7 months ago - PRNewsWire

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 the "Compa...

7 months ago - PRNewsWire

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 its exit ...

7 months ago - PRNewsWire

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

7 months ago - Seeking Alpha

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

7 months ago - Seeking Alpha

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

7 months ago - Zacks Investment Research

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

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... [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 1.88% from the latest price.

Price Target
$49.93
(1.88% upside)
Analyst Consensus: Hold