PNM Resources, Inc. (PNM)
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]
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 StatementsAnalyst 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.
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 ...

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...

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...

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 ...

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.

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...

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.

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.

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....

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...

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.

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...

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.

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.

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...

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...

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.

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?

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?

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.

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...

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

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.

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...