PNM Resources, Inc. (PNM)

NYSE: PNM · IEX Real-Time Price · USD
44.32
-0.07 (-0.16%)
Jan 28, 2022 1:37 PM EST - Market open
Market Cap3.80B
Revenue (ttm)1.59B
Net Income (ttm)166.72M
Shares Out85.83M
EPS (ttm)2.27
PE Ratio19.50
Forward PE18.21
Dividend$1.31 (2.96%)
Ex-Dividend DateOct 29, 2021
Volume134,884
Open44.40
Previous Close44.39
Day's Range44.20 - 44.51
52-Week Range43.84 - 50.11
Beta0.48
AnalystsHold
Price Target48.66 (+9.8%)
Earnings DateFeb 3, 2022

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...

IndustryElectric Utilities
Founded1917
CEOPatricia Collawn
Employees1,708
Stock ExchangeNYSE
Ticker SymbolPNM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for PNM Resources stock is "Hold." The 12-month stock price forecast is 48.66, which is an increase of 9.79% from the latest price.

Price Target
$48.66
(9.79% upside)
Analyst Consensus: Hold

News

Merger Date of PNM Resources (PNM) & AVANGRID Gets Extended

The merger deal between PNM Resources (PNM) and AVANGRID (AGR) gets extended to April 2023 from fourth-quarter 2021 as the proposal was turned down by the New Mexico Public Regulation Commission.

Other symbols:AGR
3 weeks ago - Zacks Investment Research

5 Stocks With Upgraded Broker Ratings for Attractive Returns

It is advisable to follow broker rating upgrades for robust returns. Hence, we pick Boston Beer (SAM), Williams-Sonoma (WSM), Cerner (CERN), PNM Resources (PNM) and Sonoco (SON) as these witness rating ...

Other symbols:CERNSAMSONWSM
3 weeks ago - Zacks Investment Research

AVANGRID and PNM Resources Merger Agreement Extended; Companies File Notice of Appeal With New Mexico Supreme Court

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID and PNM Resources Merger Agreement Extended; Companies File Notice of Appeal With New Mexico Supreme Court

Other symbols:AGR
3 weeks ago - Business Wire

PNM Resources Merger Agreement Extended and Appeal Filed, Financial Update with Earnings Guidance Scheduled for Febru...

ALBUQUERQUE, N.M., Jan. 3, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) and Avangrid, Inc. have entered into an amendment of their merger agreement extending the end date to April 20, 2023.

3 weeks ago - PRNewsWire

PNM Resources (PNM) Benefits From Clean Energy Goals & CAPEX

PNM Resources' (PNM) focus on generating green energy and its planned investments are likely to fortify its operations further.

1 month ago - Zacks Investment Research

PNM vs. NEE: Which Stock Should Value Investors Buy Now?

PNM vs. NEE: Which Stock Is the Better Value Option?

Other symbols:NEE
1 month ago - Zacks Investment Research

PNM Appeals Rejection of Plan to Exit Four Corners Coal Plant

ALBUQUERQUE, N.M., Dec. 22, 2021 /PRNewswire/ -- Today, PNM filed a Notice of Appeal with the New Mexico Supreme Court of the decision earlier this month by the New Mexico Public Regulation Commission (...

1 month ago - PRNewsWire

New Mexico Public Regulation Commission Denies PNM Application for Abandonment, Securitization of Four Corners Coal P...

ALBUQUERQUE, N.M., Dec. 15, 2021 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) voted 5-0 to deny the application by Public Service Company of New Mexico (PNM), wholly-owned s...

1 month ago - PRNewsWire

PNM Resources (PNM) Adds Wind Capacity, Buys Western Spirit

A unit of PNM Resources (PNM) completes the acquisition of Western Spirit transmission line, which was signed in May 2019. This deal will enhance PNM's clean energy portfolio.

1 month ago - Zacks Investment Research

Down 9% in 4 Weeks, Here's Why PNM Resources (PNM) Looks Ripe for a Turnaround

PNM Resources (PNM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revisin...

1 month ago - Zacks Investment Research

PNM Completes Purchase of Western Spirit Transmission Line

ALBUQUERQUE, N.M., Dec. 13, 2021 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), has closed on its purchase of the Western Spirit ...

1 month ago - PRNewsWire

New Mexico Public Regulation Commission Rejects Agreement Reached with Parties in PNM / AVANGRID Merger

ALBUQUERQUE, N.M., Dec. 8, 2021 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) rejected the agreement reached by parties in the merger application involving PNM Resources, Inc...

1 month ago - PRNewsWire

Officials of 15 Organizations Voice Support for PNM and AVANGRID Merger

ALBUQUERQUE, N.M., Dec. 3, 2021 /PRNewswire/ -- Yesterday, PNM Resources (NYSE: PNM) and AVANGRID, Inc. (NYSE: AGR) answered open questions at a news conference about their proposed merger and addressed...

Other symbols:AGR
1 month ago - PRNewsWire

New Mexico Public Regulation Commission Discusses PNM / AVANGRID Merger

ALBUQUERQUE, N.M., Dec. 2, 2021 /PRNewswire/ -- Yesterday, the New Mexico Public Regulation Commission (NMPRC) began its consideration of the merger application involving PNM Resources, Inc. (NYSE: PNM)...

1 month ago - PRNewsWire

Hearing Examiner Issues Recommendation to Approve Abandonment, Securitization of Four Corners Power Plant

ALBUQUERQUE, N.M., Nov. 15, 2021 /PRNewswire/ -- On Friday, a Hearing Examiner of the New Mexico Public Regulation Commission (NMPRC) issued a recommendation for PNM Resources, Inc. (NYSE: PNM) wholly-o...

2 months ago - PRNewsWire

PNM Resources' (PNM) Q3 Earnings Fall Y/Y, Revenues Rise

PNM Resources' (PNM) Q3 earnings decline from the year-earlier figure. The company suspends its 2021 EPS guidance as it expects to close the Avangrid merger this year.

2 months ago - Zacks Investment Research

PNM Resources Reports Third Quarter Results

ALBUQUERQUE, N.M., Oct. 28, 2021 /PRNewswire/ -- 2021 third quarter GAAP earnings of $1.32 per diluted share 2021 third quarter ongoing earnings of $1.37 per diluted share reflects increased earnings co...

2 months ago - PRNewsWire

PNM Resources Board Declares Quarterly Common Stock Dividend

ALBUQUERQUE, N.M., Sept. 21, 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 t...

4 months ago - PRNewsWire

PNM Resources' (PNM) Clean Energy Goals & CAPEX Bode Well

PNM Resources' (PNM) focus on generating green energy and its planned investments are likely to fortify its operations further.

5 months ago - Zacks Investment Research

AVANGRID and PNM Resources Announce Additional Support for Merger

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID and PNM Resources announce additional support for merger.

Other symbols:AGR
5 months ago - Business Wire

6 Reliable Utilities Stocks to Buy Today

This is the ideal time to look for interesting utilities stocks to add to your portfolio now that we're sitting in a trading range. The post 6 Reliable Utilities Stocks to Buy Today appeared first on In...

Other symbols:BIPCPKKENMDUSPH
5 months ago - InvestorPlace

PNM Resources' (PNM) Q2 Earnings In Line Y/Y, Revenues Rise

PNM Resources' (PNM) Q2 earnings meet the year-earlier figure while its revenues improve year over year on the back of improvement in demand.

5 months ago - Zacks Investment Research

PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application

ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- On Thursday, Joint Applicants Public Service Company of New Mexico (PNM) and AVANGRID (NYSE: AGR).

Other symbols:AGR
5 months ago - PRNewsWire

PNM Resources Reports Second Quarter Results

ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- 2021 second quarter GAAP earnings of $0.62 per diluted share 2021 second quarter ongoing earnings of $0.55 per diluted share reflects increased earnings ...

5 months ago - PRNewsWire

TNMP Reaches Settlement for 98% Requested Recovery of Distribution Investments

ALBUQUERQUE, N.M., July 2, 2021 /PRNewswire/ -- Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), filed a settlement in its application to amend its...

6 months ago - PRNewsWire