PNM Resources, Inc. (PNM)
| 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 |
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 ...
ORANGE, Conn.--(BUSINESS WIRE)--New Mexico regulator sets procedural schedule for PNM Resources Merger with AVANGRID
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 ...
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 (...
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...
ORANGE, Conn.--(BUSINESS WIRE)--Revised Stipulation Agreement for AVANGRID/PNM Resources Merger Receives Additional Support from New Mexico Stakeholders
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...
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...
ORANGE, Conn.--(BUSINESS WIRE)--Public Utility Commission of Texas Approves AVANGRID Merger with Texas-New Mexico Power Company
PNM Resources' (PNM) higher year-over-year earnings and revenues in Q1 are partly offset by escalated operating expenses.
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...
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 ...
ORANGE, Conn.--(BUSINESS WIRE)--FERC approves AVANGRID's proposed PNM Resources merger, on track to close in the second half of 2021.
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.
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.
PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?
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...
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 ...
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.
PNM Resources' (PNM) emphasis on generating clean energy and consistent investments are expected to fortify its operations.
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...
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.
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 ...
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 ...
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...
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.
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%.
AVANGRID Announces Expiration of Hart-Scott-Rodino Antitrust Waiting Period For PNM Resources Merger
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.
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...
PNM Resources' (PNM) planned infrastructure-related investments along with its focus on generating clean energy are expected to fortify its existing operations.
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...
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 ...
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.
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...
The mainstream crowd has gotten way too greedy—which means we could be in the teeth of a stock-market selloff within weeks.
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.
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...
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...
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 ...
PNM Resources' (PNM) robust liquidity, strategic plans and northbound earnings estimates make it a lucrative choice at the moment.
PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?
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...
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...
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...
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...
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 ...
PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q3 2020 Results - Earnings Call Transcript
PNM Resources, Inc.'s (PNM) CEO Pat Vincent-Collawn On Q3 2020 Results - Quick Version Earnings Call Transcript
PNM Resources' (PNM) third-quarter earnings are better than expected and its merger with AVANGRID will create a strong renewable energy focused company.
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?
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 |
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%.
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.