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Pnm Resources Inc. (PNM)
NYSE:PNM
Holding PNM?
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PNM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$34.63 - $45.27
Previous Close$40.78
Volume535.41K
Average Volume (3M)683.29K
Market Cap
$3.68B
Enterprise Value$8.79B
Total Cash (Recent Filing)$2.99M
Total Debt (Recent Filing)$5.06B
Price to Earnings (P/E)45.3
Beta0.06
Next Earnings
Jul 31, 2024EPS Estimate
$0.55Last Dividend Ex-Date
Jul 26, 2024Dividend Yield3.7%
Share Statistics
EPS (TTM)0.90
Shares Outstanding90,200,384
10 Day Avg. Volume772,977
30 Day Avg. Volume683,290
Standard Deviation0.06
R-Squared0.13
Alpha-0.00408
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)1.45
Price to Sales (P/S)1.69
Price to Cash Flow (P/CF)7.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.03
Enterprise Value/Gross Profit4.76
Enterprise Value/Ebitda15.25
Forecast
1Y Price Target
$41.25Price Target Upside1.15% Upside
Rating ConsensusHold
Number of Analyst Covering4
Pnm Resources News
PremiumCompany Announcements
TXNM Energy Boosts Stock Sale Potential and Rebrands Identity
PremiumPress Releases
PNM Resources Reports Second Quarter 2024 Results
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesERCOT recognized that the forecast pace of load growth has outpaced transmission capacity, which could result in additional transmission projects in TNMP's service territory.
Legislative SupportNew Texas legislation and semi-annual TCOS and DCRF recovery mechanisms in the state encourage investment.
Regulatory ApprovalThe Public Utility Commission of Texas approved TNMP's application to recover $205 million in net distribution investments and a $16 million rate increase.
Bears Say
Depreciation CostsPNM is looking to accelerate its Four Corners depreciation costs to reflect the earlier shutdown date and also recover anticipated wildfire mitigation costs.
Financing RisksFinancing plan has some risks, with PNM needing to refinance $1 billion of term loans with debt that has equity content.
Rate IncreasePNM filed an electric rate case requesting a rate increase of $174 million, which could impact customer bills.
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Ownership Overview
2.30% Insiders
32.38% Mutual Funds
31.02% Other Institutional Investors
34.30% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PNM FAQ
What was Pnm Resources Inc.’s price range in the past 12 months?
Pnm Resources Inc. lowest stock price was $34.63 and its highest was $45.27 in the past 12 months.
What is Pnm Resources Inc.’s market cap?
Currently, no data Available
When is Pnm Resources Inc.’s upcoming earnings report date?
Pnm Resources Inc.’s upcoming earnings report date is Jul 31, 2024 which is 144 days ago.
How were Pnm Resources Inc.’s earnings last quarter?
Pnm Resources Inc. released its earnings results on Apr 30, 2024. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.396 by $0.014.
Is Pnm Resources Inc. overvalued?
According to Wall Street analysts Pnm Resources Inc.’s price is currently Undervalued.
Does Pnm Resources Inc. pay dividends?
Pnm Resources Inc. pays a Quarterly dividend of $0.387 which represents an annual dividend yield of 3.7%. See more information on Pnm Resources Inc. dividends here
What is Pnm Resources Inc.’s EPS estimate?
Pnm Resources Inc.’s EPS estimate is $0.55.
How many shares outstanding does Pnm Resources Inc. have?
Pnm Resources Inc. has 90,200,386 shares outstanding.
What happened to Pnm Resources Inc.’s price movement after its last earnings report?
Pnm Resources Inc. reported an EPS of $0.41 in its last earnings report, beating expectations of $0.396. Following the earnings report the stock price went up 0.899%.
Which hedge fund is a major shareholder of Pnm Resources Inc.?
Among the largest hedge funds holding Pnm Resources Inc.’s share is Empyrean Capital Partners, LP. It holds Pnm Resources Inc.’s shares valued at 53M.
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Pnm Resources Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$41.25 (1.15% Upside)
$41.25 (1.15% Upside)
Blogger Sentiment
Bullish
PNM Sentiment 66%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 1.1M Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-5.80%
12-Months-Change
Fundamentals
Return on Equity
3.51%
Trailing 12-Months
Asset Growth
9.67%
Trailing 12-Months
Company Description
Pnm Resources Inc.
Public Service Co. of New Mexico provides electricity and electric services. It offers payment options, billing, save money and energy and business energy analyzer. The company was founded in 1917 and is headquartered in Albuquerque, NM.
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PNM Company Deck
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PNM Earnings Call
Q1 2024
0:00 / 0:00
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PNM Stock 12 Month Forecast
Average Price Target
$41.25
▲(1.15% Upside)
Technical Analysis
Best Analysts Covering PNM
1 Year
1 Year Success Rate
4/4 ratings generated profit
1 Year Average Return
+9.63%
reiterated a buy rating 5 months ago
Copying Nicholas Campanella's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +9.63% per trade.
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