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Pnm Resources Inc. (PNM)
NYSE:PNM
Pnm Resources (PNM) Stock Price & Analysis
95 Followers
PNM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$34.26 - $44.22
Previous Close$35.99
Volume239.83K
Average Volume (3M)659.89K
Market Cap
$3.27B
Enterprise Value$8.28B
Total Cash (Recent Filing)$2.21M
Total Debt (Recent Filing)$4.96B
Price to Earnings (P/E)40.0
Beta0.05
Next Earnings
Aug 02, 2024EPS Estimate
$0.53Last Dividend Ex-Date
Apr 25, 2024Dividend Yield4.17%
Share Statistics
EPS (TTM)0.90
Shares Outstanding90,200,384
10 Day Avg. Volume772,977
30 Day Avg. Volume659,891
Standard Deviation0.06
R-Squared0.13
Alpha-0.00408
Financial Highlights & Ratios
Price to Book (P/B)1.65
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/Revenue4.73
Enterprise Value/Gross Profit4.48
Enterprise Value/Ebitda17.98
Forecast
1Y Price Target
$41.20Price Target Upside14.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Pnm Resources News
PremiumPress Releases
PNM Resources Management to Meet with Investors
PremiumPress Releases
PNM Resources Reports First Quarter 2024 Results
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesERCOT recognized 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 Distribution Cost Recovery Factor application to recover $205 million in net distribution investments and a $16 million rate increase.
Bears Say
Financial PerformancePNM filed an electric rate case requesting a rate increase of $174 million, which could impact customer bills.
Financing RiskFinancing plan has some risks, with PNM needing to refinance $1 billion of term loans with debt that has equity content.
Regulatory RiskWildfires are a risk in PNM’s New Mexico service territory given the dryness and periods of high wind.
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Ownership Overview
2.30% Insiders
31.60% Mutual Funds
26.43% Other Institutional Investors
39.68% 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 $34.26 and its highest was $44.22 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 Aug 02, 2024 which is in 28 days.
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 $0.39 which represents an annual dividend yield of 4.17%. See more information on Pnm Resources Inc. dividends here
What is Pnm Resources Inc.’s EPS estimate?
Pnm Resources Inc.’s EPS estimate is $0.53.
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 0.89%.
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
Moderate Buy
Average Price Target:
$41.20 (14.48% Upside)
$41.20 (14.48% Upside)
Blogger Sentiment
Bullish
PNM Sentiment 66%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 1.1M Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.61%
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
$41.20
▲(14.48% Upside)
Technical Analysis
Best Analysts Covering PNM
1 Year
1 Year Success Rate
3/5 ratings generated profit
1 Year Average Return
+3.52%
reiterated a buy rating 5 months ago
Copying Jonathan Reeder's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +3.52% per trade.
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