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Pnm Resources Inc. (PNM)
NYSE:PNM
Pnm Resources (PNM) Stock Price & Analysis
94 Followers
PNM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$34.26 - $45.19
Previous Close$37.84
Volume2.12M
Average Volume (3M)621.63K
Market Cap
$3.41B
Enterprise Value$8.42B
Total Cash (Recent Filing)$2.21M
Total Debt (Recent Filing)$4.96B
Price to Earnings (P/E)42.0
Beta0.17
Next Earnings
Aug 02, 2024EPS Estimate
$0.53Last Dividend Ex-Date
Apr 25, 2024Dividend Yield3.96%
Share Statistics
EPS (TTM)0.90
Shares Outstanding90,200,384
10 Day Avg. Volume571,827
30 Day Avg. Volume621,627
Standard Deviation0.06
R-Squared0.13
Alpha-0.00408
Financial Highlights & Ratios
Price to Book (P/B)1.74
Price to Sales (P/S)1.76
Price to Cash Flow (P/CF)N/A
P/FCF Ratio23.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.81
Enterprise Value/Gross Profit4.56
Enterprise Value/Ebitda18.30
Forecast
1Y Price Target
$41.50Price Target Upside9.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
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
Earnings And GrowthPNM reiterates a Buy rating with above average growth in EPS and a raised guidance for future years.
Legislation And InvestmentNew Texas legislation and semi-annual TCOS and DCRF recovery mechanisms in the state encourage investment.
Regulatory EnvironmentPNW is rated Buy, with an investment thesis highlighting potential improvements in Arizona regulation that could enhance the company's Return on Equity.
Bears Say
Financial RiskPNM's equity needs totaling $100 million per year through 2028 signals potential financing risks.
Market OpportunityMediocre data center opportunities in New Mexico could limit revenue growth prospects.
Stock ValuationPNW's price objective reduction is attributed to a lower group average P/E multiple, suggesting a bearish valuation outlook.
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Ownership Overview
2.25% Insiders
31.28% Mutual Funds
59.78% Other Institutional Investors
6.70% 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 $45.19 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 58 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 3.96%. 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
Underperform
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$41.50 (9.67% Upside)
$41.50 (9.67% Upside)
Blogger Sentiment
Bullish
PNM Sentiment 66%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 1.1M Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-15.72%
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
$41.50
▲(9.67% Upside)
Technical Analysis
American Electric Power
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Duke Energy
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Edison International
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Public Service Enterprise
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Best Analysts Covering PNM
1 Year
1 Year Success Rate
3/3 ratings generated profit
1 Year Average Return
+3.67%
reiterated a buy rating last month
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 +3.67% per trade.
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