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PNM

PNM Resources Inc

Apr 16 • 04:00PM ET

35.97

Dollar change -0.19
Percentage change -0.53	%

Utilities • Utilities - Regulated Electric • USA • NYSE

Stock Detail • Compare Perf. • Revenue • Options Chain • Save to Portfolio • Create Alert

Held by: VTI IJH VB IWM VBR VXF IWN VPU IJJ IFRA

Scroll to Statements

Index	RUT	P/E	35.35	EPS (ttm)	1.02	Insider Own	1.23%	Shs Outstand	90.20M	Perf Week	-3.41%
Market Cap	3.24B	Forward P/E	12.78	EPS next Y	2.81	Insider Trans	0.00%	Shs Float	89.09M	Perf Month	-1.99%
Income	87.82M	PEG	5.66	EPS next Q	0.40	Inst Own	92.52%	Short Float	1.94%	Perf Quarter	-1.40%
Sales	1.94B	P/S	1.67	EPS this Y	-4.74%	Inst Trans	-1.07%	Short Ratio	1.47	Perf Half Y	-17.76%
Book/sh	27.37	P/B	1.31	EPS next Y	4.75%	ROA	0.87%	Short Interest	1.73M	Perf Year	-26.28%
Cash/sh	0.02	P/C	1468.10	EPS next 5Y	6.25%	ROE	3.87%	52W Range	34.62 - 49.08	Perf YTD	-13.53%
Dividend Est.	1.55 (4.32%)	P/FCF	-	EPS past 5Y	-1.02%	ROI	1.29%	52W High	-26.71%	Beta	0.37
Dividend TTM	1.49 (4.14%)	Quick Ratio	0.31	Sales past 5Y	7.08%	Gross Margin	32.34%	52W Low	3.88%	ATR (14)	0.71
Dividend Ex-Date	Apr 25, 2024	Current Ratio	0.39	EPS Y/Y TTM	-48.29%	Oper. Margin	15.64%	RSI (14)	35.01	Volatility	1.95% 1.66%
Employees	1600	Debt/Eq	2.11	Sales Y/Y TTM	-13.78%	Profit Margin	4.53%	Recom	2.17	Target Price	41.50
Option/Short	Yes / Yes	LT Debt/Eq	1.87	EPS Q/Q	-419.08%	Payout	146.54%	Rel Volume	0.65	Prev Close	36.16
Sales Surprise	-23.90%	EPS Surprise	29.03%	Sales Q/Q	-28.43%	Earnings	Apr 30 BMO	Avg Volume	1.18M	Price	35.97
SMA20	-2.92%	SMA50	-3.01%	SMA200	-13.11%	Trades		Volume	763,078	Change	-0.53%

Date	Action	Analyst	Rating Change	Price Target Change
Feb-08-24	Initiated	Barclays	Overweight	$40
Jan-03-24	Upgrade	Wells Fargo	Equal Weight → Overweight	$41 → $44
Jan-03-24	Downgrade	Mizuho	Buy → Neutral	$41
Sep-26-23	Upgrade	Mizuho	Neutral → Buy	$50.30
May-16-23	Upgrade	Siebert Williams Shank	Hold → Buy	$53 → $55
Jan-09-23	Downgrade	Mizuho	Buy → Neutral	$51 → $50.30
Oct-20-22	Downgrade	Wells Fargo	Overweight → Equal Weight	$53 → $45
Jun-22-22	Upgrade	Mizuho	Neutral → Buy	$53 → $52
Dec-13-21	Upgrade	Wells Fargo	Equal Weight → Overweight	$50
Dec-03-21	Upgrade	Wells Fargo	Underweight → Equal Weight	$50 → $47
Aug-25-21	Downgrade	Argus	Buy → Hold
Mar-03-21	Downgrade	Citigroup	Buy → Neutral
Jan-06-21	Downgrade	Wells Fargo	Equal Weight → Underweight	$50
Nov-18-20	Downgrade	Barclays	Equal Weight → Underweight	$50
Oct-21-20	Downgrade	Sidoti	Buy → Neutral
Oct-14-20	Initiated	Citigroup	Buy	$51
Aug-11-20	Upgrade	Wells Fargo	Equal Weight → Overweight
May-15-20	Upgrade	Barclays	Equal Weight → Overweight	$44
Nov-21-19	Upgrade	Barclays	Underweight → Equal Weight	$52 → $51
Sep-30-19	Upgrade	BofA/Merrill	Neutral → Buy	$56

Show Previous Ratings

Apr-04-24 06:30AM	PNM Resources to Announce 2024 First Quarter Earnings on April 30 (PR Newswire)
Mar-20-24 06:30AM	PNM Resources Management to Meet with Investors (PR Newswire)
Mar-11-24 04:15PM	Public Service Company of New Mexico Declares Preferred Dividend (PR Newswire)
Mar-07-24 11:31AM	Why Is PNM Resources (PNM) Up 0.6% Since Last Earnings Report? (Zacks)
Mar-04-24 06:30AM	PNM Resources Management to Meet with Investors 2024 ongoing earnings guidance to be affirmed during meetings (PR Newswire)
04:15PM	Loading…
Mar-01-24 04:15PM	PNM Resources Board Declares Quarterly Common Stock Dividend (PR Newswire)
Feb-27-24 04:39PM	PNM Resources Completes Sale of Renewable Joint Venture (PR Newswire)
Feb-19-24 06:30AM	PNM Resources Management to Meet with Investors (PR Newswire)
Feb-13-24 07:21AM	PNM Resources Management to Meet with Investors (PR Newswire)
Feb-07-24 08:27AM	PNM Resources, Inc. (NYSE:PNM) Q4 2023 Earnings Call Transcript (Insider Monkey)
01:44AM	Preliminary Q4 2024 PNM Resources Inc Earnings Call (Thomson Reuters StreetEvents)
Feb-06-24 09:48AM	PNM Resources (PNM) Q4 Earnings Top, Full-Year Revenues Fall (Zacks)
07:50AM	PNM Resources (PNM) Q4 Earnings Top Estimates (Zacks)
06:30AM	PNM Resources Reports 2023 Results and Introduces 2024 Earnings Guidance (PR Newswire)
Feb-02-24 08:17AM	What's in Store for PNM Resources (PNM) in Q4 Earnings? (Zacks)
03:14PM	Loading…
Jan-04-24 03:14PM	NMPRC Issues Decision in PNM Rate Review (PR Newswire)
Jan-02-24 02:48PM	Proposed merger of New Mexico, Connecticut energy companies scuttled; deal valued at more than $4.3B (Associated Press Finance) -5.99%
01:25PM	Iberdrola Ends $4.3 Billion Deal to Buy US Power Firm PNM (Bloomberg)
12:13PM	Corcept Therapeutics, PNM Resources fall; Johnson & Johnson rise, Tuesday, 1/2/2024 (Associated Press Finance)
04:27AM	Avangrid ends PNM acquisition bid, sees no clear timing to resolve New Mexico PRCs rejection of deal (Utility Dive)
03:55AM	Iberdrolas Avangrid Ends $4.3 Billion Deal With PNM Resources (The Wall Street Journal)
02:50AM	Avangrid Ends $4.3 Billion Deal With PNM Resources (The Wall Street Journal)
02:32AM	UPDATE 2-Iberdrola's Avangrid terminates $8.3 bln deal to buy PNM Resources (Reuters)
01:20AM	Avangrid terminates $4.3 bln deal to buy PNM Resources (Reuters)
01:00AM	PNM Resources Announces Avangrid Termination of Merger Agreement, Schedules Financial Update (PR Newswire)
Dec-28-23 07:51AM	PNM Resources (PNM) to Sell Renewable Joint Venture for $230M (Zacks)
Dec-26-23 11:23AM	Electric Company AEP and PNM Unload 50% Solar Stake for $230M in Strategic Shift (Benzinga)
09:27AM	Utilities AEP, PNM Sell New Mexico Solar Assets for $230 Million (Bloomberg)
06:45AM	NMPRC Approves PNM Distribution Battery Storage Projects (PR Newswire)
06:30AM	PNM Resources Announces Sale of Renewable Joint Venture (PR Newswire)
06:30AM	Loading…
Dec-11-23 06:30AM	Hearing Examiners Issue Recommended Decisions in PNM 2024 Rate Review and Distribution Battery Filings (PR Newswire)
Dec-06-23 10:15AM	PNM Resources (PNM) Raises Annual Dividend Rate by 5.4% (Zacks)
Dec-05-23 04:30PM	PNM Resources Increases Common Dividend 5.4% (PR Newswire)
Nov-14-23 07:14AM	12 Best Buy-the-Dip Stocks To Buy Now (Insider Monkey)
Nov-10-23 04:30PM	PNM Resources Management to Meet with Investors (PR Newswire)
Oct-31-23 11:40AM	PNM vs. MGEE: Which Stock Should Value Investors Buy Now? (Zacks)
Oct-30-23 01:50AM	The PNM Resources Inc (PNM) Company: A Short SWOT Analysis (GuruFocus.com)
Oct-29-23 08:34AM	PNM Resources, Inc. (NYSE:PNM) Q3 2023 Earnings Call Transcript (Insider Monkey)
Oct-27-23 10:03AM	PNM Resources Inc (PNM) Reports Q3 2023 Earnings (GuruFocus.com)
08:20AM	PNM Resources (PNM) Q3 Earnings Beat Estimates, Revenues Lag (Zacks)
07:50AM	PNM Resources (PNM) Q3 Earnings Surpass Estimates (Zacks)
06:41AM	PNM Resources: Q3 Earnings Snapshot (Associated Press Finance)
06:30AM	PNM Resources Reports Third Quarter 2023 Results (PR Newswire)
Oct-26-23 07:13AM	PNM Resources Inc's Dividend Analysis (GuruFocus.com)
Oct-24-23 09:19AM	PNM Resources (PNM) to Report Q3 Earnings: What's in Store? (Zacks)
Oct-20-23 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
Oct-17-23 09:01AM	Reasons to Add PNM Resources (PNM) to Your Portfolio Now (Zacks)
08:54AM	5 Low-Beta Utility Stocks to Buy Amid Ongoing Market Volatility (Zacks)
Oct-06-23 09:28AM	TransAlta (TAC) Closes Acquisition of TransAlta Renewables (Zacks)
06:30AM	PNM Resources to Announce 2023 Third Quarter Earnings on October 27 (PR Newswire)
Oct-04-23 11:45AM	Why PNM Resources (PNM) is a Great Dividend Stock Right Now (Zacks)
Sep-29-23 02:54AM	14 Best Depressed Stocks To Buy Now (Insider Monkey)
Sep-26-23 11:40AM	PNM or MGEE: Which Is the Better Value Stock Right Now? (Zacks)
10:19AM	4 Stocks With Recent Dividend Hikes Amid a Choppy Market (Zacks)
Sep-21-23 04:20PM	PNM unanimous settlement agreement for San Juan credits approved (PR Newswire)
Sep-19-23 04:20PM	PNM Resources Board Declares Quarterly Common Stock Dividend (PR Newswire)
Sep-18-23 11:45AM	Why PNM Resources (PNM) is a Top Dividend Stock for Your Portfolio (Zacks)
Sep-15-23 05:01AM	The Zacks Analyst Blog Highlights FirstEnergy, PNM Resources, PepsiCo, Atmos Energy and J&J Snack Foods (Zacks)
Sep-14-23 09:16AM	5 Safe Stocks to Buy as Inflation Comes in Hotter Than Expected (Zacks)
Sep-11-23 08:42PM	Public Service Company of New Mexico Declares Preferred Dividend (PR Newswire)
Sep-08-23 06:54AM	IDACORP (IDA) Rides on Investments, Diverse Customer Base (Zacks)
Sep-07-23 11:40AM	PNM or MGEE: Which Is the Better Value Stock Right Now? (Zacks)
Aug-31-23 11:45AM	PNM Resources (PNM) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
08:06AM	5 Utility Stocks to Invest in for a Stable Portfolio (Zacks)
Aug-29-23 08:22AM	5 Solid Stocks to Buy Amid Recurring Fears of Rate Hikes (Zacks)
Aug-28-23 11:40AM	PNM Resources (PNM) to Benefit From Investments in Clean Assets (Zacks)
Aug-27-23 09:31AM	18 Best 52-Week Low Stocks To Buy Now (Insider Monkey)
Aug-22-23 05:26PM	PNM vs. MGEE: Which Stock Is the Better Value Option? (Zacks)
08:03AM	4 Low-Beta Utility Stocks to Tide Over Ongoing Market Volatility (Zacks)
Aug-18-23 04:15PM	PNM and parties reach unanimous settlement agreement for customer rate credits to resolve remaining steps of San Juan coal plant retirement (PR Newswire)
Aug-07-23 10:17AM	PNM Resources, Inc. (NYSE:PNM) Q2 2023 Earnings Call Transcript (Insider Monkey)
Aug-05-23 01:01AM	Q2 2023 PNM Resources Inc Earnings Call (Thomson Reuters StreetEvents)
Aug-04-23 09:59AM	PNM Resources (PNM) Q2 Earnings Beat Estimates, Revenues Lag (Zacks)
07:45AM	PNM Resources (PNM) Surpasses Q2 Earnings Estimates (Zacks)
06:36AM	PNM Resources: Q2 Earnings Snapshot (AP Finance)
06:30AM	PNM Resources Reports Second Quarter 2023 Results (PR Newswire)
Aug-03-23 08:55AM	New Jersey Resources (NJR) Q3 Earnings Top Estimates (Zacks)
08:52AM	Utility Stocks' Q2 Earnings to Watch on Aug 4: D, PNM & More (Zacks)
Aug-02-23 08:05AM	Exelon (EXC) Surpasses Q2 Earnings and Revenue Estimates (Zacks)
Aug-01-23 04:30PM	PNM Resources Board Declares Quarterly Common Stock Dividend (PR Newswire)
Jul-27-23 08:16AM	Investing in PNM Resources (NYSE:PNM) five years ago would have delivered you a 31% gain (Simply Wall St.)
Jul-17-23 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
Jul-10-23 08:52AM	PNM Resources to Announce 2023 Second Quarter Earnings on August 4 (PR Newswire)
Jul-07-23 06:30AM	New Mexico Supreme Court upholds New Mexico Public Regulation Commission denial of PNM application for abandonment, securitization of Four Corners Coal Plant (PR Newswire)
Jun-30-23 11:40AM	PNM or MGEE: Which Is the Better Value Stock Right Now? (Zacks)
10:40AM	With A Return On Equity Of 9.9%, Has PNM Resources, Inc.'s (NYSE:PNM) Management Done Well? (Simply Wall St.)
Jun-29-23 11:45AM	Why PNM Resources (PNM) is a Great Dividend Stock Right Now (Zacks)
Jun-21-23 08:00PM	PNM: Lowering target price to $48.00 (Argus Research)
07:57AM	PNM Resources (PNM) & AVANGRID Agree on Merger Extension (Zacks)
Jun-20-23 06:30AM	PNM Resources and Avangrid agree to merger extension (PR Newswire)
Jun-13-23 11:45AM	PNM Resources (PNM) Could Be a Great Choice (Zacks)
11:40AM	PNM vs. PEG: Which Stock Is the Better Value Option? (Zacks)
Jun-07-23 02:05PM	Top Utilities Stocks for June 2023 (Investopedia)
Jun-06-23 04:30PM	Public Service Company of New Mexico Declares Preferred Dividend (PR Newswire)
May-25-23 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
May-24-23 11:02AM	PNM Resources (PNM) to Gain From Investments in Clean Assets (Zacks)
May-20-23 10:55AM	PNM Resources, Inc.'s (NYSE:PNM) Intrinsic Value Is Potentially 26% Below Its Share Price (Simply Wall St.)
May-15-23 03:17PM	New Mexico Supreme Court denies motion to dismiss and remand merger appeal, schedules oral argument (PR Newswire) -5.53%
May-06-23 09:36AM	Here's Why We Think PNM Resources (NYSE:PNM) Is Well Worth Watching (Simply Wall St.)
May-05-23 12:49PM	PNM Resources (PNM) Q1 Earnings & Revenues Beat Estimates (Zacks)

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

Insider Trading	Relationship	Date	Transaction	#Shares	#Shares Total	SEC Form 4
COLLAWN PATRICIA K	CHAIRMAN AND CEO	Mar 07 '24	Option Exercise	16,849	709,778	Mar 08 01:51 PM
Apodaca Patrick V	SVP, GEN COUNSEL & SECY	Mar 07 '24	Option Exercise	2,060	90,879	Mar 08 01:51 PM
TARRY JOSEPH DON	President and COO	Mar 07 '24	Option Exercise	3,178	31,915	Mar 08 01:51 PM
Bischoff Gerald R	VP and Corporate Controller	Mar 07 '24	Option Exercise	437	599	Mar 08 01:51 PM
Eden Elisabeth A	SVP, CFO & Treasurer	Mar 07 '24	Option Exercise	1,334	19,535	Mar 08 01:51 PM
COLLAWN PATRICIA K	CHAIRMAN AND CEO	Mar 01 '24	Option Exercise	44,624	718,042	Mar 05 12:08 PM
Apodaca Patrick V	SVP, GEN COUNSEL & SECY	Mar 01 '24	Option Exercise	5,205	91,907	Mar 05 12:08 PM
TARRY JOSEPH DON	President and COO	Mar 01 '24	Option Exercise	8,064	33,546	Mar 05 12:08 PM
Eden Elisabeth A	SVP, CFO & Treasurer	Mar 01 '24	Option Exercise	3,540	20,303	Mar 05 12:09 PM

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PNM

PNM Resources Inc

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