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PNM Resources NYSE:PNM Stock Report

Last Price

US$38.34

Market Cap

US$3.5b

7D

3.0%

1Y

-17.5%

Updated

03 Jun, 2024

Data

Company Financials +

PNM Resources, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PNM Resources
Historical stock prices
Current Share PriceUS$38.34
52 Week HighUS$46.94
52 Week LowUS$34.63
Beta0.36
1 Month Change1.48%
3 Month Change2.54%
1 Year Change-17.46%
3 Year Change-21.71%
5 Year Change-22.78%
Change since IPO169.05%

Recent News & Updates

PNM Resources (NYSE:PNM) Has Announced A Dividend Of $0.3875

Apr 19
PNM Resources (NYSE:PNM) Has Announced A Dividend Of $0.3875

PNM Resources: Medium Term Growth Potential But Less Financial Flexibility

Apr 07

Recent updates

PNM Resources (NYSE:PNM) Has Announced A Dividend Of $0.3875

Apr 19
PNM Resources (NYSE:PNM) Has Announced A Dividend Of $0.3875

PNM Resources: Medium Term Growth Potential But Less Financial Flexibility

Apr 07

PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875

Apr 03
PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875

PNM Resources: No Merger, No Thank You

Jan 12

PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875

Jan 02
PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875

PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875

Dec 12
PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875

Is PNM Resources (NYSE:PNM) Using Too Much Debt?

Dec 07
Is PNM Resources (NYSE:PNM) Using Too Much Debt?

Returns On Capital At PNM Resources (NYSE:PNM) Have Stalled

Oct 27
Returns On Capital At PNM Resources (NYSE:PNM) Have Stalled

PNM Resources: Exciting Initiatives Is Boosting The Bottom Line

Sep 30

PNM Resources: Debate Hinges On Merger, Economic Value Absent Either Way

Sep 23

Calculating The Fair Value Of PNM Resources, Inc. (NYSE:PNM)

Sep 18
Calculating The Fair Value Of PNM Resources, Inc. (NYSE:PNM)

PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet

Aug 23
PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet

PNM Resources: High Valuation, Uncertain Backup Plan

Jun 14

PNM Resources (NYSE:PNM) Ticks All The Boxes When It Comes To Earnings Growth

May 20
PNM Resources (NYSE:PNM) Ticks All The Boxes When It Comes To Earnings Growth

Here's What To Make Of PNM Resources' (NYSE:PNM) Decelerating Rates Of Return

May 01
Here's What To Make Of PNM Resources' (NYSE:PNM) Decelerating Rates Of Return

PNM Resources' (NYSE:PNM) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 05
PNM Resources' (NYSE:PNM) Shareholders Will Receive A Bigger Dividend Than Last Year

PNM Resources beats FY top and bottom line estimates; narrows FY23 outlook

Feb 24

PNM Resources cut to Neutral at Mizuho on likelihood of Avangrid deal close

Jan 09

PNM Resources' (NYSE:PNM) Upcoming Dividend Will Be Larger Than Last Year's

Jan 02
PNM Resources' (NYSE:PNM) Upcoming Dividend Will Be Larger Than Last Year's

PNM Resources reports Q3 earnings beat; raises FY22 and reaffirms FY23 guidance

Nov 04

PNM Resources declares $0.3475 dividend

Sep 16

PNM Resources Non-GAAP EPS of $0.57 beats by $0.04, revenue of $499.73M beats by $54.37M, affirms FY earning guidance

Aug 04

PNM Resources: Avangrid Merger Is Likely To Close

Jul 04

PNM Resources: Renewables Path Uncertain But Don't Bet On Merger

Feb 08

Avangrid-PNM merger deal wins OK from Nuclear Regulatory Commission

May 26

PNM Resources reports Q1 results

Apr 30

Does PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?

Mar 12
Does PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?

Shareholder Returns

PNMUS Electric UtilitiesUS Market
7D3.0%1.7%-0.6%
1Y-17.5%12.7%22.5%

Return vs Industry: PNM underperformed the US Electric Utilities industry which returned 12.7% over the past year.

Return vs Market: PNM underperformed the US Market which returned 22.5% over the past year.

Price Volatility

Is PNM's price volatile compared to industry and market?
PNM volatility
PNM Average Weekly Movement2.4%
Electric Utilities Industry Average Movement2.6%
Market Average Movement5.8%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.9%

Stable Share Price: PNM has not had significant price volatility in the past 3 months.

Volatility Over Time: PNM's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18821,635Pat Vincent-Collawnwww.pnmresources.com

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.

PNM Resources, Inc. Fundamentals Summary

How do PNM Resources's earnings and revenue compare to its market cap?
PNM fundamental statistics
Market capUS$3.46b
Earnings (TTM)US$79.99m
Revenue (TTM)US$1.83b

43.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PNM income statement (TTM)
RevenueUS$1.83b
Cost of RevenueUS$883.63m
Gross ProfitUS$948.37m
Other ExpensesUS$868.37m
EarningsUS$79.99m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.89
Gross Margin51.77%
Net Profit Margin4.37%
Debt/Equity Ratio202.1%

How did PNM perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

165%

Payout Ratio
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