PNM - PNM Resources, Inc.

NYSE - NYSE Delayed Price. Currency in USD
41.38
+0.64 (+1.57%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Inside Bar (Bearish)

Inside Bar (Bearish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close40.74
Open41.73
Bid41.56 x 900
Ask199,999.98 x 800
Day's Range41.34 - 42.80
52 Week Range27.08 - 56.14
Volume522,898
Avg. Volume759,606
Market Cap3.296B
Beta (5Y Monthly)0.22
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.23 (3.02%)
Ex-Dividend DateApr 30, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Near Fair Value
-0% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
All
News
Press Releases
  • PNM Resources Affirms 2020 Ongoing Earnings Guidance, Discusses COVID-19, Regulatory and Economic Development Updates
    PR Newswire

    PNM Resources Affirms 2020 Ongoing Earnings Guidance, Discusses COVID-19, Regulatory and Economic Development Updates

    PNM Resources (NYSE: PNM) management will meet with analysts and investors virtually this week. During the meetings, management is expected to discuss COVID-19, regulatory and economic development updates, including:

  • PNM Resources Affirms Guidance and Discusses COVID-19 Updates, PNM to File Decoupling in Lieu of Planned Rate Review
    PR Newswire

    PNM Resources Affirms Guidance and Discusses COVID-19 Updates, PNM to File Decoupling in Lieu of Planned Rate Review

    PNM Resources (NYSE: PNM) will discuss COVID-19 updates today during its previously scheduled first quarter 2020 earnings call.

  • Texas-New Mexico Power (TNMP) Closes on First Mortgage Bond Financing
    PR Newswire

    Texas-New Mexico Power (TNMP) Closes on First Mortgage Bond Financing

    PNM Resources (NYSE: PNM) announces the closing of a private offering for an aggregate $185 million of First Mortgage Bonds at its wholly-owned subsidiary Texas New-Mexico Power (TNMP). $110 million of First Mortgage Bonds were issued April 24, 2020 and the remaining $75 million will be issued on or before July 15, 2020. The securities have various maturity dates at a weighted-average tenor of 19 years and a weighted-average rate of 3.01%.

  • PNM Resources to Host Virtual 2020 Annual Meeting of Shareholders
    PR Newswire

    PNM Resources to Host Virtual 2020 Annual Meeting of Shareholders

    PNM Resources, Inc. (NYSE:PNM) (the "Company") today announced that the Company's Annual Meeting of Shareholders (the "Annual Meeting") will be held in a virtual meeting format only, on the previously announced date and time of Tuesday, May 12, 2020 at 9:00 a.m. Mountain Daylight Time.

  • PNM Resources Reports First Quarter Results
    PR Newswire

    PNM Resources Reports First Quarter Results

    PNM Resources (In millions, except EPS)

  • PNM Resources Management to Meet with Investors
    PR Newswire

    PNM Resources Management to Meet with Investors

    PNM Resources (NYSE: PNM) management will meet with analysts and investors virtually this week.

  • PNM Announces Continued Progress in Energy Portfolio Transition
    PR Newswire

    PNM Announces Continued Progress in Energy Portfolio Transition

    Today the New Mexico Public Regulation Commission (NMPRC) unanimously approved an order for the abandonment and securitization of the San Juan Generating Station (San Juan) under the Energy Transition Act (ETA). PNM, the wholly owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), filed on July 1, 2019 a consolidated application requesting the abandonment of San Juan in June 2022 upon the expiration of the participation and coal supply agreements, securitization of the unrecovered investment in the plant and approvals for replacement power resources. The request for approvals of replacement power resources was separated into a separate NMPRC docket.

  • PNM Resources Management to Meet with Investors, Discuss COVID-19 Impacts
    PR Newswire

    PNM Resources Management to Meet with Investors, Discuss COVID-19 Impacts

    PNM Resources (NYSE: PNM) management will meet with analysts virtually today as part of the Mizuho Energy Summit.

  • PNM Declares Preferred Dividend
    PR Newswire

    PNM Declares Preferred Dividend

    The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2020 to shareholders of record at the close of business April 3, 2020.

  • PNM Resources Reports Fourth Quarter and Year-End Results
    PR Newswire

    PNM Resources Reports Fourth Quarter and Year-End Results

    PNM Resources (In millions, except EPS)

  • PNM Resources Board Declares Quarterly Common Stock Dividend
    PR Newswire

    PNM Resources Board Declares Quarterly Common Stock Dividend

    At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3075 per share on the company's common stock. The dividend is payable May 15, 2020, to shareholders of record at the close of business May 1, 2020.

  • PNM Resources to Announce 2019 Fourth Quarter and Year-End Earnings on February 28
    PR Newswire

    PNM Resources to Announce 2019 Fourth Quarter and Year-End Earnings on February 28

    PNM Resources (NYSE: PNM) will announce 2019 fourth quarter and year-end financial results prior to the market opening on Friday, February 28, 2020. The earnings news release will be issued at 6:30 a.m. Eastern and also will be posted on the company's website at www.PNMResources.com.

  • New Mexico Supreme Court Ruling Confirms Applicability of Energy Transition Act To PNM Filing
    PR Newswire

    New Mexico Supreme Court Ruling Confirms Applicability of Energy Transition Act To PNM Filing

    Today the New Mexico Supreme Court ruled on a joint Emergency Verified Petition from New Mexico Governor Lujan Grisham, Navajo Nation President Jonathan Nez, Speaker of the New Mexico House of Representatives Brian Egolf and other New Mexico lawmakers to provide clarification about the applicability of the Energy Transition Act (ETA) to PNM's application for San Juan Generating Station abandonment, securitization and replacement power.

  • PNM Resources Affirms Ongoing Earnings Guidance
    PR Newswire

    PNM Resources Affirms Ongoing Earnings Guidance

    Following its common equity offering earlier this week, PNM Resources (NYSE: PNM) management has affirmed its 2019 consolidated earnings guidance of $2.13 to $2.16 per diluted share and 2020 consolidated earnings guidance of $2.16 to $2.26 per diluted share.

  • PNM Resources Announces Pricing of Upsized Common Stock Offering with a Forward Component
    PR Newswire

    PNM Resources Announces Pricing of Upsized Common Stock Offering with a Forward Component

    PNM Resources (NYSE: PNM) announced today it has priced an underwritten public offering of 5,375,000 shares of its common stock for approximate gross proceeds of $260.7 million in connection with the forward sale agreements described below. The offering was upsized from the previously announced 4,900,000 shares of common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with such forward sale agreements. Citigroup, BofA Securities, Wells Fargo Securities, LLC and Evercore Group L.L.C. are acting as the joint book-running managers for this offering and Citigroup and BofA Securities are acting as representatives of the underwriters of the offering. The underwriters may offer shares of PNM Resources' common stock in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices, at prices related to market prices or at negotiated prices. Closing of the offering is expected to occur on or about January 10, 2020, subject to customary closing conditions.

  • PNM Resources Announces Public Offering of Common Stock with a Forward Component
    PR Newswire

    PNM Resources Announces Public Offering of Common Stock with a Forward Component

    PNM Resources (NYSE: PNM) announced today the commencement of an underwritten public offering of 4,900,000 shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Citigroup, BofA Securities, Wells Fargo Securities, LLC and Evercore Group L.L.C. are acting as the joint book-running managers for this offering and Citigroup and BofA Securities are acting as representatives of the underwriters of the offering. The underwriters may offer shares of PNM Resources' common stock in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices, at prices related to market prices or at negotiated prices.

  • PNM Resources Announces 2020 Ongoing Earnings Guidance, Raises 2019 Ongoing Earnings Guidance
    PR Newswire

    PNM Resources Announces 2020 Ongoing Earnings Guidance, Raises 2019 Ongoing Earnings Guidance

    PNM Resources (NYSE: PNM) management announces the company's 2020 ongoing earnings guidance of $2.16 to $2.26 per diluted share. In addition, management raises its 2019 consolidated ongoing earnings guidance to $2.13 to $2.16 per diluted share.

  • PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend
    PR Newswire

    PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend

    The Board of Directors of PNM Resources (NYSE: PNM) today unanimously voted to increase the company's annual dividend payment by $0.07, a 6.0 percent increase, to an indicated annual rate of $1.23 per share of common stock. This is consistent with the company's target to pay out 50 to 60 percent of annual ongoing earnings. The board has declared the resulting quarterly stock dividend of $0.3075 per share, payable February 14, 2020, to shareholders of record at the close of business February 3, 2020.

  • PNM Resources Reports Third Quarter Results
    PR Newswire

    PNM Resources Reports Third Quarter Results

    2019 Ongoing Earnings Guidance Affirmed, Conference call set for 11 a.m. Eastern today ALBUQUERQUE, N.M. , Nov. 1, 2019 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q3 2019 Q3 2018 YTD 2019 ...

  • PNM Resources CEO Recognized with Governor's New Mexico Distinguished Public Service Award
    PR Newswire

    PNM Resources CEO Recognized with Governor's New Mexico Distinguished Public Service Award

    ALBUQUERQUE, N.M., Oct. 14, 2019 /PRNewswire/ -- PNM Resources, Inc. (PNM) Chairman, President and CEO, Pat Vincent-Collawn, was awarded the Governor's New Mexico Distinguished Public Service Award for her exceptional contributions to public service and the community. Led by Governor Lujan Grisham and Mr. Sherman McCorkle, President and CEO of Technology Ventures Corporation, this year marks the 50th anniversary of the awards. "Pat's contributions toward the state's environmental future and economic development and her impacts on local community needs are immeasurable.

  • PNM Resources to Announce 2019 Third Quarter Earnings on November 1
    PR Newswire

    PNM Resources to Announce 2019 Third Quarter Earnings on November 1

    ALBUQUERQUE, N.M. , Oct. 11, 2019 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2019 third quarter financial results prior to the market opening on Friday, November 1, 2019 . The earnings news ...

  • New Mexico Supreme Court Declines to Rule on Applicability of Energy Transition Act
    PR Newswire

    New Mexico Supreme Court Declines to Rule on Applicability of Energy Transition Act

    ALBUQUERQUE, N.M. , Oct. 3, 2019 /PRNewswire/ -- Today the New Mexico Supreme Court denied a joint petition from PNM, the wholly owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), along ...

  • Western Spirit Transmission Project Acquisition Receives Regulatory Approvals
    PR Newswire

    Western Spirit Transmission Project Acquisition Receives Regulatory Approvals

    ALBUQUERQUE, N.M., Oct. 2, 2019 /PRNewswire/ -- PNM, the wholly owned New Mexico utility subsidiary of PNM Resources (PNM), today received New Mexico Public Regulation Commission (NMPRC) approval to acquire the Western Spirit transmission project from an affiliate of Pattern Energy Group 2 LP ("Pattern Development") and the New Mexico Renewable Energy Transmission Authority ("NM RETA"). The acquisition was previously approved by the Federal Energy Regulatory Commission, including approval of PNM's requested incremental wholesale transmission rate.

  • PNM Resources Management to Meet with Investors 2019 ongoing earnings guidance to be affirmed during meetings
    PR Newswire

    PNM Resources Management to Meet with Investors 2019 ongoing earnings guidance to be affirmed during meetings

    During the meetings, management is expected to affirm the company's 2019 consolidated earnings guidance of $2.05 to $2.11 per diluted share. Presentation materials are available on the company's website at http://www.pnmresources.com/investors/events.cfm. PNM Resources (PNM) is an energy holding company based in Albuquerque, N.M., with 2018 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,681 megawatts of generation capacity and provides electricity to more than 781,000 homes and businesses in New Mexico and Texas.

  • PNM Resources Reports Second Quarter Results
    PR Newswire

    PNM Resources Reports Second Quarter Results

    2019 Ongoing Earnings Guidance Affirmed, Conference call set for 11 a.m. Eastern today ALBUQUERQUE, N.M. , Aug. 2, 2019 /PRNewswire/ --   PNM Resources (In millions, except EPS) Q2 2019 Q2 2018 YTD 2019 ...