PNM - PNM Resources, Inc.
| Previous Close | 50.10 |
| Open | 50.07 |
| Bid | 50.11 x 800 |
| Ask | 50.14 x 800 |
| Day's Range | 50.03 - 50.60 |
| 52 Week Range | 37.67 - 52.10 |
| Volume | 186,346 |
| Avg. Volume | 373,348 |
| Market Cap | 3.993B |
| Beta (3Y Monthly) | 0.34 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.32 |
| Earnings Date | Nov 1, 2019 |
| Forward Dividend & Yield | 1.16 (2.31%) |
| Ex-Dividend Date | 2019-08-05 |
| 1y Target Est | 49.33 |
- PR Newswire
PNM Declares Preferred Dividend
ALBUQUERQUE, N.M. , Sept. 11, 2019 /PRNewswire/ -- 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 ...
- Simply Wall St.
Does PNM Resources, Inc.'s (NYSE:PNM) CEO Pay Matter?
Pat Vincent-Collawn has been the CEO of PNM Resources, Inc. (NYSE:PNM) since 2010. First, this article will compare...
- Thomson Reuters StreetEvents
Edited Transcript of PNM earnings conference call or presentation 2-Aug-19 3:00pm GMT
Q2 2019 PNM Resources Inc Earnings Call
- 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.
Motley FoolPNM Resources Inc (PNM) Q2 2019 Earnings Conference Call Transcript
PNM earnings call for the period ending June 30, 2019.
- 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 ...
- Simply Wall St.
Is PNM Resources (NYSE:PNM) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
- PR Newswire
PNM Resources Board Declares Quarterly Common Stock Dividend
ALBUQUERQUE, N.M. , July 23, 2019 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.29 per share on the ...
- PR Newswire
PNM Resources to Announce 2019 Second Quarter Earnings on August 2
ALBUQUERQUE, N.M. , July 15, 2019 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2019 second quarter financial results prior to the market opening on Friday, August 2, 2019 . The earnings news ...
- MarketWatch
PNM Resources' stock set to selloff after profit warning
Shares of PNM Resources Inc. were indicated down nearly 3% in premarket trading Friday, after the electric utilities company cut its profit guidance for the second quarter and the full year, citing "substantially milder temperatures" in New Mexico. PNM lowered its Q2 earnings-per-share estimate to 36 cents to 38 cents from 57 cents to 59 cents, well below the FactSet consensus of 62 cents. The 2019 EPS guidance range was lowered to $2.05 to $2.11 from $2.10 to $2.20, versus the FactSet consensus of $2.15. "The PNM service territory experienced its mildest second quarter over the last 19 years, resulting in 37% lower cooling degree-days and lower expectations for second quarter ongoing earnings," the company said in a statement. PNM's stock has rallied 22.7% year to date through Thursday, while the SPDR Utilities Select Sector ETF has climbed 15.3% and the S&P 500 has advanced 19.7%.
- PR Newswire
PNM Resources Revises 2019 Earnings Guidance, Management to Meet with Investors
Weather Dampens Q2 Results and Full Year Expectations ALBUQUERQUE , July 12, 2019 /PRNewswire/ -- PNM Resources (NYSE: PNM) today revised its 2019 consolidated ongoing earnings guidance (a non-GAAP financial ...
- Simply Wall St.
Here's Why We Think PNM Resources (NYSE:PNM) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- PR Newswire
PNM Files Consolidated Application for San Juan Generating Station
Application Requests Approval of Abandonment, Securitization and Replacement Power ALBUQUERQUE, N.M. , July 1, 2019 /PRNewswire/ -- PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources, ...
- Insider Monkey
Is PNM Resources, Inc. (PNM) A Good Stock To Buy?
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
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PNM Resources (PNM) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes? Let's find out.
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- Simply Wall St.
The PNM Resources (NYSE:PNM) Share Price Is Up 75% And Shareholders Are Holding On
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
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This is Why PNM Resources (PNM) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes? Let's find out.
- Zacks
Reasons to Add PNM Resources (PNM) to Your Portfolio Now
PNM Resources (PNM) is a promising pick for investors, courtesy of these four factors.
- Zacks
Near-Term Outlook Bleak for Electric Power Stocks
Near-Term Outlook Bleak for Electric Power Stocks
- InvestorPlace
7 Utility Stocks to Trust for Retirement
Utility stocks include companies that provide essential services -- electricity, energy and water -- to communities across the U.S. Because doing this in a country as big as the U.S. is no mean feat, most states have one or two exclusive providers. For this monopoly power, the utilities are regulated not only by the state government but also by the federal government.Their rates are set and their growth plans have to be approved by state regulators since utilities' expansion plans are generally funded by their customer bases.In return for reining in their operations, the state provides a healthy annual growth target for the utilities and also allows them to operate unregulated businesses that can sell power to customers in the open market. This gives utilities good avenues for profits above and beyond their regular business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat investors get are rock-solid companies that have no trade war drama attached to them, only growing demand for electricity and reliable dividends to add to their capital gains. * 10 Names That Are Screaming Stocks to Buy The seven utility stocks to trust for retirement below are all A-rated in my Portfolio Grader for momentum. That means the smart money is starting to roll in and will continue to as global growth and tech stocks lose their shine. PNM Resources Inc (PNM)PNM Resources Inc (NYSE:PNM) is an electric utility that operates in Texas and New Mexico.While this doesn't seem to be a top place to get into the power business, just remember two words: Permian Basin.The Permian is one of the hottest oil and gas regions in the U.S. today. There is a huge amount of activity going on there now and housing is going up to hold all the workers and supply them with what they need, and want.Tales of waitresses earning $15 an hour and oil workers in the six digits is already happening and the boom is just starting.That spells huge growth for PNM, since it's selling all this new power to the industry and all the businesses that are coming to the region.This explains why PNM is up more that 20% in the past 12 months, which is a pretty nice run for a utility. Its 2.4% dividend may not be spectacular, but right now, this is about the safest energy play around for long-term investors. Evergy Inc (EVRG)Evergy Inc (NYSE:EVRG) is a classic example of a solid energy company that posts reliable returns and delivers a solid dividend. It's the poster child for compounding.Having started its life as Kansas City Power & Light and serving the Kansas market for many years, in 2018 it merged with Westar Energy. Now it has 1.6 million customers in both Kansas and Missouri.This merger will help EVRG grow its base and exercise greater efficiencies that will help it squeeze more profit from its production. * 10 Small-Cap Stocks That Look Like Bargains The stock is up 6% in the past year and delivers a solid 3.1% dividend, which adds up to a steady near-10% growth return annually. That's a lot better than a money market or a CD without taking on a great deal of risk. Middlesex Water (MSEX)Middlesex Water Co (NASDAQ:MSEX) is a water utility. There aren't a lot of these, but they had a run in the 1990s when the economy was weak and municipalities were finding it hard to run and maintain their water systems.After some consolidation over the years, MSEX remains a long dependable player in the sector. Basically, instead of a city or county managing water resources -- wastewater, filtration, distribution, maintenance, etc. -- they contract out the work to MSEX.It currently operates in New Jersey, Delaware and Pennsylvania and has been doing so since 1897.This is an enduring business, because, like electricity, potable water and wastewater management are crucial to operating a city or town. But it's generally overlooked by Wall Street.That's good news for us. Although a few investors have seen the opportunity here since the stock is up 40% in the past year. Its dividend comes in just shy of 1.6%.With the U.S. in a steady growth mode, that's good news for local governments and that's good news for MSEX. Exelon Corp (EXC)Exelon Corp (NYSE:EXC) is a $36 billion utilities network that operates throughout the United States supporting existing utilities as well as operating power generation, marketing and delivery businesses.Instead of having a traditional home market, EXC moves into markets where the current utility isn't able to manage its base or can't find a way to make it.For example, in Washington, D.C., Potomac Gas & Electric was having a hard time balancing its growing demand with its ability to deliver electricity efficiently. EXC took over the utility and because of its scale, could modernize and upgrade the aging utility.The company's flexibility to run or help support utilities is a unique part of EXC's strategy. And it has been working. * Top 7 Service Sector Stocks That Will Pay You to Own Them The stock is up almost 23% in the past year and it delivers a reliable 2.9% dividend. And there are still plenty of opportunities out there. Sempra Energy (SRE)Sempra Energy (NYSE:SRE) is another hybrid energy company. It has utility operations in the U.S. -- San Diego Gas & Electric and Southern California Gas Company -- but it also has a variety of other operations that fall more on the unregulated energy side.For example, it has natural gas pipelines in the South and Southeast. It has a division that focuses on generating renewable energy in the Midwest that it distributes around the country. It also has significant operations in Latin America, supplying infrastructure equipment and gas utilities operations.It also just signed an agreement with Saudi Arabia to provide 5 million tons of liquified natural gas (LNG) to the kingdom for the next 20 years out of the Port Arthur, Texas LNG export terminal when it's completed.Its exposure to the natural gas market, especially the export sector makes this a great choice for anyone interested in stepping into the energy patch without all the volatility that would go along with a dedicated natural gas exploration and production company.Up 28% in the past 12 months and still delivering a 2.8% dividend, this is a great long-term play on growing energy demand. Duke Energy Corp (DUK)Duke Energy Corp (NYSE:DUK) has been delivering power to the people of the Carolinas and beyond since 1900. Today, it remains a classic example of the traditional energy utility that has grown up with the region and has great relations with its state regulators.Today, DUK has operations in the Carolinas -- it started and is based in North Carolina -- as well as Florida, Indiana and Ohio. It has also developed a strong group of unregulated energy businesses that help add a little juice to earnings.While there are some legacy challenges that come along with a utility that has been around so long, they're not as challenging for DUK because it has such a long history with regulators. Plus, its former longtime CEO Jim Rogers was very far-sighted when it came to investing in renewable energy and a decentralized grid. * The 7 Best Penny Stocks to Buy And remember, the Research Triangle in North Carolina is the Silicon Valley of the East, so there's plenty of growth in its backyard. Up 17% in the past year and delivering a 4.1% dividend, this is a blue chip utility. Southwest Gas Holdings (SWX)Southwest Gas Holdings Inc (NYSE:SWX) represents a pure play on the natural gas sector.Coal was the traditional fuel for most utilities' power plants but as natural gas supply has grown in the U.S. and environmental laws became stricter, cleaner burning and cheap natural gas became increasingly popular.Now, natural gas is the go-to fuel for most utilities and large companies. SWX focuses its operations in Nevada, Arizona and California. It also has distribution channels to supply other customers around the U.S., but the lion's share of its business comes from these states.The natural gas focus is a good way to diversify these long-term picks, since each region and each piece of the grid brings on its own challenges and opportunities. The natural gas market should continue to grow for many years to come and as tensions in Asia and the Middle East grow, an accessible supply of domestic natural gas becomes a prized asset.SWX is up almost 19% in the past year and delivers a dependable 2.5% dividend. That is a great return for a "boring" utility stock.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 7 Utility Stocks to Trust for Retirement appeared first on InvestorPlace.
- Zacks
Are You Looking for a High-Growth Dividend Stock? PNM Resources (PNM) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes? Let's find out.
- Zacks
What Makes PNM Resources (PNM) a Strong Momentum Stock: Buy Now?
Does PNM Resources (PNM) have what it takes to be a top stock pick for momentum investors? Let's find out.
