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PNM

PNM - PNM Resources Inc Stock Price, Fair Value and News

36.22USD-0.69 (-1.87%)Market Closed

Market Summary

PNM
USD36.22-0.69
Market Closed
-1.87%

PNM Stock Price

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PNM RSI Chart

PNM Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

30.57

Price/Sales (Trailing)

1.68

EV/EBITDA

11.83

Price/Free Cashflow

5.93

PNM Price/Sales (Trailing)

PNM Profitability

EBT Margin

4.67%

Return on Equity

4.55%

Return on Assets

1.04%

Free Cashflow Yield

16.87%

PNM Fundamentals

PNM Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

-28.43%

Rev. Growth (Qtr)

-18.53%

PNM Earnings

Earnings (TTM)

106.9M

Earnings Growth (Yr)

-327.51%

Earnings Growth (Qtr)

-206.57%

Breaking Down PNM Revenue

Last 7 days

-2.6%

Last 30 days

-1.9%

Last 90 days

-2.6%

Trailing 12 Months

-25.9%

How does PNM drawdown profile look like?

PNM Financial Health

Current Ratio

0.39

Debt/Equity

1.81

Debt/Cashflow

0.13

PNM Investor Care

Dividend Yield

3.98%

Dividend/Share (TTM)

1.49

Shares Dilution (1Y)

5.09%

Diluted EPS (TTM)

1.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.3B2.3B2.1B1.9B
20221.9B1.9B2.1B2.2B
20211.6B1.6B1.7B1.8B
20201.4B1.5B1.5B1.5B
20191.5B1.4B1.5B1.5B
20181.4B1.4B1.4B1.4B
20171.3B1.4B1.4B1.4B
20161.4B1.4B1.4B1.4B
20151.4B1.4B1.5B1.4B
20141.4B1.4B1.4B1.4B
20131.4B1.4B1.4B1.4B
20121.6B1.5B1.4B1.3B
20111.7B1.7B1.7B1.7B
20101.6B1.6B1.7B1.7B
200901.9B1.8B1.6B
20080002.0B
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Tracking the Latest Insider Buys and Sells of PNM Resources Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 07, 2024
apodaca patrick v
sold (taxes)
-35,211
37.74
-933
svp, gen counsel & secy
Mar 07, 2024
eden elisabeth a
sold (taxes)
-22,832
37.74
-605
svp, cfo & treasurer
Mar 07, 2024
bischoff gerald r
acquired
-
-
437
vp and corporate controller
Mar 07, 2024
bischoff gerald r
sold (taxes)
-5,925
37.74
-157
vp and corporate controller
Mar 07, 2024
tarry joseph don
sold (taxes)
-54,345
37.74
-1,440
president and coo
Mar 07, 2024
apodaca patrick v
acquired
-
-
2,060
svp, gen counsel & secy
Mar 07, 2024
collawn patricia k
sold (taxes)
-287,805
37.74
-7,626
chairman and ceo
Mar 07, 2024
collawn patricia k
acquired
-
-
16,849
chairman and ceo
Mar 07, 2024
eden elisabeth a
acquired
-
-
1,334
svp, cfo & treasurer
Mar 07, 2024
tarry joseph don
acquired
-
-
3,178
president and coo

1–10 of 50

Which funds bought or sold PNM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 11, 2024
Fortitude Family Office, LLC
sold off
-100
-3,203
-
-%
Apr 10, 2024
SOA Wealth Advisors, LLC.
unchanged
-
-99.00
941
-%
Apr 09, 2024
Rise Advisors, LLC
new
-
19,610
19,610
0.01%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
added
436
9,293
11,706
-%
Apr 05, 2024
FIRST HAWAIIAN BANK
new
-
240,858
240,858
0.01%
Apr 05, 2024
NBC SECURITIES, INC.
new
-
2,192,000
2,192,000
0.21%
Apr 05, 2024
GAMMA Investing LLC
added
106
16,755
31,392
0.01%
Apr 05, 2024
CWM, LLC
added
3.47
-12,000
172,000
-%
Apr 04, 2024
MOODY NATIONAL BANK TRUST DIVISION
unchanged
-
-67,090
637,697
0.05%
Apr 03, 2024
Versant Capital Management, Inc
added
119
3,948
7,942
-%

1–10 of 49

Are Funds Buying or Selling PNM?

Are funds buying PNM calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PNM
No. of Funds

Unveiling PNM Resources Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
10.87%
9,330,930
SC 13G/A
Jan 23, 2024
blackrock inc.
13.1%
11,257,732
SC 13G/A
Feb 09, 2023
vanguard group inc
10.79%
9,263,532
SC 13G/A
Jan 23, 2023
blackrock inc.
12.8%
11,029,507
SC 13G/A
Jul 05, 2022
gamco investors, inc. et al
2.36%
2,029,796
SC 13D/A
Feb 09, 2022
vanguard group inc
10.18%
8,735,785
SC 13G/A
Jan 28, 2022
blackrock inc.
12.3%
10,543,538
SC 13G/A
May 10, 2021
vanguard group inc
10.02%
8,597,614
SC 13G/A
Feb 10, 2021
vanguard group inc
9.84%
7,840,911
SC 13G/A
Feb 05, 2021
blackrock inc.
11.6%
9,222,573
SC 13G/A

Recent SEC filings of PNM Resources Inc

View All Filings
Date Filed Form Type Document
Apr 12, 2024
PRE 14A
PRE 14A
Apr 01, 2024
8-K
Current Report
Mar 28, 2024
8-K
Current Report
Mar 27, 2024
8-K
Current Report
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 06, 2024
8-K
Current Report

Peers (Alternatives to PNM Resources Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
42.6B
19.0B
-1.07% -12.62%
19.26
2.24
-3.35% -4.03%
22.7B
4.2B
-3.27% -23.29%
24.06
5.36
11.66% 15.12%
19.1B
7.5B
-0.90% -20.37%
16.51
2.55
-5.74% 7.23%
17.2B
3.9B
-1.94% -0.32%
18.58
4.35
-15.47% 16.09%
15.4B
28.8B
18.40% 105.88%
-76.13
0.53
-8.62% -116.54%
13.8B
8.3B
0.48% -11.71%
17.59
1.66
4.87% -10.78%
12.0B
12.7B
6.98% -33.05%
59.99
0.94
0.40% 141.39%
2.3B
670.6M
-1.85% -21.38%
26.01
3.38
-1.48% -2.88%
MID-CAP
8.2B
4.7B
1.08% -9.35%
15.79
1.74
8.59% 3.59%
3.4B
1.9B
1.00% -9.43%
13.59
1.79
19.68% 30.53%
2.7B
1.7B
-0.76% -23.20%
15.52
1.53
2.36% 10.31%
SMALL-CAP
389.8M
180.2M
-12.80% 41.46%
13.11
2.16
91.50% 388.02%
155.6M
2.0M
-11.11% -53.60%
-4.95
77.41
33.96% -26.84%
34.9M
436.8M
-0.37% -34.77%
2.33
0.08
-5.23% 97.61%
10.6M
-
4.72% -13.64%
-14.18
12.3
-88.45% 83.25%

PNM Resources Inc News

Latest updates
Yahoo Canada Shine On31 hours ago
Yahoo Lifestyle UK09 Apr 202410:46 am
Simply Wall St03 Apr 202412:00 pm
PR Newswire01 Mar 202408:00 am

PNM Resources Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-18.5%412506477544576730500444434555427365359472358334344434330350344
Operating Expenses------------------1.001.00--
  S&GA Expenses3.1%60.0058.0054.0055.0062.0058.0051.0056.0062.0057.0052.0059.0068.0052.0050.0046.0046.0048.0043.0052.0047.00
EBITDA Margin-4.0%0.33*0.34*0.34*0.32*0.30*0.31*0.33*0.36*0.37*0.39*0.41*----------
Interest Expenses7.7%54.0050.0046.0041.0038.0035.0029.0026.0024.0023.0024.0026.0026.0027.0031.0030.0029.0030.0030.0032.0030.00
Income Taxes-452.3%-29.09-5.278.0010.009.0013.001.002.006.0017.008.002.006.0012.004.00-1.887.009.00-42.831.00-11.06
Earnings Before Taxes-298.7%-74.8338.0058.0070.0029.0014020.0022.0021.0013466.0023.0018.0013866.00-13.2843.00116-11523.00-62.60
EBT Margin-49.6%0.05*0.09*0.13*0.11*0.09*0.10*0.10*0.13*0.14*0.14*0.15*----------
Net Income-206.6%-45.7343.0049.0060.0020.0012719.0019.0015.0011858.0021.009.0012562.00-11.4032.00103-75.9119.00-55.08
Net Income Margin-32.9%0.06*0.08*0.11*0.10*0.08*0.09*0.09*0.11*0.12*0.12*0.13*----------
Free Cashflow-18.6%13917011113214021010111713923488.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets2.0%10,25310,0519,6279,3539,2579,0298,9118,7288,6678,2568,1207,9437,9407,7427,5747,3757,2997,2017,0497,2516,866
  Current Assets-2.8%476489405352411410370301325448392328377378327288294341299457303
    Cash Equivalents-71.5%2.008.008.004.004.006.003.004.001.0049.0018.008.0048.0031.003.0016.004.0020.004.001802.00
  Inventory17.6%98.0083.0081.0064.0067.0065.0075.0070.0065.0067.0062.0062.0066.0067.0070.0074.0078.0078.0074.0068.0072.00
  Goodwill0%278278278278278278278278278278278278278278278227278278278278278
Liabilities1.1%7,8427,7537,3027,0777,0016,7626,7146,5466,4326,0435,9645,8445,8205,8985,8075,6765,5455,4545,3625,4925,101
  Current Liabilities-16.8%1,2311,4791,1081,1958906668946736644756361,5119781,2521,2661,115967946667664512
  Short Term Borrowings-35.4%26240632740923260.0026686.0063.0014.0092.0019832.00184253301185290342224236
  Long Term Debt8.7%4,2423,9033,9283,6683,8933,8943,5733,6203,5203,3963,1862,2052,7202,5102,4372,4692,5172,4672,6722,7722,670
    LT Debt, Current-44.2%2805024224101851852601791791042501,011576780779540490385100172-
    LT Debt, Non Current8.7%4,2423,9033,9283,6683,8933,8943,5733,6203,5203,3963,1862,2052,7202,5102,4372,4692,5172,4672,6722,7722,670
Shareholder's Equity5.1%2,3492,2352,3142,2652,1922,2562,1862,1702,2232,2012,1452,0882,1081,8331,7561,6881,7421,7351,6751,7471,753
  Retained Earnings-9.8%787872898852829845782767810799742688699718645588628620564640644
  Additional Paid-In Capital5.1%846805805805805805737737737737737685685614614614614534534534534
Shares Outstanding0%86.0086.0086.0086.0086.0086.0086.0086.0086.0086.0086.0086.00---------
Minority Interest-2.4%50.0051.0051.0053.0053.0054.0054.0054.0055.0056.0057.0057.0059.0059.0060.0060.0063.0064.0063.0063.0064.00
Float---3,871---4,101---4,186---3,062---4,055--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-18.6%138,567170,161110,942131,501139,788209,632101,254116,610139,361233,94988,08686,477117,743202,17571,98393,799151,907179,39167,181104,684111,329
  Share Based Compensation-13.7%1,3191,5288533,4901,8531,1561,7643,0522,7181,0161,4934,2191,5811,3301,4293,8019908981,2693,2572,569
Cashflow From Investing1.8%-276,529-281,614-278,830-251,433-238,922-232,237-267,324-211,864-448,481-165,375-163,947-174,455-206,429-160,143-214,388-152,839-189,605-172,182-160,209-151,902-149,197
Cashflow From Financing20.2%134,137111,581171,396119,98697,59024,743165,16598,539260,743-37,55086,79747,571105,721-13,962128,97971,45621,4378,659-82,834225,1845,026
  Dividend Payments0%31,67631,67631,67631,67729,96029,96029,95929,96028,24328,24328,24328,24324,62624,62524,62624,62523,23123,23223,23123,232-
  Buy Backs15.4%15.0013.001,2248,3941342218906,73548.001299269,027--48611,49821.005.009568,936130

PNM Income Statement

2023-12-31
Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Electric Operating Revenues$ 1,939,198$ 2,249,555$ 1,779,873
Operating Expenses:   
Administrative and general227,900227,149230,292
Regulatory disallowances and restructuring costs71,9238321,194
Depreciation and amortization319,503304,853284,107
Transmission and distribution costs98,72194,68481,335
Taxes other than income taxes95,94092,98986,008
Total operating expenses1,707,8581,855,7951,471,720
Operating income231,340393,760308,153
Other Income and Deductions:   
Interest income21,96316,09514,662
(Gains) losses on investment securities19,246(78,357)16,850
Other income24,20421,60120,200
Other (deductions)(15,869)(13,881)(18,559)
Net other income and (deductions)49,544(54,542)33,153
Interest Charges190,355127,90896,877
Earnings before Income Taxes90,529211,310244,429
Income Taxes (Benefits)(16,350)26,13032,582
Net Earnings106,879185,180211,847
(Earnings) Attributable to Valencia Non-controlling Interest(18,533)(15,122)(15,490)
Preferred Stock Dividends Requirements(528)(528)(528)
Net Earnings Attributable to PNMR$ 87,818$ 169,530$ 195,829
Net Earnings Attributable to PNMR per Common Share:   
Basic (in dollars per share)$ 1.02$ 1.97$ 2.28
Diluted (in dollars per share)$ 1.02$ 1.97$ 2.27
Electricity   
Electric Operating Revenues$ 1,939,198$ 2,249,555$ 1,779,873
Operating Expenses:   
Cost of energy and production costs802,261987,941644,853
Electricity, Generation   
Operating Expenses:   
Cost of energy and production costs$ 91,610$ 147,347$ 143,931

PNM Balance Sheet

2023-12-31
Consolidated Balance Sheets - PNMR - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:  
Cash and cash equivalents$ 2,215$ 4,078
Accounts receivable, net of allowance for credit losses of $3,388 and $4,925126,291183,669
Unbilled revenues64,07263,473
Other receivables76,50920,320
Materials, supplies, and fuel stock98,03466,733
Regulatory assets73,04620,265
Prepaid assets19,75918,465
Income taxes receivable6,6972,351
Other current assets8,92031,624
Total current assets475,543410,978
Other Property and Investments:  
Investment securities444,408417,476
Equity investment in NMRD119,57090,620
Other investments171177
Non-utility property, including financing leases29,36726,841
Total other property and investments593,516535,114
Utility Plant:  
Plant in service, held for future use, and to be abandoned9,701,1809,164,564
Less accumulated depreciation and amortization2,755,8232,659,952
Net plant in service and plant held for future use6,945,3576,504,612
Construction work in progress589,834372,988
Nuclear fuel, net of accumulated amortization of $35,840 and $43,98574,67195,223
Net utility plant7,609,8626,972,823
Deferred Charges and Other Assets:  
Regulatory assets914,381846,686
Goodwill278,297278,297
Operating lease assets, net of amortization182,20155,982
Other deferred charges198,805157,497
Total deferred charges and other assets1,573,6841,338,462
Total assets10,252,6059,257,377
Current Liabilities:  
Short-term debt261,900232,000
Current installments of long-term debt (includes $2,529 and $0 related to ETBC I)280,169184,793
Accounts payable205,175215,708
Customer deposits6,2376,117
Accrued interest and taxes98,65576,783
Regulatory liabilities140,00517,002
Operating lease liabilities12,26718,781
Dividends declared35,08531,676
Transmission interconnection arrangement liabilities96,87020,473
Other current liabilities94,39787,037
Total current liabilities1,230,760890,370
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $338,521 and $0 related to ETBC I)4,241,6423,892,594
Deferred Credits and Other Liabilities:  
Accumulated deferred income taxes845,280822,831
Regulatory liabilities771,317755,202
Asset retirement obligations245,531223,377
Accrued pension liability and postretirement benefit cost21,42932,799
Operating lease liabilities167,00041,336
Other deferred credits319,066342,413
Total deferred credits and other liabilities2,369,6232,217,958
Total liabilities7,842,0257,000,922
Commitments and Contingencies (See Note 16)
Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)11,52911,529
Company common stockholders’ equity:  
Common stock (no par value; 120,000,000 shares authorized; issued and outstanding 90,200,384 and 85,834,874 shares)1,624,8231,429,102
Accumulated other comprehensive income (loss), net of income taxes(62,840)(66,048)
Retained earnings787,110828,878
Total PNMR common stockholders’ equity2,349,0932,191,932
Non-controlling interest in Valencia49,95852,994
Total equity2,399,0512,244,926
Total liabilities and stockholders' equity$ 10,252,605$ 9,257,377
PNM
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. The segment owns and leases communication, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is headquartered in Albuquerque, New Mexico.
 CEO
 WEBSITEpnmresources.com
 INDUSTRYUtilities Regulated Electric
 EMPLOYEES1537

PNM Resources Inc Frequently Asked Questions


What is the ticker symbol for PNM Resources Inc? What does PNM stand for in stocks?

PNM is the stock ticker symbol of PNM Resources Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of PNM Resources Inc (PNM)?

As of Fri Apr 12 2024, market cap of PNM Resources Inc is 3.27 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PNM stock?

You can check PNM's fair value in chart for subscribers.

What is the fair value of PNM stock?

You can check PNM's fair value in chart for subscribers. The fair value of PNM Resources Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of PNM Resources Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PNM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is PNM Resources Inc a good stock to buy?

The fair value guage provides a quick view whether PNM is over valued or under valued. Whether PNM Resources Inc is cheap or expensive depends on the assumptions which impact PNM Resources Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PNM.

What is PNM Resources Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 12 2024, PNM's PE ratio (Price to Earnings) is 30.57 and Price to Sales (PS) ratio is 1.68. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PNM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on PNM Resources Inc's stock?

In the past 10 years, PNM Resources Inc has provided 0.052 (multiply by 100 for percentage) rate of return.