PNM Resources, Inc is an utilities-regulated electric business based in the US. PNM Resources shares (PNM) are listed on the NYSE and all prices are listed in US Dollars. PNM Resources employs 1,708 staff and has a trailing 12-month revenue of around 0.00.
How to buy shares in PNM Resources
- Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – PNM – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- PNM shares summary
- Compare share dealing platforms
- Is PNM stock a buy or sell?
- Stock performance over time
- Can I short PNM shares?
- Are PNM shares over-valued?
- PNM Resources's financials
- How volatile are PNM shares?
- Does PNM Resources pay a dividend?
- Have PNM shares ever split?
- Other common questions
PNM Resources stock price (NYSE: PNM)Use our graph to track the performance of PNM stocks over time.
PNM Resources shares at a glance
|Latest market close||$49.12|
|52-week range||$38.51 - $49.73|
|50-day moving average||$48.72|
|200-day moving average||$48.86|
|Wall St. target price||$49.93|
|Dividend yield||$1.27 (2.63%)|
|Earnings per share (TTM)||$2.51|
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Is it a good time to buy PNM Resources stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
PNM Resources price performance over time
|1 week (2021-07-23)||N/A|
|1 month (2021-07-02)||0.55%|
|3 months (2021-05-03)||-0.85%|
|6 months (2021-01-30)||N/A|
|1 year (2020-07-30)||N/A|
|2 years (2019-07-30)||N/A|
|3 years (2018-07-30)||N/A|
|5 years (2016-07-30)||N/A|
Is PNM Resources under- or over-valued?
Valuing PNM Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of PNM Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
PNM Resources's P/E ratio
PNM Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, PNM Resources shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
PNM Resources's PEG ratio
PNM Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.1432. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into PNM Resources's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
PNM Resources's EBITDA
PNM Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $589.2 million.
The EBITDA is a measure of a PNM Resources's overall financial performance and is widely used to measure a its profitability.
PNM Resources financials
|Revenue TTM||$1.6 billion|
|Operating margin TTM||17.58%|
|Gross profit TTM||$859.9 million|
|Return on assets TTM||2.23%|
|Return on equity TTM||11.55%|
|Market capitalisation||$4.1 billion|
TTM: trailing 12 months
Shorting PNM Resources shares
There are currently 3.2 million PNM Resources shares held short by investors – that's known as PNM Resources's "short interest". This figure is 18.6% down from 3.9 million last month.
There are a few different ways that this level of interest in shorting PNM Resources shares can be evaluated.
PNM Resources's "short interest ratio" (SIR)
PNM Resources's "short interest ratio" (SIR) is the quantity of PNM Resources shares currently shorted divided by the average quantity of PNM Resources shares traded daily (recently around 567908.00711744). PNM Resources's SIR currently stands at 5.62. In other words for every 100,000 PNM Resources shares traded daily on the market, roughly 5620 shares are currently held short.
However PNM Resources's short interest can also be evaluated against the total number of PNM Resources shares, or, against the total number of tradable PNM Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case PNM Resources's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 PNM Resources shares in existence, roughly 40 shares are currently held short) or 0.0376% of the tradable shares (for every 100,000 tradable PNM Resources shares, roughly 38 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against PNM Resources.
Find out more about how you can short PNM Resources stock.
PNM Resources share dividends
Dividend payout ratio: 68.98% of net profits
Recently PNM Resources has paid out, on average, around 68.98% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.71% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), PNM Resources shareholders could enjoy a 2.71% return on their shares, in the form of dividend payments. In PNM Resources's case, that would currently equate to about $1.27 per share.
PNM Resources's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
PNM Resources's most recent dividend payout was on 13 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 August 2021 (the "ex-dividend date").
Have PNM Resources's shares ever split?
PNM Resources's shares were split on a 3:2 basis on 13 June 2004. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your PNM Resources shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for PNM Resources shares which in turn could have impacted PNM Resources's share price.
PNM Resources share price volatility
Over the last 12 months, PNM Resources's shares have ranged in value from as little as $38.5068 up to $49.73. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while PNM Resources's is 0.5158. This would suggest that PNM Resources's shares are less volatile than average (for this exchange).
PNM Resources overview
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. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2020, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,389 miles of electric transmission lines, 6,077 miles of distribution overhead lines, 5,962 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate.
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PNM Resources in the news
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Frequently asked questionsWhat percentage of PNM Resources is owned by insiders or institutions?
Currently 1.234% of PNM Resources shares are held by insiders and 83.863% by institutions. How many people work for PNM Resources?
Latest data suggests 1,708 work at PNM Resources. When does the fiscal year end for PNM Resources?
PNM Resources's fiscal year ends in December. Where is PNM Resources based?
PNM Resources's address is: 414 Silver Avenue SW, Albuquerque, NM, United States, 87102-3289 What is PNM Resources's ISIN number?
PNM Resources's international securities identification number is: US69349H1077 What is PNM Resources's CUSIP number?
PNM Resources's Committee on Uniform Securities Identification Procedures number is: 69349H107
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