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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 1,668 staff and has a trailing 12-month revenue of around USD$1.5 billion.
|52-week range||USD$26.5245 - USD$54.9884|
|50-day moving average||USD$48.1519|
|200-day moving average||USD$42.7332|
|Wall St. target price||USD$50.07|
|Dividend yield||USD$1.23 (2.51%)|
|Earnings per share (TTM)||USD$2.45|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, PNM Resources shares trade at around 20x 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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.0655. 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 (earnings before interest, taxes, depreciation and amortisation) is USD$630.5 million.
The EBITDA is a measure of a PNM Resources's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1.5 billion|
|Operating margin TTM||21.29%|
|Gross profit TTM||USD$832.4 million|
|Return on assets TTM||2.69%|
|Return on equity TTM||11.76%|
|Market capitalisation||USD$3.9 billion|
TTM: trailing 12 months
There are currently 5.2 million PNM Resources shares held short by investors – that's known as PNM Resources's "short interest". This figure is 34% up 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) is the quantity of PNM Resources shares currently shorted divided by the average quantity of PNM Resources shares traded daily (recently around 3.5 million). PNM Resources's SIR currently stands at 1.49. In other words for every 100,000 PNM Resources shares traded daily on the market, roughly 1490 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 0.07% of the outstanding shares (for every 100,000 PNM Resources shares in existence, roughly 70 shares are currently held short) or 0.0869% of the tradable shares (for every 100,000 tradable PNM Resources shares, roughly 87 shares are currently held short).
Such a low SIR usually points to an 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.
Dividend payout ratio: 49.4% of net profits
Recently PNM Resources has paid out, on average, around 49.4% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.51% 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 2.51% return on their shares, in the form of dividend payments. In PNM Resources's case, that would currently equate to about $1.23 per share.
While PNM Resources's payout ratio might seem fairly standard, it's worth remembering that PNM Resources may be investing much of the rest of its net profits in future growth.
PNM Resources's most recent dividend payout was on 13 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 October 2020 (the "ex-dividend date").
PNM Resources's shares were split on a 3:2 basis on 14 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.
Over the last 12 months, PNM Resources's shares have ranged in value from as little as $26.5245 up to $54.9884. 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 0.5744. This would suggest that PNM Resources's shares are less volatile than average (for this exchange).
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved 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, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
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