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PNM Resources (PNM)

(Real Time Quote from BATS)

$36.17 USD

36.17
133,267

-0.15 (-0.41%)

Updated Apr 26, 2024 12:02 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value D Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 34% (86 out of 252)

Industry: Utility - Electric Power

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Better trading starts here.

Balance Sheet

Research for PNM

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for PNM Resources, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 2 4 1 48 4
Receivables 210 206 147 143 103
Notes Receivable 0 0 0 0 0
Inventories 98 67 65 66 78
Other Current Assets 166 134 111 120 109
Total Current Assets 476 411 325 377 294
Net Property & Equipment 7,610 6,973 6,753 5,965 5,466
Investments & Advances 594 535 578 555 467
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 1,113 1,004 654 659 662
Intangibles 278 278 278 278 278
Deposits & Other Assets 0 0 0 0 0
Total Assets 10,253 9,257 8,667 7,940 7,299
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 262 232 63 32 185
Accounts Payable 205 216 173 169 103
Current Portion Long-Term Debt 280 185 179 576 490
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 99 77 70 68 77
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 373 162 152 105 83
Total Current Liabilities 1,231 890 664 978 967
Mortgages 0 0 0 0 0
Deferred Taxes/Income 1,164 1,165 1,098 950 812
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,242 3,893 3,520 2,720 2,517
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,038 1,011 1,095 1,092 1,143
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 7,842 7,001 6,432 5,820 5,546
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 12 12 12 12 12
Common Stock (Par) 1,625 1,429 1,429 1,430 1,151
Capital Surplus 0 0 0 0 0
Retained Earnings 787 829 810 699 628
Other Equity -13 -13 -17 -20 -36
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,411 2,256 2,234 2,120 1,753
Total Liabilities & Shareholder's Equity 10,253 9,257 8,667 7,940 7,299
Total Common Equity 2,399 2,245 2,223 2,108 1,742
Shares Outstanding 90.20 85.80 85.80 85.80 79.60
Book Value Per Share 26.60 26.16 25.91 24.57 21.88

Fiscal Year End for PNM Resources, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 2 8 8 4
Receivables NA 210 203 155 153
Notes Receivable NA 0 0 0 0
Inventories NA 98 83 81 64
Other Current Assets NA 166 195 161 130
Total Current Assets NA 476 489 405 352
Net Property & Equipment NA 7,610 7,411 7,215 7,010
Investments & Advances NA 594 570 569 563
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 1,113 1,117 1,110 1,098
Intangibles NA 278 278 278 278
Deposits & Other Assets NA 0 0 0 0
Total Assets NA 10,253 10,051 9,627 9,353
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 262 406 327 409
Accounts Payable NA 205 157 148 122
Current Portion Long-Term Debt NA 280 502 422 410
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 99 86 69 72
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 373 316 134 171
Total Current Liabilities NA 1,231 1,479 1,108 1,195
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 1,164 1,182 1,208 1,160
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4,242 3,903 3,928 3,668
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,020 1,023 1,013
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 7,842 7,753 7,302 7,077
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 12 12 12 12
Common Stock (Par) NA 1,625 1,425 1,424 1,424
Capital Surplus NA 0 0 0 0
Retained Earnings NA 787 872 898 852
Other Equity NA -13 -11 -8 -12
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 2,411 2,298 2,325 2,276
Total Liabilities & Shareholder's Equity NA 10,253 10,051 9,627 9,353
Total Common Equity 0 2,399 2,286 2,314 2,265
Shares Outstanding 90.20 90.20 85.80 85.80 85.80
Book Value Per Share 0.00 26.60 26.65 26.97 26.40