PNM Resources (PNM)
(Delayed Data from NYSE)
$35.89 USD
-0.08 (-0.22%)
Updated Apr 17, 2024 04:00 PM ET
After-Market: $35.88 -0.01 (-0.03%) 7:52 PM ET
3-Hold of 5 3
C Value D Growth D Momentum D VGM
Company Summary
Albuquerque, NM-based PNM Resources was founded in 1917. The company, through its subsidiaries, is engaged in distributing energy and energy-related businesses in the United States. It operates through two segments — Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).
The PNM segment includes the retail electric utility operations of the company. PNM provides integrated electricity services that include the generation, transmission and distribution of electricity for retail electric customers in New Mexico. The segment is also engaged in the generation and sale of electricity into the wholesale market as well as providing transmission services ...
Company Summary
The PNM segment includes the retail electric utility operations of the company. PNM provides integrated electricity services that include the generation, transmission and distribution of electricity for retail electric customers in New Mexico. The segment is also engaged in the generation and sale of electricity into the wholesale market as well as providing transmission services to third parties. It generates electricity using coal, natural gas, oil, nuclear fuel, solar, wind and geothermal energy sources.
As of Dec 31, 2023, PNM owned or jointly owned 3,428 miles of electric transmission lines, 5,768 miles of distribution overhead lines, 6,098 miles of underground distribution lines (excluding street lighting) and 251 substations.
Total generation capacity of facilities owned or leased by PNM was 1,672 MW. PNM’s capacity in electric generating facilities, owned, leased or under PPAs, in commercial operation as of December 31, 2023, is 2,776 MW.
TNMP is a regulated utility operating segment that provides transmission and distribution services in Texas. It also owns and leases vehicles, service facilities as well as office locations throughout its service territory. For 2024, volumetric growth is expected at 2.5-3.5% and demand-based growth is expected at 1.5-2.5%.
As of Dec 31, 2023, TNMP owned 1,026 miles of overhead electric transmission lines, 7,328 miles of overhead distribution lines, 1,516 miles of underground distribution lines and 128 substations.
The PNM and TNMP segments contributed 72.4% and 27.6% to the total revenues, respectively.
The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company.
General Information
PNM Resources, Inc
414 SILVER AVE. SW
ALBUQUERQUE, NM 87102
Phone: 505-241-2700
Fax: 505-241-4311
Web: http://www.pnmresources.com
Email: lisa.goodman@pnmresources.com
Industry | Utility - Electric Power |
Sector | Utilities |
Fiscal Year End | December |
Last Reported Quarter | 3/31/2024 |
Earnings Date | 4/30/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.68 |
Current Year EPS Consensus Estimate | 2.70 |
Estimated Long-Term EPS Growth Rate | 1.30 |
Earnings Date | 4/30/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 35.97 |
52 Week High | 49.08 |
52 Week Low | 34.63 |
Beta | 0.35 |
20 Day Moving Average | 533,259.88 |
Target Price Consensus | 43.57 |
4 Week | -2.26 |
12 Week | -1.24 |
YTD | -13.53 |
4 Week | 0.20 |
12 Week | -4.89 |
YTD | -18.35 |
Shares Outstanding (millions) | 90.20 |
Market Capitalization (millions) | 3,244.51 |
Short Ratio | NA |
Last Split Date | 6/14/2004 |
Dividend Yield | 4.31% |
Annual Dividend | $1.55 |
Payout Ratio | 0.52 |
Change in Payout Ratio | -0.03 |
Last Dividend Payout / Amount | 2/1/2024 / $0.39 |
Fundamental Ratios
P/E (F1) | 13.32 |
Trailing 12 Months | 12.76 |
PEG Ratio | 9.94 |
vs. Previous Year | 20.00% |
vs. Previous Quarter | -88.31% |
vs. Previous Year | -28.43% |
vs. Previous Quarter | -18.53% |
Price/Book | 1.35 |
Price/Cash Flow | 5.43 |
Price / Sales | 1.67 |
3/31/24 | NA |
12/31/23 | 10.51 |
9/30/23 | 10.58 |
3/31/24 | NA |
12/31/23 | 2.48 |
9/30/23 | 2.52 |
3/31/24 | NA |
12/31/23 | 0.39 |
9/30/23 | 0.33 |
3/31/24 | NA |
12/31/23 | 0.31 |
9/30/23 | 0.27 |
3/31/24 | NA |
12/31/23 | 12.56 |
9/30/23 | 11.45 |
3/31/24 | NA |
12/31/23 | 4.54 |
9/30/23 | 7.33 |
3/31/24 | NA |
12/31/23 | 4.67 |
9/30/23 | 9.25 |
3/31/24 | NA |
12/31/23 | 26.60 |
9/30/23 | 26.64 |
3/31/24 | NA |
12/31/23 | 10.94 |
9/30/23 | 13.80 |
3/31/24 | NA |
12/31/23 | 1.77 |
9/30/23 | 1.71 |
3/31/24 | NA |
12/31/23 | 63.76 |
9/30/23 | 62.94 |