PNM Resources, Inc. (Holding Co – Consensus Indicates Potential 3.2% Upside

Broker Ratings

PNM Resources, Inc. (Holding Co with ticker code (PNM) now have 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 53 and 48 with the average target price sitting at $50.40. Given that the stocks previous close was at $48.82 this now indicates there is a potential upside of 3.2%. The 50 day moving average now sits at $49.15 while the 200 day moving average is $47.85. The company has a market capitalization of $4,202m. Company Website:

The potential market cap would be $4,338m based on the market consensus.

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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.

The company has a dividend yield of 3.01% with the ex dividend date set at 27-4-2023 (DMY).

Other points of data to note are a P/E ratio of 24.72, revenue per share of 26.12 and a 2.72% return on assets.

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