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PNM Resources, Inc.

  • Market Cap: Small Cap
  • Industry: Power
  • ISIN: US69349H1077
USD
58.13
-0.08 (-0.14%)

Dec 04

NYS

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  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

58.0558.20

52 Week

45.7158.45
Valuation
Technical
Day's Volume

CASH

729.21 k

Shareholding (Mar 2025)

FII

13.97%

Held by 144 FIIs

DII

21.81%

Held by 78 DIIs

Promoter

0.00%

How big is PNM Resources, Inc.?

22-Jun-2025

As of Jun 18, PNM Resources, Inc. has a market capitalization of $5.22 billion, with recent net sales of $2.02 billion and a net profit of $221.15 million.

Market Cap: As of Jun 18, PNM Resources, Inc. has a market capitalization of 5,216.72 million, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, PNM Resources, Inc. reported net sales of 2,017.11 million and a net profit of 221.15 million.<BR><BR>Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of 2,547.91 million and total assets of 11,548.12 million.

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What does PNM Resources, Inc. do?

22-Jun-2025

PNM Resources, Inc. is an investor-owned holding company that provides electricity and electric services through regulated utilities in New Mexico and Texas. As of March 2025, it has a market cap of approximately $5.22 billion, with net sales of $483 million and a net profit of $13 million.

Overview: <BR>PNM Resources, Inc. is an investor-owned holding company in the power industry, providing electricity and electric services through its regulated utilities in New Mexico and Texas, with a market cap in the small-cap bracket.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 483 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 13 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 5,216.72 Million (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 23.00 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 2.33 <BR>Return on Equity: 8.94% <BR>Price to Book: 2.07<BR><BR>Contact Details: <BR>Address: 414 Silver Ave SW, ALBUQUERQUE NM: 87102-3289 <BR>Tel: ['1 505 2412700', '1 505 2412160'] <BR>Fax: 1 505 2414311 <BR>Website: https://www.pnmresources.com/

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Who are in the management team of PNM Resources, Inc.?

22-Jun-2025

As of March 2022, the management team of PNM Resources, Inc. includes Chairman and CEO Patricia Collawn, Lead Independent Director Bruce Wilkinson, and Independent Directors Vicky Bailey, Norman Becker, E. Renae Conley, and Alan Fohrer. They oversee the company's strategic direction and governance.

As of March 2022, the management team of PNM Resources, Inc. includes:<BR><BR>- Ms. Patricia Collawn, who serves as the Chairman of the Board, President, and Chief Executive Officer.<BR>- Mr. Bruce Wilkinson, who is the Lead Independent Director.<BR>- Ms. Vicky Bailey, who is an Independent Director.<BR>- Mr. Norman Becker, who is also an Independent Director.<BR>- Ms. E. Renae Conley, who serves as an Independent Director.<BR>- Mr. Alan Fohrer, who is another Independent Director. <BR><BR>This team is responsible for guiding the company's strategic direction and governance.

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Is PNM Resources, Inc. overvalued or undervalued?

20-Sep-2025

As of June 30, 2025, PNM Resources, Inc. is considered very expensive and overvalued with a P/E ratio of 23 and an EV to EBITDA of 12.58, despite outperforming the S&P 500 over the past year with a return of 31.72%.

As of 30 June 2025, the valuation grade for PNM Resources, Inc. moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a P/E ratio of 23, an EV to EBITDA of 12.58, and a PEG ratio of 0.98, which suggest that the stock is trading at a premium compared to its earnings growth potential.<BR><BR>In comparison to its peers, PNM Resources, Inc. has a higher P/E ratio than Pinnacle West Capital Corp. at 24.26 and The AES Corp. at 25.28, both of which are also in the power industry. Additionally, its EV to EBITDA ratio is notably higher than OGE Energy Corp. at 10.71, reinforcing the notion that PNM is priced at a premium relative to its industry counterparts. Over the past year, PNM has outperformed the S&P 500 with a return of 31.72% compared to 17.14%, but its long-term performance has lagged significantly behind the index over three and five years.

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Is PNM Resources, Inc. technically bullish or bearish?

20-Sep-2025

As of July 28, 2025, PNM Resources, Inc. shows a mildly bullish trend, supported by daily moving averages and weekly Bollinger Bands, despite some bearish signals from the weekly MACD and monthly RSI, while outperforming the S&P 500 year-to-date and over the past year, but lagging significantly over the last three years.

As of 28 July 2025, the technical trend for PNM Resources, Inc. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages and the weekly Bollinger Bands, both indicating mild bullishness. However, the weekly MACD and KST are mildly bearish, while the monthly RSI is bearish, suggesting some weakness in momentum. <BR><BR>In terms of performance, PNM has outperformed the S&P 500 year-to-date with a return of 15.35% compared to 12.22%, and over the past year, it has returned 31.72% versus the S&P 500's 17.14%. However, over the longer term, the stock has lagged significantly, with a 3-year return of 19.39% compared to the S&P 500's 70.41%.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 5.27%

  • Poor long term growth as Operating profit has grown by an annual rate 5.37% of over the last 5 years
  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 6.32 times
2

Positive results in Jun 25

3

With ROCE of 5.37%, it has a very expensive valuation with a 1.33 Enterprise value to Capital Employed

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Power

stock-summary
Market cap

USD 5,978 Million (Small Cap)

stock-summary
P/E

23.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

1.74

stock-summary
Return on Equity

6.25%

stock-summary
Price to Book

1.88

Revenue and Profits:
Net Sales:
502 Million
(Quarterly Results - Jun 2025)
Net Profit:
26 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
2.31%
0%
2.31%
6 Months
2.81%
0%
2.81%
1 Year
17.13%
0%
17.13%
2 Years
37.59%
0%
37.59%
3 Years
19.05%
0%
19.05%
4 Years
28.41%
0%
28.41%
5 Years
18.05%
0%
18.05%

PNM Resources, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News

Is PNM Resources, Inc. technically bullish or bearish?

As of 28 July 2025, the technical trend for PNM Resources, Inc. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages and the weekly Bollinger Bands, both indicating mild bullishness. However, the weekly MACD and KST are mildly bearish, while the monthly RSI is bearish, suggesting some weakness in momentum. In terms of performance, PNM has outperformed the S&P 500 year-to-date with a return of 15.35% compared to 12.22%, and over the past year, it has returned 31.72% versus the S&P 500's 17.14%. However, over the longer term, the stock has lagged significantly, with a 3-year return of 19.39% compared to the S&P 500's 70.41%....

Read More

Is PNM Resources, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for PNM Resources, Inc. moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a P/E ratio of 23, an EV to EBITDA of 12.58, and a PEG ratio of 0.98, which suggest that the stock is trading at a premium compared to its earnings growth potential. In comparison to its peers, PNM Resources, Inc. has a higher P/E ratio than Pinnacle West Capital Corp. at 24.26 and The AES Corp. at 25.28, both of which are also in the power industry. Additionally, its EV to EBITDA ratio is notably higher than OGE Energy Corp. at 10.71, reinforcing the notion that PNM is priced at a premium relative to its industry counterparts. Over the past year, PNM has outperformed the S&P 500 with a return of 31.72% compared to 17.14%, but its long-term performance has la...

Read More
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
6.70%
EBIT Growth (5y)
5.37%
EBIT to Interest (avg)
2.44
Debt to EBITDA (avg)
6.32
Net Debt to Equity (avg)
2.33
Sales to Capital Employed (avg)
0.27
Tax Ratio
13.70%
Dividend Payout Ratio
58.74%
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
5.27%
ROE (avg)
9.43%
Valuation key factors
Factor
Value
P/E Ratio
23
Industry P/E
Price to Book Value
2.09
EV to EBIT
24.74
EV to EBITDA
12.58
EV to Capital Employed
1.33
EV to Sales
5.51
PEG Ratio
0.98
Dividend Yield
NA
ROCE (Latest)
5.37%
ROE (Latest)
8.94%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Bullish
OBV
Mildly Bullish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 94 Schemes (64.19%)

Foreign Institutions

Held by 144 Foreign Institutions (13.97%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 4.06% vs 1.22% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 103.12% vs -36.00% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "502.40",
          "val2": "482.80",
          "chgp": "4.06%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "193.60",
          "val2": "186.20",
          "chgp": "3.97%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "73.20",
          "val2": "64.80",
          "chgp": "12.96%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "26.00",
          "val2": "12.80",
          "chgp": "103.12%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "144.70%",
          "val2": "148.90%",
          "chgp": "-0.42%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 1.65% vs -13.80% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 142.00% vs -42.28% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,971.20",
          "val2": "1,939.20",
          "chgp": "1.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "885.50",
          "val2": "657.00",
          "chgp": "34.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "226.00",
          "val2": "183.50",
          "chgp": "23.16%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-9.00",
          "val2": "-71.90",
          "chgp": "87.48%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "258.70",
          "val2": "106.90",
          "chgp": "142.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "234.60%",
          "val2": "156.40%",
          "chgp": "7.82%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQstock-summary
Jun'25
Mar'25
Change(%)
Net Sales
502.40
482.80
4.06%
Operating Profit (PBDIT) excl Other Income
193.60
186.20
3.97%
Interest
73.20
64.80
12.96%
Exceptional Items
0.00
0.00
Consolidate Net Profit
26.00
12.80
103.12%
Operating Profit Margin (Excl OI)
144.70%
148.90%
-0.42%
USD in Million.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Jun 2025 is 4.06% vs 1.22% in Mar 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is 103.12% vs -36.00% in Mar 2025

All Quarterly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,971.20
1,939.20
1.65%
Operating Profit (PBDIT) excl Other Income
885.50
657.00
34.78%
Interest
226.00
183.50
23.16%
Exceptional Items
-9.00
-71.90
87.48%
Consolidate Net Profit
258.70
106.90
142.00%
Operating Profit Margin (Excl OI)
234.60%
156.40%
7.82%
USD in Million.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 1.65% vs -13.80% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 142.00% vs -42.28% in Dec 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About PNM Resources, Inc. stock-summary
stock-summary
PNM Resources, Inc.
Power
PNM Resources, Inc. (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR's electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website provides information, including news releases, notices of Webcasts, and filings. PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, related to corporate level debt and PNMR Services Company.
Company Coordinates stock-summary
Company Details
414 Silver Ave SW , ALBUQUERQUE NM : 87102-3289
stock-summary
Tel: 1 505 24127001 505 2412160
stock-summary
https://www.pnmresources.com/
stock-summary
Registrar Details
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