Stock News Alert: PNM Resources (NYSE:PNM)

PNM Resources (NYSE:PNM)  moved -8.82% to recent value of $47.26. The stock transacted 1018200 shares during most recent day however it has an average volume of 606.28K shares. It spotted trading -15.82% off 52-week high price. On the other end, the stock has been noted 6.73% away from the low price over the last 52-weeks.

On March 09, 2020, The Board of Directors of PNM Resources (NYSE:PNM) disclosed the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2020 to shareholders of record at the close of business April 3, 2020.


PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2019 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,761 megawatts of generation capacity and provides electricity to approximately 789,000 homes and businesses in New Mexico and Texas.

PNM has an operating margin of 9.90% while its profit margin remained 5.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -12.60% for this year while earning per share for the next 5-years is expected to reach at 6.30%.

The company has 79.70M of outstanding shares and 78.79M shares were floated in the market. According to the most recent quarter its current ratio was 0.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -10.96% from the mean of 20 days, -9.61% from mean of 50 days SMA and performed -6.83% from mean of 200 days price. Company’s performance for the week was -4.60%, -13.57% for month and YTD performance remained -6.80%.

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