Stock PNM PNM RESOURCES, INC.
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Company PNM Resources, Inc.

Equities

PNM

US69349H1077

Electric Utilities

Real-time Estimate Cboe BZX
Other stock markets
 01:00:38 2024-04-26 pm EDT 		5-day change 1st Jan Change
36.28 USD -0.12% Intraday chart for PNM Resources, Inc. -0.85% -12.74%
Apr. 15 Barclays Adjusts Price Target on PNM Resources to $43 From $40, Keeps Overweight Rating MT
Apr. 01 PNM Resources, Inc. Enters into a Twelfth Amendment to and Restatement of Credit Agreement Amending and Restating its $300.0 Million Revolving Credit Agreement CI

Business Summary

PNM Resources, Inc. is a holding company, which provides electric service to consumers in Texas-New Mexico Power Company’s (TNMP). service territories. The Company with its two regulated utilities serving approximately 824,000 residential, commercial, and industrial customers and end users of electricity in New Mexico and Texas. The Company’s electric utilities are Public Service Company of New Mexico (PNM), and TNMP. PNM is an electric utility, which provides electric generation, transmission, and distribution service to its rate-regulated customers. PNM’s retail electric service territory covers an area of north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico. Other services provided by PNM include wholesale transmission services to third parties. Other services provided by PNM include wholesale transmission services to third parties. TNMP provides transmission and distribution services in Texas.

Number of employees: 1,635

Sales per Business

USD in Million2022Weight2023Weight Delta
Public Service Company of New Mexico
72.4 %
1,767 78.5 % 1,404 72.4 % -20.54%
Texas-New Mexico Power Company
27.6 %
483 21.5 % 535 27.6 % +10.88%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
2,250 100.0 % 1,939 100.0 % -13.80%

Managers

Managers TitleAgeSince
Patricia Vincent-Collawn CEO
 Chief Executive Officer 65 07-06-24
Joseph Tarry PSD
 President 53 95-12-31
Elisabeth Eden DFI
 Director of Finance/CFO 57 00-12-31
Mike Mertz CTO
 Chief Tech/Sci/R&D Officer - 10-05-31
Lisa Goodman IRC
 Investor Relations Contact - 14-10-31
Gerald Bischoff AUD
 Comptroller/Controller/Auditor 45 04-12-31
Becky Teague HRO
 Human Resources Officer - -
Patrick Apodaca LAW
 General Counsel 72 10-01-03

Members of the board

Members of the board TitleAgeSince
Donald K. Schwanz BRD
 Director/Board Member 79 08-07-28
E. Conley BRD
 Director/Board Member 66 14-05-14
Patricia Vincent-Collawn CEO
 Chief Executive Officer 65 07-06-24
Vicky Bailey BRD
 Director/Board Member 71 18-12-31
Alan Fohrer BRD
 Director/Board Member 73 12-02-29
Maureen T. Mullarkey BRD
 Director/Board Member 64 14-05-14
James Hughes BRD
 Director/Board Member 61 18-12-31
Norman Becker BRD
 Director/Board Member 68 16-05-16
Sidney McNeill Gutierrez BRD
 Director/Board Member 72 15-05-11

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 115,293 0 0 98.64 %
Stock B 1 90,200,384 89,091,251 ( 98.77 %) 0

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
11.97 %
10,794,299 11.97 % 406 M $
Vanguard Fiduciary Trust Co.
10.34 %
9,330,930 10.34 % 351 M $
STATE STREET CORPORATION
3.733 %
3,367,547 3.733 % 127 M $
Hudson Bay Capital Management LP
3.367 %
3,037,103 3.367 % 114 M $
Morgan Stanley Investment Management, Inc.
3.131 %
2,824,624 3.131 % 106 M $
Magnetar Financial LLC
2.212 %
1,994,913 2.212 % 75 M $
Geode Capital Management LLC
2.064 %
1,861,549 2.064 % 70 M $
PSquared Asset Management AG
2.050 %
1,848,995 2.050 % 70 M $
Gabelli & Company Investment Advisers, Inc.
1.844 %
1,663,087 1.844 % 63 M $
First Trust Advisors LP
1.760 %
1,587,169 1.760 % 60 M $

Company contact information

PNM Resources, Inc.

414 Silver Avenue SW 4th floor

87102-3289, Albuquerque

+505 241 2700

http://www.pnmresources.com
address PNM Resources, Inc.(PNM)

Group companies

NameCategory and Sector
Texas-New Mexico Power Co.
Logo Texas-New Mexico Power Co.

Texas-New Mexico Power Co.

Electric UtilitiesUtilities

Texas-New Mexico Power Co. provides electricity transmission and distribution services. Its services include accurate, timely meter readings transmitted to retail providers for billing purposes, service connections and re-connections to retail providers, and locally based service that ensures prompt response to power outages and construction and maintenance of the poles and wires that deliver electricity. The company was founded in December 1934 and is headquartered in Lewisville, TX.

Electric Utilities

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Ratings for PNM Resources, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
36.32 USD
Average target price
43.43 USD
Spread / Average Target
+19.57%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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