PNM Resources: Medium Term Growth Potential But Less Financial Flexibility [Seeking Alpha]
PNM Resources, Inc. (Holding Co.) (PNM)
Last pnm resources, inc. (holding co.) earnings: 2/28 06:30 am
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US:NYSE Investor Relations:
pnmresources.com/investors.aspx
Company Research
Source: Seeking Alpha
Given PNM Resources has fairly high leverage, the company doesn't have as much financial flexibility while maintaining investment grade credit rating if it needs to spend more. I rate PNM Resources a 'Buy' and I would own it in a diversified portfolio. PNM Resources, Inc. ( NYSE: PNM ) is an energy holding company whose two regulated utilities collectively provide electricity to over 800,000 homes and businesses in New Mexico and Texas PNM Resources has two regulated utility segments, PNM , a vertically integrated electric utility in New Mexico with distribution, transmission and generation assets, and TNMP, an electric transmission and distribution utility in Texas. Shares of PNM Resources are considerably lower than their early 2020 pre-pandemic highs. One key reason for the decline is that Avangrid terminated its merger agreement on December 31, 2023 to buy PNM Resources for $50.30 in cash per share given regulatory hurdles. Other reasons for the poor performance include
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PNM
News
- What's in the Cards for PNM Resources (PNM) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
- PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875 [Yahoo! Finance]Yahoo! Finance
- PNM Resources, Inc. (NYSE: PNM) had its price target raised by analysts at Barclays PLC from $40.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- PNM Resources' (NYSE:PNM) Dividend Will Be $0.3875 [Yahoo! Finance]Yahoo! Finance
- PNM Resources to Announce 2024 First Quarter Earnings on April 30PR Newswire
PNM
Earnings
- 2/6/24 - Miss
PNM
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- 4/15/24 - Form DEFA14A
- PNM's page on the SEC website