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. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2020, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,389 miles of electric transmission lines, 6,077 miles of distribution overhead lines, 5,962 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2020, this segment owned 983 miles of overhead electric transmission lines, 7,282 miles of overhead distribution lines, 1,348 miles of underground distribution lines, and 110 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 800,000 homes and businesses in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1917 and is headquartered in Albuquerque, New Mexico.
IPO Year:
Exchange: NYSE
Website: pnmresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2024 | $38.00 | In-line | Evercore ISI |
| 2/8/2024 | $40.00 | Overweight | Barclays |
| 1/3/2024 | $41.00 → $44.00 | Equal Weight → Overweight | Wells Fargo |
| 1/3/2024 | $41.00 | Buy → Neutral | Mizuho |
| 9/26/2023 | $50.30 | Neutral → Buy | Mizuho |
| 5/16/2023 | $53.00 → $55.00 | Hold → Buy | Siebert Williams Shank |
| 1/9/2023 | $51.00 → $50.30 | Buy → Neutral | Mizuho |
| 10/20/2022 | $53.00 → $45.00 | Overweight → Equal Weight | Wells Fargo |
| 6/22/2022 | $53.00 → $52.00 | Neutral → Buy | Mizuho |
| 2/9/2022 | $47.00 → $53.00 | Neutral | Mizuho |
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13D/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
SC 13G/A - PNM RESOURCES INC (0001108426) (Subject)
ALBUQUERQUE, N.M., Nov. 11, 2024 /PRNewswire/ -- In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), has announced its plan to join the California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM). EDAM is a voluntary day-ahead regional market, expanding on CAISO's real-time regional market known as the Western Energy Imbalance Market (WEIM), which PNM has been a participant of since 2021. "Participating in EDAM is the next step in r
Cheniere Energy, Inc. ("Cheniere") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021. Ms. Collawn and Ms. Mitchelmore are considered independent directors. Ms. Collawn has been appointed to the Audit and Compensation Committees and Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees. Ms. Collawn is the Chairman, President and Chief Executive Officer of PNM Resources, Inc. ("PNM Resources") (NYSE:PNM), an energy holding company based in New Mexico. Ms. Collawn joined PNM Resources in 2007 from Public Service Company of Colora
8-K - TXNM ENERGY INC (0001108426) (Filer)
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8-K/A - TXNM ENERGY INC (0001108426) (Filer)
8-K - TXNM ENERGY INC (0001108426) (Filer)
10-Q - PNM RESOURCES INC (0001108426) (Filer)
8-K - PNM RESOURCES INC (0001108426) (Filer)
8-K - PNM RESOURCES INC (0001108426) (Filer)
8-K - PNM RESOURCES INC (0001108426) (Filer)
8-K - PNM RESOURCES INC (0001108426) (Filer)
8-K - PNM RESOURCES INC (0001108426) (Filer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - TXNM ENERGY INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
4 - PNM RESOURCES INC (0001108426) (Issuer)
ALBUQUERQUE, N.M., Dec. 12, 2024 /PRNewswire/ -- TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), filed an unopposed settlement yesterday in its application with the Public Utility Commission of Texas (PUCT) for approval of a System Resiliency Plan. TNMP's filed System Resiliency Plan was developed using a comprehensive and data-driven approach which evaluated various types of resiliency events posing material risk to the safe and reliable operation of TNMP's distribution system. The settlement includes $565.8 million of capital investments over 2025 through 2027, r
ALBUQUERQUE, N.M., Nov. 25, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), filed an application with the New Mexico Public Regulation Commission (NMPRC) for new energy resources to be added by summer 2028. The proposed resource portfolio extends existing resources and adds 430 megawatts (MWs) of new solar and battery storage to meet PNM's forecasted peak load requirements in 2028 to serve its customers and to continue progress towards the zero-carbon requirements of New Mexico's Energy Transition Act. The filing requests approval for: extension
ALBUQUERQUE, N.M., Nov. 11, 2024 /PRNewswire/ -- In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), has announced its plan to join the California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM). EDAM is a voluntary day-ahead regional market, expanding on CAISO's real-time regional market known as the Western Energy Imbalance Market (WEIM), which PNM has been a participant of since 2021. "Participating in EDAM is the next step in r
2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., Nov. 11, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE:TXNM) management will meet with analysts and investors this week at the Edison Electric Institute Financial Conference. During the meetings, management is expected to affirm the company's 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share. Presentation materials are available on the company's website at http://www.pnmresources.com/investors/events.cfm Background:TXNM Energy (NYSE:TXNM), an energy holding company based in
ALBUQUERQUE, N.M., Oct. 17, 2024 /PRNewswire/ -- The New Mexico Public Regulation Commission (NMPRC) approved an application by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), designed to modernize its grid infrastructure using state-of-the art technology for a more resilient, reliable, efficient and decarbonized electric system. Modifications to the application and recommended decision were discussed during the meeting and will be included in the final order. The approved plan is the first part of a longer-term grid modernizat
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. (NYSE:TXNM) received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service and Distribution Cost Recovery Factor applications. On September 20, 2024, the PUCT approved TNMP's Application for Interim Update of Wholesale Transmission Rates through a Transmission Cost of Service (TCOS) filing. The approved annual rate increase of $3.9 million recovers $20.6 million of incremental transmission rate base. The associated rates
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TXNM Energy, Inc. will announce third quarter 2024 financial results prior to the market opening on Friday, November 1, 2024. Management will also host a live conference call at 11 a.m. Eastern Time to discuss financial results and other company updates. The press release and accompanying presentation materials for the conference call will be posted on the company website at www.TXNMEnergy.com. Investors and analysts can participate in the live conference call by pre-registering using the following link: https://dpregister.com/sr
2024 Ongoing Earnings Guidance Affirmed 2024 second quarter GAAP earnings of $0.53 per diluted share2024 second quarter ongoing earnings of $0.60 per diluted shareAffirmed ongoing earnings guidance range of $2.65 - $2.75Name change to TXNM Energy, trading under TXNM ticker expected August 5, 2024ALBUQUERQUE, N.M., July 31, 2024 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q2 2024 Q2 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to PNM Resources $48.0 $45.3 $95.2 $100.3 GAAP diluted EPS $0.53 $0.53
ALBUQUERQUE, N.M., July 22, 2024 /PRNewswire/ -- PNM Resources, Inc. (NYSE:PNM) is expecting to complete the change of its holding company name to TXNM Energy, Inc. (NYSE:TXNM), effective at 5:00pm ET on August 2, 2024. Trading under the new name and TXNM ticker is expected to begin on Monday, August 5, 2024. The change was overwhelmingly approved by shareholders at its annual meeting on June 4, 2024, and by the PNM Resources Board of Directors. There are no changes to the names of PNM or TNMP, wholly owned subsidiaries of PNM Resources. "The change in our holding company name
ALBUQUERQUE, N.M., July 16, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE:PNM) declared the regular quarterly dividend of $0.3875 per share on the company's common stock. The dividend is payable August 9, 2024, to shareholders of record at the close of business July 26, 2024. Background:PNM Resources (NYSE:PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800
ALBUQUERQUE, N.M., Oct. 4, 2024 /PRNewswire/ -- TXNM Energy, Inc. will announce third quarter 2024 financial results prior to the market opening on Friday, November 1, 2024. Management will also host a live conference call at 11 a.m. Eastern Time to discuss financial results and other company updates. The press release and accompanying presentation materials for the conference call will be posted on the company website at www.TXNMEnergy.com. Investors and analysts can participate in the live conference call by pre-registering using the following link: https://dpregister.com/sr
2024 Ongoing Earnings Guidance Affirmed 2024 second quarter GAAP earnings of $0.53 per diluted share2024 second quarter ongoing earnings of $0.60 per diluted shareAffirmed ongoing earnings guidance range of $2.65 - $2.75Name change to TXNM Energy, trading under TXNM ticker expected August 5, 2024ALBUQUERQUE, N.M., July 31, 2024 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q2 2024 Q2 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to PNM Resources $48.0 $45.3 $95.2 $100.3 GAAP diluted EPS $0.53 $0.53
ALBUQUERQUE, N.M., July 16, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE:PNM) declared the regular quarterly dividend of $0.3875 per share on the company's common stock. The dividend is payable August 9, 2024, to shareholders of record at the close of business July 26, 2024. Background:PNM Resources (NYSE:PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800
ALBUQUERQUE, N.M., July 8, 2024 /PRNewswire/ -- PNM Resources will announce second quarter 2024 financial results prior to the market opening on Wednesday, July 31, 2024. Management will also host a live conference call at 11 a.m. Eastern Time to discuss financial results and other company updates. The press release and accompanying presentation materials for the conference call will be posted on the company website at www.PNMResources.com. Investors and analysts can participate in the live conference call by pre-registering using the following link: https://dpregister.com/sre
ALBUQUERQUE, N.M., June 4, 2024 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE:PNM), declared 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 July 15, 2024, to shareholders of record at the close of business June 28, 2024. Background:PNM Resources (NYSE:PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities, PNM a
2024 Ongoing Earnings Guidance Affirmed 2024 first quarter GAAP earnings of $0.52 per diluted share2024 first quarter ongoing earnings of $0.41 per diluted shareAffirmed ongoing earnings guidance range of $2.65 - $2.75ALBUQUERQUE, N.M., April 30, 2024 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q1 2024 Q1 2023 GAAP net earnings attributable to PNM Resources $47.2 $55.0 GAAP diluted EPS $0.52 $0.64 Ongoing net earnings $37.0 $47.6 Ongoing diluted EPS $0.41 $0.55 PNM Resources (NYSE:PNM) today released its 2024 first quarter results. In addition, management affirmed
ALBUQUERQUE, N.M., April 4, 2024 /PRNewswire/ -- PNM Resources will announce first quarter 2024 financial results prior to the market opening on Tuesday, April 30, 2024. Management will also host a live conference call at 11 a.m. Eastern Time to discuss financial results and other company updates. The press release and accompanying presentation materials for the conference call will be posted on the company website at www.PNMResources.com. Investors and analysts can participate in the live conference call by pre-registering using the following link: https://dpregister.com/sreg
ALBUQUERQUE, N.M., March 11, 2024 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE:PNM), declared 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, 2024, to shareholders of record at the close of business March 29, 2024. Background: PNM Resources (NYSE:PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities,
ALBUQUERQUE, N.M., March 1, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE:PNM) declared the regular quarterly dividend of $0.3875 per share on the company's common stock. The dividend is payable May 10, 2024, to shareholders of record at the close of business April 26, 2024. Background:PNM Resources (NYSE:PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800,
Conference call at 11 a.m. Eastern today 2023 GAAP earnings of $1.02 per diluted share2023 ongoing earnings of $2.82 per diluted share2024 ongoing earnings guidance range of $2.65 - $2.75 per diluted shareALBUQUERQUE, N.M., Feb. 6, 2024 /PRNewswire/ -- PNM Resources (In millions, except EPS) 2023 2022 GAAP net earnings attributable to PNM Resources $87.8 $169.5 GAAP diluted EPS $1.02 $1.97 Ongoing net earnings $243.5 $231.5 Ongoing diluted EPS $2.82 $2.69 PNM Resources (NYSE:PNM) today released its 2023 earnings results. GAAP earnings include one-time charges for rate credi
Evercore ISI resumed coverage of PNM Resources with a rating of In-line and set a new price target of $38.00
Barclays initiated coverage of PNM Resources with a rating of Overweight and set a new price target of $40.00
Wells Fargo upgraded PNM Resources from Equal Weight to Overweight and set a new price target of $44.00 from $41.00 previously
Mizuho downgraded PNM Resources from Buy to Neutral and set a new price target of $41.00
Mizuho upgraded PNM Resources from Neutral to Buy and set a new price target of $50.30
Siebert Williams Shank upgraded PNM Resources from Hold to Buy and set a new price target of $55.00 from $53.00 previously
Mizuho downgraded PNM Resources from Buy to Neutral and set a new price target of $50.30 from $51.00 previously
Wells Fargo downgraded PNM Resources from Overweight to Equal Weight and set a new price target of $45.00 from $53.00 previously
Mizuho upgraded PNM Resources from Neutral to Buy and set a new price target of $52.00 from $53.00 previously
Mizuho reiterated coverage of PNM Resources with a rating of Neutral and set a new price target of $53.00 from $47.00 previously