Pnm Resources dividend – PNM Resources Boosts Quarterly Dividend by 5.4% to $0.3875/Share
December 7, 2023
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PNM ($NYSE:PNM) offers a comprehensive portfolio of energy-related services, ranging from energy efficiency to cost-effective renewable energy and storage solutions. This increase is a reflection of PNM Resources’ solid financial position which is further strengthened by their recent approval of the Navajo Nation’s renewable energy portfolio and the launch of their new energy storage solutions. This increase will benefit shareholders by allowing them to earn more income per share when reinvesting the dividend, and will likely lead to an increase in stock price.
Dividends – Pnm Resources dividend
PNM RESOURCES has recently announced a 5.4% increase in their quarterly dividend, bringing it up to $0.3875 per share. Over the past three years, the company has consistently provided an annual dividend per share of $1.45, $1.39, and $1.31 USD, highlighting their commitment to provide investors with a profitable return on their investments. This dividend increase shows potential for future growth, with estimated yields of 3.05%, 2.99%, and 2.69% from 2021 to 2023 respectively, giving the stock an average dividend yield of 2.91%. If you are someone looking for a reliable, consistent dividend-yielding stock, PNM RESOURCES may be worth considering.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pnm Resources. More…
| Total Revenues | Net Income | Net Margin |
| 2.1k | 153.79 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pnm Resources. More…
| Operations | Investing | Financing |
| 552.39 | -1.05k | 500.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pnm Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.05k | 7.75k | 26.18 |
Key Ratios Snapshot
Some of the financial key ratios for Pnm Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 1.3% | 17.6% |
| FCF Margin | ROE | ROA |
| -22.1% | 10.2% | 2.3% |
Analysis – Pnm Resources Intrinsic Stock Value
At GoodWhale, we recently completed an analysis of the fundamentals of PNM RESOURCES. After careful consideration of the company’s financials, we determined that the intrinsic value of a share of PNM RESOURCES is around $51.5. This figure is based on our proprietary Valuation Line. As it stands, PNM RESOURCES’ stock is currently trading at $42.0. This presents a great opportunity for investors, as the share price is undervalued by 18.5%. For investors looking to capitalize on this, now is a great time to buy into PNM RESOURCES. More…
Peers
PNM Resources Inc is an electric utility company that serves New Mexico and Texas. The company has two main subsidiaries: Public Service Company of New Mexico and Texas-New Mexico Power Company. PNM Resources is the holding company for these two subsidiaries. The company has a market capitalization of $2.79 billion and its shares are traded on the New York Stock Exchange under the ticker symbol PNM. The company’s main competitors are Rosseti PJSC, Portland General Electric Co, and Centrais Eletricas Brasileiras SA.
– Rosseti PJSC ($NYSE:POR)
General Electric Co is an American multinational conglomerate corporation headquartered in Boston, Massachusetts. As of 2018, the company operates through the following segments: Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, and Capital. The company has a market cap of 3.91B as of 2022 and a return on equity of 9.64%.
– Portland General Electric Co ($NYSE:EBR.B)
Centrais Eletricas Brasileiras SA is a Brazilian electric utility company. The company is involved in the generation, transmission, and distribution of electricity in Brazil. The company has a market cap of 23.13B as of 2022 and a Return on Equity of 9.75%. The company is headquartered in Rio de Janeiro, Brazil.
Summary
PNM Resources (NYSE: PNM) recently announced a quarterly dividend increase of 5.4% to $0.3875 per share. This marks the company’s twelfth consecutive year of increased dividends, reflecting management’s confidence in the long-term growth potential of the business. PNM Resources is a holding company that operates a regulated electric utility business as well as an energy trading and marketing business. Its primary focus is on providing quality service to customers in New Mexico and Texas along with delivering attractive returns for shareholders.
The company has maintained a strong balance sheet and is well-positioned for future opportunities with its diversified revenue streams. Investing in PNM Resources can be a viable option for investors seeking exposure to the regulated utility space with a reliable dividend yield.
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