Comerica Bank Cuts Stake in PNM Resources, by 1.9% in 4th Quarter
April 21, 2023
Trending News 🌧️
PNM ($NYSE:PNM) Resources, Inc. is a publicly traded energy holding company headquartered in Albuquerque, New Mexico. The company delivers electricity and natural gas through its two regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM Resources also owns and operates several non-regulated subsidiaries, including, among others, PNM Energy Resources and Energy-Efficient Strategies. This was reported by the firm in a filing with the U.S. Securities and Exchange Commission. As one of the largest energy holding companies in the U.S., PNM Resources provides a variety of services to its customers. PNM’s subsidiaries provide a wide range of services, from traditional energy delivery to energy efficiency programs and renewable energy generation.
Additionally, PNM Resources is committed to delivering reliable and efficient energy solutions to its customers and is continuously exploring new ways to improve its energy services.
Stock Price
The stock opened at $49.0 and closed at $48.9, down 0.3% from its previous closing price of $49.1. This decline could be attributed to the bank’s decision to reduce its percentage ownership of PNM Resources, Inc. shares. Despite this drop in stock price, it is likely that PNM Resources, Inc. will remain a popular investment choice due to its strong financial performance over recent years. Live Quote…
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 |
| 2.25k | 169.53 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pnm Resources. More…
| Operations | Investing | Financing |
| 567.28 | -950.35 | 386.04 |
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 |
| 9.26k | 7k | 25.67 |
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 |
| 15.6% | 10.1% | 15.1% |
| FCF Margin | ROE | ROA |
| -15.3% | 9.6% | 2.3% |
Analysis
At GoodWhale, we recently conducted an analysis of PNM Resources’ financials. Based on our Risk Rating, PNM RESOURCES is a medium risk investment in terms of financial and business aspects. We have detected 2 risk warnings in the income sheet and balance sheet of the company which are noteworthy. If you would like to find out what these risks are, please register on goodwhale.com and have a look. Our comprehensive financial analysis can help guide you in making the best possible investment decisions. 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
This could signify a lack of confidence in the company’s long-term prospects or the current market environment, and investors should research thoroughly before investing. Analysts have suggested looking at the company’s financial statements, such as its balance sheet, cash flow statement, and income statement, to get an overall picture of its performance and profitability. Additionally, it is important to study the company’s management team, business strategy, and competitive environment to gain insight into its projected performance. Ultimately, investors should carefully weigh the risks and rewards of investing in PNM Resources, Inc. before making any decisions.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
