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 |
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
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)
8-K - TXNM ENERGY INC (0001108426) (Filer)
424B3 - TXNM ENERGY INC (0001108426) (Filer)
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)
ALBUQUERQUE, N.M., April 9, 2025 /PRNewswire/ -- The Hearing Examiners of the New Mexico Public Regulation Commission (NMPRC) issued a Certification of Stipulation recommending approval of the unopposed stipulation filed by PNM, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM), and parties in PNM's 2025 Rate Request application. The stipulation was filed in November 2024 and hearings were held in February 2025. If approved by the NMPRC, customer rates are phased in under the stipulation with 50% of the increase effective July 1, 2025, and the remaining increase effective A
ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) approved the 2025-2027 System Resiliency Plan filed by TNMP, a wholly-owned subsidiary of TXNM Energy (NYSE:TXNM). Under the plan, TNMP will invest $545.8 million over three years to mitigate various types of resiliency events posing material risk to the safe and reliable operation of TNMP's distribution system. The plan also encompasses operations and maintenance expenses associated with several programs, including vegetation management and wildfire mitigation. TNMP's filed
2025 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., March 10, 2025 /PRNewswire/ -- TXNM Energy, Inc. (NYSE:TXNM) management will meet with analysts and investors this week. During the meetings, management is expected to affirm the company's 2025 consolidated earnings guidance of $2.74 to $2.84 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, New Mexico, delivers energy to more than
2025 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., March 4, 2025 /PRNewswire/ -- TXNM Energy, Inc. (NYSE:TXNM) management will meet with analysts and investors this week. During the meetings, management is expected to affirm the company's 2025 consolidated earnings guidance of $2.74 to $2.84 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, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more info
2024 GAAP earnings of $2.67 per diluted share, ongoing earnings of $2.74 per diluted share achieves guidance expectation2025 ongoing earnings guidance range introduced at $2.74 - $2.84 per diluted share reflects strong Texas growth, mid-year implementation of PNM customer rate phase-inIncreased long-term earnings per share growth target of 7% to 9%ALBUQUERQUE, N.M., Feb. 21, 2025 /PRNewswire/ -- TXNM Energy (NYSE:TXNM) today reported 2024 earnings results and refreshed its growth outlook, increasing its long-term earnings growth target to 7% to 9%. In addition, management announced 2025 consolidated ongoing earnings guidance of $2.74 to $2.84 per diluted share.
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