PNM Resources (Holding Co with ticker code (PNM) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 53 and 46 and has a mean target at 50.51. Given that the stocks previous close was at 48.61 this is indicating there is a potential upside of 3.9%. There is a 50 day moving average of 47.21 and the 200 moving average now moves to 46.7. The market cap for the company is $4,178m. You can visit the company’s website by visiting: https://www.pnmresources.com
The potential market cap would be $4,342m based on the market concensus.
PNM Resources, 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. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.
