PNM Resources (Holding Co with ticker code (PNM) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 53 and 46 with the average target price sitting at 50.51. Now with the previous closing price of 48.45 this would imply there is a potential upside of 4.3%. There is a 50 day moving average of 46.94 and the 200 day MA is 46.78. The market cap for the company is $4,143m. Visit the company website at: https://www.pnmresources.com
The potential market cap would be $4,319m 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.
