PNM Resources (Holding Co – Consensus indicates 7.7% upside potential
Resources PNM (Holding Co found using the ticker (PNM) now have 7 total analysts covering the stock. The consensus rating is “Hold”. The target price ranges between 53 and 45 with an average TP of 49.66. Now, with the previous closing price of 46.13, this indicates that there is 7.7% upside potential. The 50-day moving average now stands at 45.25 and the 200-day MA is at 47.68. The company has a market capitalization of $3,960 million. Visit the company’s website at: https://www.pnmresources.com
The potential market cap would be $4,263 million based on market consensus.
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PNM Resources, through its subsidiaries, provides electricity and electrical services in the United States. It operates through the Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is engaged in the generation, transmission and distribution of electricity. It generates electricity from coal, natural gas and oil, nuclear fuel, solar, wind and geothermal energy sources. As of December 31, 2020, this segment owned or leased facilities with a total net generating capacity of 2,168 megawatts; and had 3,389 miles of electrical transmission lines, 6,077 miles of overhead distribution 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 had 983 miles of overhead power 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 offices throughout its service territory. The company serves approximately 800,000 homes and businesses in New Mexico and Texas. PNM Resources was established in 1917 and is headquartered in Albuquerque, New Mexico.