PNM Resources (Holding Co – Consensus indicates 8.1% 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 46 and has an average objective at 50.51. Now, with the previous closing price of 46.73, this would indicate that there is 8.1% upside potential. The 50 day moving average now sits at 46.8 and the 200 moving average now moves to 46.82. The company has a market capitalization of $4,033 million. Company website: https://www.pnmresources.com

The potential market capitalization would be $4,359 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. 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 owned or leased facilities with a total net generating capacity of 2,168 megawatts; and had 3,426 miles of electrical transmission lines, 5,751 miles of overhead distribution lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communications, 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 had 983 miles of overhead power 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 offices 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.

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