How to Buy Pnm Resources Stock
Pnm Resources Inc
Pnm Resources is a regulated electric utility company located in New Mexico, United States, which is part of the Utilities sector, and is traded under the ticker PNM on the NYSE exchange.
Pnm Resources stock last closed at $36.32, up 0% from the previous day, and has decreased 25.34% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.16 percentage points. Pnm Resources stock is currently +4.9% from its 52-week low of $34.63, and -25.44% from its 52-week high of $48.71.
As of Apr 26, 2024, there are 90.2M shares of PNM outstanding. The market cap of PNM is $3.28B. In the past 24 hours, 499,157 PNM shares were traded.
How to Buy Pnm Resources Stock
Not sure how to invest in Pnm Resources stock? Here's how.
- Choose where to buy Pnm Resources stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Pnm Resources stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your information.
- Research Pnm Resources stock: The Pnm Resources ticker symbol is PNM. Is Pnm Resources stock a good investment? Should you buy shares of PNM? How do PNM's underlying business fundamentals look? Do top analysts think Pnm Resources is a good buy? Why has PNM's stock price moved recently? (Hint: Our stock research website can help you understand if PNM is a good stock to buy).
- Execute your PNM buy order: Decide if you will purchase PNM shares at the current market price or use a limit order to purchase PNM shares at a given price.
- Monitor your PNM position: Create a watchlist to keep tabs on your investment in Pnm Resources stock.
Step 1: Choose where to buy Pnm Resources stock
You will need a brokerage account in order to access the NYSE market and buy PNM stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to buy PNM today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on the best beginner stock app, you can securely and quickly fund your account:
Watch the tutorial below if you need help transferring funds into your new brokerage account.
Step 4: Research Pnm Resources stock
Once you have chosen the best place to buy Pnm Resources stock, it's critical to research their stock before you invest, so you can understand the risk as well as the upside.
Pnm Resources Numbers
PNM Overview
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on PNM's stock page.
Is PNM stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PNM's true value.
Using relative valuations methods:
- PNM could be overvalued based on its P/E ratio of 35.61x, relative to Utilities - Regulated Electric industry P/E ratio of 16.38x
- PNM could be undervalued based on its P/B ratio of 1.39x, relative to Utilities - Regulated Electric industry P/B ratio of 1.62x
You can access additional valuation research on PNM's stock here.
Is PNM a healthy company?
Cons:
- PNM has $2.22M in cash and short term investments. This is not enough to cover its annual cash burn of $491.99M.
- Total PNM debt is higher than 5 years ago, relative to shareholder equity.
- PNM has a relatively high debt to equity ratio of 3.34.
- PNM profit margin has gone down from 7.5% to 4.5% in the past year.
- There are more long-term liabilities than short-term assets on the PNM balance sheet.
- There are more short-term liabilities than short-term assets on the PNM balance sheet.
- PNM has cash burn of 491987000. It does not have enough cash and short-term investments to cover this.
Do analysts think it's a good time to buy PNM stock
Out of 2 Equities analysts who give recommendations on PNM, the consensus analyst rating on Pnm Resources is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Pnm Resources stock forecast page.
PNM Trading Indicators
How is PNM performing as a company?
Last year, PNM earnings were $87.29M. During the past five year, PNM's earnings have increased by -0.95% per year. This was slower than the Utilities - Regulated Electric industry average of 15.9%.
Last year, PNM revenue was $1.94B. In the last five year, PNM's revenue has gone up by 6.18% per year. This was faster than the Utilities - Regulated Electric industry average of 3.97%.
Learn more about PNM's earnings and revenue performance here.
Are PNM insiders buying or selling the stock?
Over the past year, executives and large shareholders at PNM have sold more shares than they have bought.
Patrick V. Apodaca, SVP GEN COUNSEL SECY of PNM, was the latest PNM insider to sell. They sold $11,661.66 worth of PNM stock on Mar 7, 2024.
Get more info about who owns PNM shares here.
Does PNM provide a stable income stream?
Pnm Resources pays a dividend of 4.16%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.93%. If you owned $1,000 worth of PNM stock, you would have received $41.57 last year.
Pnm Resources dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Pnm Resources dividend yield and history here.
Get analysis from other investors
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Step 5: Execute your PNM buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Press the Open button and your broker will place your order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Monitor your PNM position
Now that you own some PNM stock, you'll want to keep up with your shares.
Create a watchlist to get alerted to the latest events about your PNM stock.
PNM Feed
How to Buy Stock in Pnm Resources
To reiterate, here are the 6 steps to buy stock in Pnm Resources:
- Choose where to buy Pnm Resources stock
- Create your brokerage account
- Fund your investment account
- Research Pnm Resources stock
- Execute your PNM buy order
- Monitor your PNM position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Pnm Resources, create a watchlist on WallStreetZen today.
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