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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.01
PNM's Cash to Debt is ranked lower than
97% of the 605 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.26 vs. PNM: 0.01 )
Ranked among companies with meaningful Cash to Debt only.
PNM' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.01 Max: 0.27
Current: 0.01
0
0.27
Equity to Asset 0.29
PNM's Equity to Asset is ranked lower than
65% of the 615 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. PNM: 0.29 )
Ranked among companies with meaningful Equity to Asset only.
PNM' s Equity to Asset Range Over the Past 10 Years
Min: 0.23  Med: 0.32 Max: 0.37
Current: 0.29
0.23
0.37
Interest Coverage 2.62
PNM's Interest Coverage is ranked lower than
75% of the 409 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.92 vs. PNM: 2.62 )
Ranked among companies with meaningful Interest Coverage only.
PNM' s Interest Coverage Range Over the Past 10 Years
Min: 1.04  Med: 1.91 Max: 2.51
Current: 2.62
1.04
2.51
F-Score: 7
Z-Score: 0.91
M-Score: -2.72
WACC vs ROIC
4.17%
5.13%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 21.13
PNM's Operating margin (%) is ranked higher than
73% of the 619 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 12.68 vs. PNM: 21.13 )
Ranked among companies with meaningful Operating margin (%) only.
PNM' s Operating margin (%) Range Over the Past 10 Years
Min: -11.73  Med: 13.52 Max: 20.87
Current: 21.13
-11.73
20.87
Net-margin (%) 8.73
PNM's Net-margin (%) is ranked higher than
55% of the 619 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.32 vs. PNM: 8.73 )
Ranked among companies with meaningful Net-margin (%) only.
PNM' s Net-margin (%) Range Over the Past 10 Years
Min: -13.78  Med: 6.72 Max: 10.4
Current: 8.73
-13.78
10.4
ROE (%) 7.28
PNM's ROE (%) is ranked lower than
60% of the 615 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.87 vs. PNM: 7.28 )
Ranked among companies with meaningful ROE (%) only.
PNM' s ROE (%) Range Over the Past 10 Years
Min: -16.21  Med: 6.38 Max: 10.95
Current: 7.28
-16.21
10.95
ROA (%) 2.15
PNM's ROA (%) is ranked lower than
64% of the 631 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.88 vs. PNM: 2.15 )
Ranked among companies with meaningful ROA (%) only.
PNM' s ROA (%) Range Over the Past 10 Years
Min: -4.49  Med: 1.94 Max: 3.39
Current: 2.15
-4.49
3.39
ROC (Joel Greenblatt) (%) 7.48
PNM's ROC (Joel Greenblatt) (%) is ranked lower than
63% of the 626 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.57 vs. PNM: 7.48 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
PNM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -8.22  Med: 7.42 Max: 11.71
Current: 7.48
-8.22
11.71
Revenue Growth (3Y)(%) -1.90
PNM's Revenue Growth (3Y)(%) is ranked lower than
74% of the 529 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.50 vs. PNM: -1.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
PNM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -13.5  Med: -1.90 Max: 29.7
Current: -1.9
-13.5
29.7
EBITDA Growth (3Y)(%) -2.20
PNM's EBITDA Growth (3Y)(%) is ranked lower than
68% of the 494 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.00 vs. PNM: -2.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
PNM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -14.9  Med: 2.55 Max: 32.3
Current: -2.2
-14.9
32.3
EPS Growth (3Y)(%) -9.70
PNM's EPS Growth (3Y)(%) is ranked lower than
75% of the 465 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.00 vs. PNM: -9.70 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
PNM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -27.6  Med: -7.75 Max: 31.3
Current: -9.7
-27.6
31.3
» PNM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

PNM Guru Trades in Q1 2015

Jim Simons 551,000 sh (+10.55%)
Chuck Royce 319,400 sh (unchged)
Mario Gabelli 2,921,950 sh (-0.49%)
Pioneer Investments 860,776 sh (-0.68%)
Paul Tudor Jones 9,260 sh (-55.54%)
John Keeley 69,808 sh (-86.65%)
» More
Q2 2015

PNM Guru Trades in Q2 2015

Jim Simons 692,303 sh (+25.64%)
Paul Tudor Jones 10,400 sh (+12.31%)
Chuck Royce Sold Out
Pioneer Investments Sold Out
Mario Gabelli 2,884,250 sh (-1.29%)
John Keeley 8,178 sh (-88.29%)
» More
Q3 2015

PNM Guru Trades in Q3 2015

Paul Tudor Jones Sold Out
John Keeley Sold Out
Mario Gabelli 2,693,950 sh (-6.60%)
Jim Simons 483,200 sh (-30.20%)
» More
Q4 2015

PNM Guru Trades in Q4 2015

Jim Simons 536,100 sh (+10.95%)
Mario Gabelli 2,692,150 sh (-0.07%)
» More
» Details

Insider Trades

Latest Guru Trades with PNM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on PNM Resources Inc

Mario Gabelli Comments on PNM Resources Inc. - Nov 11, 2015

PNM Resources Inc. (NYSE:PNM)(2.2%) (PNM – $28.05 – NYSE) is a public utility holding company headquartered in Albuquerque, New Mexico. Regulated electric utility subsidiaries include Public Service Company of New Mexico (PSNM) and Texas-New Mexico Power Company (TNMP). PNM expects rate base growth of 5%-7% per annum at both PSNM and TNMP. PNM’s 2015-2019 capital plan totals $2.2 billion, including $577 million in 2015, $527 million in 2016, $448 million in 2017, $302 million (excluding $165 million for Palo Verde Unit 3) in 2018, and $382 million in 2019. PNM reached a settlement agreement regarding the final environmental retrofit plan and ownership changes for the San Juan coal units, and is awaiting final approval of that plan from the NMPRC. Additionally, PSNM refiled an important New Mexico rate case on August 27, 2015. It requested a $123.5 million annual revenue increase, based on a 10.5% allowed ROE using a rate base of $2.5 billion, for the test year October 2015-September 2016. Roughly $95 million of higher rates are necessary to recognize roughly $655 million of rate base additions. $31 million of the revenue deficiency is due to forecast load decline, including an 11% decrease in large customers, an 8% decrease in average commercial use, and a 5% decrease in average use among residential customers. In addition, the filing requests structural rate design changes, including higher fixed and demand charges, lower customer subsidies, and a decoupling pilot program. PSNM expects a NMPRC rate order in the third quarter of 2016. TNMP benefits from annual distribution and transmission rate adjustments, as well as well above average sales growth, but may file a general rate request in the near future. Assuming fair regulatory treatment, PNM targets 7%-9% annual earnings growth, which includes a 2016 earnings power of $1.90-$1.97 per share.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Industrials Fund shareholder commentary for third quarter 2015.

Check out Mario Gabelli latest stock trades

Top Ranked Articles about PNM Resources Inc

Mario Gabelli Comments on PNM Resources Inc. Guru stock highlight
PNM Resources Inc. (NYSE:PNM)(2.2%) (PNM – $28.05 – NYSE) is a public utility holding company headquartered in Albuquerque, New Mexico. Regulated electric utility subsidiaries include Public Service Company of New Mexico (PSNM) and Texas-New Mexico Power Company (TNMP). PNM expects rate base growth of 5%-7% per annum at both PSNM and TNMP. PNM’s 2015-2019 capital plan totals $2.2 billion, including $577 million in 2015, $527 million in 2016, $448 million in 2017, $302 million (excluding $165 million for Palo Verde Unit 3) in 2018, and $382 million in 2019. PNM reached a settlement agreement regarding the final environmental retrofit plan and ownership changes for the San Juan coal units, and is awaiting final approval of that plan from the NMPRC. Additionally, PSNM refiled an important New Mexico rate case on August 27, 2015. It requested a $123.5 million annual revenue increase, based on a 10.5% allowed ROE using a rate base of $2.5 billion, for the test year October 2015-September 2016. Roughly $95 million of higher rates are necessary to recognize roughly $655 million of rate base additions. $31 million of the revenue deficiency is due to forecast load decline, including an 11% Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 20.18
PNM's P/E(ttm) is ranked lower than
71% of the 909 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.62 vs. PNM: 20.18 )
Ranked among companies with meaningful P/E(ttm) only.
PNM' s P/E(ttm) Range Over the Past 10 Years
Min: 7.94  Med: 19.11 Max: 158.48
Current: 20.18
7.94
158.48
Forward P/E 16.72
PNM's Forward P/E is ranked lower than
70% of the 499 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.49 vs. PNM: 16.72 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 20.09
PNM's PE(NRI) is ranked lower than
63% of the 658 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.46 vs. PNM: 20.09 )
Ranked among companies with meaningful PE(NRI) only.
PNM' s PE(NRI) Range Over the Past 10 Years
Min: 7.96  Med: 19.62 Max: 38.83
Current: 20.09
7.96
38.83
P/B 1.40
PNM's P/B is ranked lower than
55% of the 909 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.27 vs. PNM: 1.40 )
Ranked among companies with meaningful P/B only.
PNM' s P/B Range Over the Past 10 Years
Min: 0.32  Med: 1.06 Max: 1.61
Current: 1.4
0.32
1.61
P/S 1.75
PNM's P/S is ranked lower than
75% of the 905 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.93 vs. PNM: 1.75 )
Ranked among companies with meaningful P/S only.
PNM' s P/S Range Over the Past 10 Years
Min: 0.27  Med: 0.99 Max: 1.79
Current: 1.75
0.27
1.79
POCF 6.04
PNM's POCF is ranked higher than
56% of the 899 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.67 vs. PNM: 6.04 )
Ranked among companies with meaningful POCF only.
PNM' s POCF Range Over the Past 10 Years
Min: 3.55  Med: 6.34 Max: 25.55
Current: 6.04
3.55
25.55
EV-to-EBIT 14.25
PNM's EV-to-EBIT is ranked lower than
56% of the 908 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.52 vs. PNM: 14.25 )
Ranked among companies with meaningful EV-to-EBIT only.
PNM' s EV-to-EBIT Range Over the Past 10 Years
Min: -29.9  Med: 14.10 Max: 87.6
Current: 14.25
-29.9
87.6
EV-to-EBITDA 8.70
PNM's EV-to-EBITDA is ranked higher than
50% of the 908 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.70 vs. PNM: 8.70 )
Ranked among companies with meaningful EV-to-EBITDA only.
PNM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -36.2  Med: 8.70 Max: 126.9
Current: 8.7
-36.2
126.9
PEG 1.45
PNM's PEG is ranked higher than
66% of the 264 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.49 vs. PNM: 1.45 )
Ranked among companies with meaningful PEG only.
PNM' s PEG Range Over the Past 10 Years
Min: 0.52  Med: 1.27 Max: 17.99
Current: 1.45
0.52
17.99
Shiller P/E 38.96
PNM's Shiller P/E is ranked lower than
88% of the 321 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 21.55 vs. PNM: 38.96 )
Ranked among companies with meaningful Shiller P/E only.
PNM' s Shiller P/E Range Over the Past 10 Years
Min: 4.92  Med: 18.41 Max: 39.72
Current: 38.96
4.92
39.72
Current Ratio 0.79
PNM's Current Ratio is ranked lower than
72% of the 626 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.08 vs. PNM: 0.79 )
Ranked among companies with meaningful Current Ratio only.
PNM' s Current Ratio Range Over the Past 10 Years
Min: 0.38  Med: 0.96 Max: 2.27
Current: 0.79
0.38
2.27
Quick Ratio 0.66
PNM's Quick Ratio is ranked lower than
74% of the 626 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.98 vs. PNM: 0.66 )
Ranked among companies with meaningful Quick Ratio only.
PNM' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 0.82 Max: 2.13
Current: 0.66
0.36
2.13
Days Inventory 35.55
PNM's Days Inventory is ranked lower than
65% of the 551 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 23.24 vs. PNM: 35.55 )
Ranked among companies with meaningful Days Inventory only.
PNM' s Days Inventory Range Over the Past 10 Years
Min: 11.09  Med: 19.25 Max: 34.14
Current: 35.55
11.09
34.14
Days Sales Outstanding 27.83
PNM's Days Sales Outstanding is ranked higher than
79% of the 465 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 48.39 vs. PNM: 27.83 )
Ranked among companies with meaningful Days Sales Outstanding only.
PNM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.84  Med: 22.95 Max: 25.62
Current: 27.83
18.84
25.62
Days Payable 64.13
PNM's Days Payable is ranked lower than
51% of the 459 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 64.81 vs. PNM: 64.13 )
Ranked among companies with meaningful Days Payable only.
PNM' s Days Payable Range Over the Past 10 Years
Min: 36.49  Med: 47.47 Max: 62.68
Current: 64.13
36.49
62.68

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.59
PNM's Dividend Yield is ranked lower than
80% of the 896 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.11 vs. PNM: 2.59 )
Ranked among companies with meaningful Dividend Yield only.
PNM' s Dividend Yield Range Over the Past 10 Years
Min: 2.29  Med: 2.96 Max: 9.86
Current: 2.59
2.29
9.86
Dividend Payout 0.50
PNM's Dividend Payout is ranked higher than
70% of the 588 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.55 vs. PNM: 0.50 )
Ranked among companies with meaningful Dividend Payout only.
PNM' s Dividend Payout Range Over the Past 10 Years
Min: 0.09  Med: 0.49 Max: 9.25
Current: 0.5
0.09
9.25
Dividend Growth (3y) 14.00
PNM's Dividend Growth (3y) is ranked higher than
79% of the 328 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.10 vs. PNM: 14.00 )
Ranked among companies with meaningful Dividend Growth (3y) only.
PNM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -18.1  Med: 5.15 Max: 30.5
Current: 14
-18.1
30.5
Forward Dividend Yield 2.78
PNM's Forward Dividend Yield is ranked lower than
74% of the 901 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.72 vs. PNM: 2.78 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.89
PNM's Yield on cost (5-Year) is ranked lower than
61% of the 899 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.50 vs. PNM: 3.89 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
PNM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 3.43  Med: 4.43 Max: 14.76
Current: 3.89
3.43
14.76
3-Year Average Share Buyback Ratio 3.70
PNM's 3-Year Average Share Buyback Ratio is ranked higher than
96% of the 336 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -2.00 vs. PNM: 3.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PNM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -9.1  Med: -0.90 Max: 4.3
Current: 3.7
-9.1
4.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.71
PNM's Price/Tangible Book is ranked higher than
52% of the 898 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.77 vs. PNM: 1.71 )
Ranked among companies with meaningful Price/Tangible Book only.
PNM' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.54  Med: 1.13 Max: 2.67
Current: 1.71
0.54
2.67
Price/Projected FCF 2.41
PNM's Price/Projected FCF is ranked lower than
73% of the 573 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.42 vs. PNM: 2.41 )
Ranked among companies with meaningful Price/Projected FCF only.
PNM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.34  Med: 1.44 Max: 124.33
Current: 2.41
0.34
124.33
Price/Median PS Value 1.77
PNM's Price/Median PS Value is ranked lower than
97% of the 909 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.97 vs. PNM: 1.77 )
Ranked among companies with meaningful Price/Median PS Value only.
PNM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.36  Med: 0.82 Max: 1.7
Current: 1.77
0.36
1.7
Price/Peter Lynch Fair Value 1.34
PNM's Price/Peter Lynch Fair Value is ranked lower than
55% of the 240 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.18 vs. PNM: 1.34 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
PNM' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.45  Med: 1.21 Max: 3.85
Current: 1.34
0.45
3.85
Price/Graham Number 1.24
PNM's Price/Graham Number is ranked lower than
56% of the 808 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.14 vs. PNM: 1.24 )
Ranked among companies with meaningful Price/Graham Number only.
PNM' s Price/Graham Number Range Over the Past 10 Years
Min: 0.49  Med: 0.91 Max: 1.71
Current: 1.24
0.49
1.71
Earnings Yield (Greenblatt) (%) 6.91
PNM's Earnings Yield (Greenblatt) (%) is ranked higher than
58% of the 620 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.30 vs. PNM: 6.91 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PNM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.1  Med: 6.90 Max: 13.9
Current: 6.91
1.1
13.9
Forward Rate of Return (Yacktman) (%) 14.41
PNM's Forward Rate of Return (Yacktman) (%) is ranked higher than
84% of the 367 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.64 vs. PNM: 14.41 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
PNM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -30.1  Med: -3.90 Max: 34.1
Current: 14.41
-30.1
34.1

More Statistics

Revenue(Mil) $1450
EPS $ 1.58
Beta0.33
Short Percentage of Float3.56%
52-Week Range $24.42 - 32.51
Shares Outstanding(Mil)79.65

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 1,450 1,477 1,560 1,612
EPS($) 1.59 1.60 1.90 2.08
EPS without NRI($) 1.59 1.60 1.90 2.08

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:WR, EE, ENI, NGG, DTE » details
Traded in other countries:98P.Germany,
PNM Resources Inc was incorporated in the State of New Mexico in 2000. The Company is an investor-owned holding company of utilities providing electricity and electric services in New Mexico and Texas. The Company's main utilities include PNM and TNMP. PNM is an electric utility company that provides electric generation, transmission, and distribution service to its rate-regulated customers. In New Mexico, PNM's retail electric service territory covers an area of north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico. PNM also provides electricity to firm-requirements wholesale customers in New Mexico and Arizona. Other services provided by PNM include transmission services to third parties as well as the generation and sale of electricity into the wholesale market. PNM owns or leases transmission lines, interconnected with other utilities in New Mexico, Texas, Arizona, Colorado, and Utah. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of TECA and the Texas Public Utility Regulatory Act. TNMP serves a market of small to medium sized communities, which have populations of less than 50,000. TNMP's service territory consists of three non-contiguous areas. TNMP provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP's service area. The Company's utilities compete with other utilizes in its region as well as rural electric cooperatives and municipal utilities. The Company is subject to numerous federal, state, and local environmental laws and regulations.
» More Articles for PNM

Headlines

Articles On GuruFocus.com
Mario Gabelli Comments on PNM Resources Inc. Nov 11 2015 
Addendum to: Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
The Best Dividends on March 30, 2012 Mar 29 2012 
Weekly Guru Bargains Highlights: CIT Group Inc., AutoNation Inc., Allied Capital Corp., Liz Claiborn Jul 07 2008 

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