On the stock market since 1984, it operates in electricity, water and gas. It has 1,635 employees. Now — the numbers.
This is an established company with proven profits.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
An average decline of 100% a year over the last 4 years — the most striking risk in this picture.
The gap is $982K. In times of high interest rates, a gap like that can squeeze a company.
Executives buying with their own money is usually read as confidence in the company’s future.
The stock trades 17% below its peak. The market has trimmed its expectations for the company.
Over the last 12 months, company executives reported 41 buys and 36 sells. Management buying with its own money is usually read as a good sign.
It pays out $1.53 per share each year — regular cash for whoever holds the stock.
Since the drop from its peak, buyer appetite hasn’t come back.
On our five-subject report card, PNM sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: PNM is an established business that has proven its profits for years. The real debate isn’t the quality of the business — it’s whether the price paid for the stock is too high.