PNM Resources Inc. Reaches New 12-Month High at $24.62 (PNM)
PNM Resources (NYSE:PNM)’s share price reached a new 52-week high during trading on Friday, AnalystRatings.Net reports. The stock traded as high as $24.62 and last traded at $24.53, with a volume of 232,875 shares traded. The stock had previously closed at $24.04.
PNM Resources has a one year low of $20.06 and a one year high of $24.53. The stock has a 50-day moving average of $23.55 and a 200-day moving average of $23.06. The company has a market cap of $1.958 billion and a price-to-earnings ratio of 19.08.
PNM Resources (NYSE:PNM) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that PNM Resources will post $1.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Thursday, January 23rd will be paid a dividend of 0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Tuesday, January 21st. This is an increase from PNM Resources’s previous quarterly dividend of $0.17.
PNM Resources, Inc (NYSE:PNM) is an investor-owned holding company of energy and energy-related businesses.
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