Several brokerages have updated their recommendations and price targets on shares of PNM Resources, Inc. (Holding Co.) (NYSE: PNM) in the last few weeks:

  • 8/2/2017 – PNM Resources, Inc. (Holding Co.) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S. “
  • 7/28/2017 – PNM Resources, Inc. (Holding Co.) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/21/2017 – PNM Resources, Inc. (Holding Co.) had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $38.00 price target on the stock.
  • 7/20/2017 – PNM Resources, Inc. (Holding Co.) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S. “
  • 7/19/2017 – PNM Resources, Inc. (Holding Co.) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – PNM Resources, Inc. (Holding Co.) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S. “
  • 7/1/2017 – PNM Resources, Inc. (Holding Co.) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

PNM Resources, Inc. (PNM) traded up 0.53% on Tuesday, reaching $41.82. 606,644 shares of the company traded hands. The stock’s 50 day moving average price is $38.87 and its 200 day moving average price is $37.20. PNM Resources, Inc. has a one year low of $30.95 and a one year high of $42.20. The company has a market capitalization of $3.33 billion, a PE ratio of 24.03 and a beta of 0.32.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $362.32 million during the quarter. PNM Resources, Inc. (Holding Co.) had a net margin of 10.05% and a return on equity of 8.57%. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts predict that PNM Resources, Inc. will post $1.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.2425 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 2.32%. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio is currently 55.43%.

In related news, Director Norman P. Becker purchased 2,500 shares of PNM Resources, Inc. (Holding Co.) stock in a transaction dated Monday, June 5th. The stock was purchased at an average cost of $38.98 per share, for a total transaction of $97,450.00. Following the completion of the purchase, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $223,433.36. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Patrick V. Apodaca sold 5,333 shares of PNM Resources, Inc. (Holding Co.) stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $40.43, for a total transaction of $215,613.19. Following the completion of the sale, the senior vice president now owns 65,009 shares of the company’s stock, valued at $2,628,313.87. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

PNM Resources, Inc (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.

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