PNM Resources, Inc. (Holding Co.) (NYSE:PNM) – Analysts at SunTrust Banks reduced their Q4 2017 earnings estimates for shares of PNM Resources, Inc. (Holding Co.) in a research note issued to investors on Monday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will earn $0.17 per share for the quarter, down from their prior estimate of $0.24. SunTrust Banks has a “Hold” rating and a $38.00 price target on the stock. SunTrust Banks also issued estimates for PNM Resources, Inc. (Holding Co.)’s Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $1.75 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $1.03 EPS and FY2019 earnings at $2.08 EPS.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its quarterly earnings results on Friday, October 27th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.08. PNM Resources, Inc. (Holding Co.) had a net margin of 11.27% and a return on equity of 9.27%. The firm had revenue of $419.90 million for the quarter, compared to analysts’ expectations of $422.71 million. During the same quarter last year, the company earned $0.78 EPS. ILLEGAL ACTIVITY NOTICE: This story was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/31/q4-2017-eps-estimates-for-pnm-resources-inc-holding-co-pnm-lowered-by-suntrust-banks.html.

Several other research firms have also recently issued reports on PNM. Mizuho reiterated a “sell” rating and issued a $35.00 target price on shares of PNM Resources, Inc. (Holding Co.) in a research note on Monday. ValuEngine upgraded shares of PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Williams Capital cut shares of PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “sell” rating and set a $38.00 target price on the stock. in a research note on Monday, September 18th. KeyCorp reiterated a “hold” rating on shares of PNM Resources, Inc. (Holding Co.) in a research note on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 target price on shares of PNM Resources, Inc. (Holding Co.) in a research note on Thursday, August 31st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.99.

Shares of PNM Resources, Inc. (NYSE PNM) opened at 42.90 on Tuesday. The firm has a market cap of $3.42 billion, a PE ratio of 24.66 and a beta of 0.30. The company has a 50-day moving average of $41.56 and a 200-day moving average of $39.79. PNM Resources, Inc. has a 1-year low of $30.95 and a 1-year high of $43.40.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, October 30th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, October 27th. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio (DPR) is currently 48.74%.

In related news, SVP Ronald N. Darnell sold 5,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $40.97, for a total transaction of $204,850.00. Following the transaction, the senior vice president now owns 24,053 shares of the company’s stock, valued at approximately $985,451.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Patrick V. Apodaca sold 5,333 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $40.43, for a total transaction of $215,613.19. Following the transaction, the senior vice president now directly owns 65,009 shares in the company, valued at approximately $2,628,313.87. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of PNM Resources, Inc. (Holding Co.) during the 3rd quarter valued at $170,000. IFP Advisors Inc grew its holdings in shares of PNM Resources, Inc. (Holding Co.) by 42.2% during the 2nd quarter. IFP Advisors Inc now owns 4,247 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 1,260 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of PNM Resources, Inc. (Holding Co.) by 71.4% during the 2nd quarter. Flinton Capital Management LLC now owns 4,416 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 1,840 shares during the last quarter. US Bancorp DE grew its holdings in shares of PNM Resources, Inc. (Holding Co.) by 23.7% during the 2nd quarter. US Bancorp DE now owns 4,716 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 905 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of PNM Resources, Inc. (Holding Co.) during the 2nd quarter valued at $209,000. 94.47% of the stock is currently owned by institutional investors.

PNM Resources, Inc. (Holding Co.) Company Profile

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.

Earnings History and Estimates for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

Receive News & Ratings for PNM Resources Inc. (Holding Co.) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNM Resources Inc. (Holding Co.) and related companies with MarketBeat.com's FREE daily email newsletter.