Published On: Thu, Sep 22nd, 2016

PNM Resources (PNM) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for PNM Resources (NYSE: PNM):

9/22/2016 – PNM Resources had its price target lowered by analysts at Argus from $40.00 to $38.00. They now have a “buy” rating on the stock.
9/20/2016 – PNM Resources was upgraded by analysts at Jefferies Group from a “hold” rating to a “buy” rating.
9/15/2016 – PNM Resources 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. “
9/12/2016 – PNM Resources had its price target lowered by analysts at SunTrust Banks Inc. from $34.00 to $33.00. They now have a “neutral” rating on the stock.
8/30/2016 – PNM Resources had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $35.00 price target on the stock.
8/29/2016 – PNM Resources had its price target lowered by analysts at SunTrust Banks Inc. from $35.00 to $34.00. They now have a “neutral” rating on the stock.
8/26/2016 – PNM Resources was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating.
8/26/2016 – PNM Resources 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. “

PNM Resources Inc. (NYSE:PNM) traded up 1.46% during trading on Thursday, reaching $34.71. The company’s stock had a trading volume of 585,021 shares. The stock’s 50-day moving average is $32.65 and its 200 day moving average is $33.15. PNM Resources Inc. has a 12 month low of $26.12 and a 12 month high of $36.15. The company has a market cap of $2.76 billion, a P/E ratio of 381.43 and a beta of 0.24.
PNM Resources (NYSE:PNM) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. PNM Resources had a net margin of 0.54% and a return on equity of 7.00%. The company had revenue of $315.39 million for the quarter, compared to analysts’ expectations of $379 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. PNM Resources’s revenue for the quarter was down 10.6% on a year-over-year basis. On average, equities analysts forecast that PNM Resources Inc. will post $1.59 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 31st will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.88 annualized dividend and a yield of 2.54%. PNM Resources’s payout ratio is 1,100.00%.
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 and Subsidiaries (PNM) and Texas-New Mexico Power Company and Subsidiaries (TNMP).

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