Recent Research Analysts’ Ratings Updates for PNM Resources, Inc. (Holding Co.) (PNM)

A number of firms have modified their ratings and price targets on shares of PNM Resources, Inc. (Holding Co.) (NYSE: PNM) recently:

  • 11/10/2017 – PNM Resources, Inc. (Holding Co.) had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $38.00 price target on the stock.
  • 11/1/2017 – PNM Resources, Inc. (Holding Co.) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. 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. “
  • 10/30/2017 – PNM Resources, Inc. (Holding Co.) had its “sell” rating reaffirmed by analysts at Mizuho. They now have a $35.00 price target on the stock.
  • 10/24/2017 – PNM Resources, Inc. (Holding Co.) is now covered by analysts at Bank of America Corporation. They set an “underperform” rating and a $38.00 price target on the stock.
  • 10/24/2017 – PNM Resources, Inc. (Holding Co.) had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $38.00 price target on the stock.
  • 10/21/2017 – 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. “
  • 9/26/2017 – PNM Resources, Inc. (Holding Co.) was downgraded by analysts at Evercore ISI from an “in-line” rating to an “underperform” rating. They now have a $37.50 price target on the stock.
  • 9/22/2017 – PNM Resources, Inc. (Holding Co.) is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $42.00 price target on the stock.
  • 9/22/2017 – PNM Resources, Inc. (Holding Co.) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/18/2017 – PNM Resources, Inc. (Holding Co.) was downgraded by analysts at Williams Capital from a “hold” rating to a “sell” rating. They now have a $38.00 price target on the stock.

Shares of PNM Resources, Inc. (PNM) traded down $0.10 on Monday, hitting $43.40. The company had a trading volume of 415,700 shares, compared to its average volume of 589,691. The company has a quick ratio of 0.43, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. PNM Resources, Inc. has a one year low of $31.00 and a one year high of $43.80. The company has a market capitalization of $3,456.97, a price-to-earnings ratio of 21.27, a P/E/G ratio of 4.27 and a beta of 0.36.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last issued its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. PNM Resources, Inc. (Holding Co.) had a return on equity of 9.18% and a net margin of 11.27%. The company had revenue of $419.90 million during the quarter, compared to analyst estimates of $422.71 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. research analysts anticipate that PNM Resources, Inc. will post 1.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, October 30th will be issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, October 27th. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio is presently 48.74%.

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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