PNM Resources, Inc. (Holding Co.) (PNM) Receiving Somewhat Favorable Press Coverage, Report Shows

Press coverage about PNM Resources, Inc. (Holding Co.) (NYSE:PNM) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PNM Resources, Inc. (Holding Co.) earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.8083847004195 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

PNM has been the subject of several research analyst reports. Argus reissued a “buy” rating and issued a $41.40 price objective (down from $43.00) on shares of PNM Resources, Inc. (Holding Co.) in a research note on Friday, August 11th. ValuEngine raised PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Wednesday, November 1st. BidaskClub raised PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price objective on shares of PNM Resources, Inc. (Holding Co.) in a research note on Friday, July 21st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.74.

Shares of PNM Resources, Inc. (PNM) opened at $44.50 on Thursday. PNM Resources, Inc. has a one year low of $31.00 and a one year high of $44.90. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.43 and a current ratio of 0.53. The firm has a market capitalization of $3,488.83, a PE ratio of 21.47, a PEG ratio of 4.31 and a beta of 0.36.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last posted its quarterly earnings results on Friday, October 27th. The utilities provider reported $0.93 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $422.71 million. During the same period last year, the business earned $0.78 EPS. equities research analysts anticipate that PNM Resources, Inc. will post 1.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, October 30th were paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, October 27th. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio (DPR) is presently 48.74%.

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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.

Insider Buying and Selling by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

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