PNM Resources Inc. (NYSE:PNM)’s share price traded down 0.1% on Friday . The company traded as low as $34.80 and last traded at $35.12, with a volume of 223,180 shares traded. The stock had previously closed at $35.17.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered PNM Resources from a “hold” rating to a “sell” rating in a research report on Saturday, June 18th. SunTrust Banks Inc. boosted their target price on PNM Resources from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 14th. Jefferies Group reissued a “hold” rating on shares of PNM Resources in a research report on Monday, May 2nd. Argus boosted their target price on PNM Resources from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, March 21st. Finally, Barclays PLC boosted their target price on PNM Resources from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.50.

The stock has a market capitalization of $2.81 billion and a price-to-earnings ratio of 243.31. The stock’s 50 day moving average price is $33.83 and its 200-day moving average price is $32.46.

PNM Resources (NYSE:PNM) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The company earned $310.90 million during the quarter, compared to the consensus estimate of $358 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. PNM Resources’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts anticipate that PNM Resources Inc. will post $1.61 earnings per share for the current year.

A number of large investors recently modified their holdings of the stock. TD Asset Management Inc. increased its stake in shares of PNM Resources by 10.0% in the fourth quarter. TD Asset Management Inc. now owns 43,900 shares of the company’s stock worth $1,342,000 after buying an additional 4,000 shares during the last quarter. Bailard Inc. bought a new stake in shares of PNM Resources during the fourth quarter worth $1,382,000. Liberty Mutual Group Asset Management Inc. increased its stake in shares of PNM Resources by 51.8% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 51,346 shares of the company’s stock worth $1,570,000 after buying an additional 17,511 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of PNM Resources during the fourth quarter worth $1,619,000. Finally, State of Wisconsin Investment Board increased its stake in shares of PNM Resources by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 58,050 shares of the company’s stock worth $1,775,000 after buying an additional 1,736 shares during the last quarter.

PNM Resources, Inc (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Company’s business segments include PNM, TNMP and Corporate and Other. PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers.

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