SunTrust Banks, Inc. reiterated their hold rating on shares of PNM Resources, Inc. (Holding Co.) (NYSE:PNM) in a research report report published on Friday morning. SunTrust Banks, Inc. currently has a $38.00 price target on the utilities provider’s stock.

Several other research firms have also weighed in on PNM. Zacks Investment Research raised shares of PNM Resources, Inc. (Holding Co.) from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research note on Wednesday, November 1st. Mizuho reissued a sell rating and set a $35.00 price objective on shares of PNM Resources, Inc. (Holding Co.) in a research note on Monday, October 30th. ValuEngine raised 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 lowered shares of PNM Resources, Inc. (Holding Co.) from a hold rating to a sell rating and set a $38.00 price objective on the stock. in a research note on Monday, September 18th. Finally, KeyCorp reissued a hold rating on shares of PNM Resources, Inc. (Holding Co.) in a research note on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $39.74.

PNM Resources, Inc. (PNM) opened at $43.80 on Friday. The stock has a market cap of $3,456.97, a PE ratio of 21.27, a PEG ratio of 4.27 and a beta of 0.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.53 and a quick ratio of 0.43. PNM Resources, Inc. has a one year low of $31.00 and a one year high of $44.15.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.08. PNM Resources, Inc. (Holding Co.) had a net margin of 11.27% and a return on equity of 9.18%. The business had revenue of $419.90 million for the quarter, compared to analyst estimates of $422.71 million. During the same quarter last year, the firm earned $0.78 EPS. sell-side analysts expect that PNM Resources, Inc. will post 1.86 earnings per share for the current fiscal year.

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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 paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, October 27th. PNM Resources, Inc. (Holding Co.)’s payout ratio is currently 48.74%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB lifted its stake in PNM Resources, Inc. (Holding Co.) by 7.1% in the third quarter. Nordea Investment Management AB now owns 44,593 shares of the utilities provider’s stock valued at $1,797,000 after buying an additional 2,937 shares in the last quarter. American International Group Inc. lifted its stake in PNM Resources, Inc. (Holding Co.) by 2.8% in the third quarter. American International Group Inc. now owns 216,486 shares of the utilities provider’s stock valued at $8,724,000 after buying an additional 5,806 shares in the last quarter. Van ECK Associates Corp bought a new position in PNM Resources, Inc. (Holding Co.) in the third quarter valued at approximately $374,000. 361 Capital LLC bought a new position in PNM Resources, Inc. (Holding Co.) in the third quarter valued at approximately $2,034,000. Finally, SG Americas Securities LLC lifted its stake in PNM Resources, Inc. (Holding Co.) by 9.6% in the third quarter. SG Americas Securities LLC now owns 27,187 shares of the utilities provider’s stock valued at $1,096,000 after buying an additional 2,382 shares in the last quarter. 93.32% of the stock is currently owned by hedge funds and other institutional investors.

About PNM Resources, Inc. (Holding Co.)

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.

Analyst Recommendations for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

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