Oregon Public Employees Retirement Fund increased its stake in shares of PNM Resources, Inc. (Holding Co.) (NYSE:PNM) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,116 shares of the utilities provider’s stock after buying an additional 1,258 shares during the period. Oregon Public Employees Retirement Fund’s holdings in PNM Resources, Inc. (Holding Co.) were worth $1,114,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Edge Asset Management Inc. increased its stake in shares of PNM Resources, Inc. (Holding Co.) by 5.1% in the first quarter. Edge Asset Management Inc. now owns 678,133 shares of the utilities provider’s stock valued at $25,090,000 after buying an additional 32,788 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of PNM Resources, Inc. (Holding Co.) during the first quarter valued at approximately $507,000. Citadel Advisors LLC bought a new stake in shares of PNM Resources, Inc. (Holding Co.) during the first quarter valued at approximately $2,415,000. Strs Ohio increased its stake in shares of PNM Resources, Inc. (Holding Co.) by 20.2% in the first quarter. Strs Ohio now owns 635,700 shares of the utilities provider’s stock valued at $23,520,000 after buying an additional 106,900 shares in the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of PNM Resources, Inc. (Holding Co.) during the first quarter valued at approximately $548,000. 94.39% of the stock is owned by institutional investors and hedge funds.

PNM Resources, Inc. (NYSE PNM) traded up 0.48% on Thursday, reaching $40.30. The company had a trading volume of 94,188 shares. PNM Resources, Inc. has a 12 month low of $30.95 and a 12 month high of $40.45. The firm has a 50 day moving average price of $38.74 and a 200-day moving average price of $37.12. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 23.16 and a beta of 0.32.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. PNM Resources, Inc. (Holding Co.) had a return on equity of 8.63% and a net margin of 10.05%. The firm had revenue of $362.32 million for the quarter. During the same period in the prior year, the business earned $0.40 EPS. Analysts forecast that PNM Resources, Inc. will post $1.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, August 3rd. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio is 55.43%.

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Several equities research analysts have recently commented on PNM shares. Zacks Investment Research downgraded PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub downgraded PNM Resources, Inc. (Holding Co.) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Mizuho started coverage on PNM Resources, Inc. (Holding Co.) in a research report on Wednesday, April 19th. They set an “underperform” rating and a $32.25 price target on the stock. Jefferies Group LLC reissued a “hold” rating and set a $38.00 price target on shares of PNM Resources, Inc. (Holding Co.) in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $39.00 price target on PNM Resources, Inc. (Holding Co.) and gave the company a “buy” rating in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.47.

In other news, Director Norman P. Becker purchased 2,500 shares of the company’s stock in a transaction on Monday, June 5th. The shares were purchased at an average price of $38.98 per share, with a total value of $97,450.00. Following the purchase, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $223,433.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.26% of the company’s stock.

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.

Institutional Ownership by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

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