Vanguard Group Inc. raised its position in shares of PNM Resources, Inc. (Holding Co.) (NYSE:PNM) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,082,734 shares of the utilities provider’s stock after buying an additional 308,821 shares during the period. Vanguard Group Inc. owned 8.89% of PNM Resources, Inc. (Holding Co.) worth $262,061,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PNM. Cambiar Investors LLC purchased a new stake in PNM Resources, Inc. (Holding Co.) during the first quarter worth about $22,344,000. Jennison Associates LLC increased its stake in PNM Resources, Inc. (Holding Co.) by 41.5% in the first quarter. Jennison Associates LLC now owns 1,335,706 shares of the utilities provider’s stock worth $49,421,000 after buying an additional 391,505 shares in the last quarter. United Services Automobile Association purchased a new stake in PNM Resources, Inc. (Holding Co.) during the first quarter worth about $12,395,000. Ameriprise Financial Inc. increased its stake in PNM Resources, Inc. (Holding Co.) by 19.8% in the first quarter. Ameriprise Financial Inc. now owns 1,046,512 shares of the utilities provider’s stock worth $38,685,000 after buying an additional 173,041 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in PNM Resources, Inc. (Holding Co.) by 38.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 532,511 shares of the utilities provider’s stock worth $19,703,000 after buying an additional 148,956 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Shares of PNM Resources, Inc. (PNM) traded up 0.61% on Friday, reaching $41.20. The company had a trading volume of 537,060 shares. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 23.68 and a beta of 0.32. PNM Resources, Inc. has a 52 week low of $30.95 and a 52 week high of $41.30. The stock’s 50 day moving average is $38.74 and its 200 day moving average is $37.12.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its earnings results on Friday, July 28th. The utilities provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. PNM Resources, Inc. (Holding Co.) had a net margin of 10.05% and a return on equity of 8.57%. The company had revenue of $362.32 million during the quarter. During the same quarter last year, the business posted $0.40 EPS. On average, equities analysts anticipate that PNM Resources, Inc. will post $1.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a $0.2425 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.35%. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio is presently 55.43%.

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A number of equities analysts have recently commented on PNM shares. Zacks Investment Research raised PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. 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. Jefferies Group LLC restated 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, 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. 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. PNM Resources, Inc. (Holding Co.) has a consensus rating of “Hold” and an average price target of $36.47.

In other news, Director Norman P. Becker purchased 2,500 shares of the stock in a transaction dated Monday, June 5th. The stock was acquired at an average cost of $38.98 per share, for a total transaction of $97,450.00. Following the completion of the acquisition, the director now directly owns 5,732 shares in the company, valued at approximately $223,433.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Patrick V. Apodaca sold 5,333 shares of PNM Resources, Inc. (Holding Co.) stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $40.43, for a total transaction of $215,613.19. Following the sale, the senior vice president now owns 65,009 shares of the company’s stock, valued at $2,628,313.87. The disclosure for this sale can be found here. 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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