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

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of PNM Resources, Inc. (Holding Co.) from a hold rating to a sell rating in a report on Thursday, July 20th. Argus restated a buy rating and issued a $41.40 target price (down previously from $43.00) on shares of PNM Resources, Inc. (Holding Co.) in a report on Friday, August 11th. BidaskClub upgraded shares of PNM Resources, Inc. (Holding Co.) from a sell rating to a hold rating in a report on Friday, July 28th. Bank of America Corporation began coverage on shares of PNM Resources, Inc. (Holding Co.) in a report on Tuesday, October 24th. They issued an underperform rating and a $38.00 target price for the company. Finally, Wells Fargo & Company began coverage on shares of PNM Resources, Inc. (Holding Co.) in a report on Friday, September 22nd. They issued a market perform rating and a $42.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $39.74.

PNM Resources, Inc. (NYSE:PNM) opened at $43.40 on Friday. PNM Resources, Inc. has a 12-month low of $31.00 and a 12-month high of $43.80. 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 company has a market cap of $3,456.98, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 4.27 and a beta of 0.36.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $422.71 million. During the same quarter last year, the business earned $0.78 earnings per share. equities research analysts forecast that PNM Resources, Inc. will post 1.86 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “PNM Resources, Inc. (Holding Co.)’s (PNM) “Hold” Rating Reiterated at SunTrust Banks, Inc.” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/13/pnm-resources-inc-holding-co-s-pnm-hold-rating-reiterated-at-suntrust-banks-inc.html.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, October 30th will be issued a dividend of $0.2425 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.97 dividend on an annualized basis and a yield of 2.24%. PNM Resources, Inc. (Holding Co.)’s payout ratio is 48.74%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its holdings in PNM Resources, Inc. (Holding Co.) by 7.1% during the 3rd 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 holdings in PNM Resources, Inc. (Holding Co.) by 2.8% during the 3rd 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 stake in PNM Resources, Inc. (Holding Co.) during the 3rd quarter valued at about $374,000. 361 Capital LLC bought a new stake in PNM Resources, Inc. (Holding Co.) during the 3rd quarter valued at about $2,034,000. Finally, SG Americas Securities LLC lifted its holdings in PNM Resources, Inc. (Holding Co.) by 9.6% during the 3rd 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. Institutional investors own 93.67% 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.

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

Receive News & Stock Ratings for PNM Resources Inc. (Holding Co.) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNM Resources Inc. (Holding Co.) and related stocks with our FREE daily email newsletter.