SG Americas Securities LLC boosted its stake in shares of PNM Resources, Inc. (Holding Co.) (NYSE:PNM) by 9.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,187 shares of the utilities provider’s stock after purchasing an additional 2,382 shares during the period. SG Americas Securities LLC’s holdings in PNM Resources were worth $1,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNM. Teachers Advisors LLC grew its position in PNM Resources by 3.1% during the first quarter. Teachers Advisors LLC now owns 134,773 shares of the utilities provider’s stock valued at $4,987,000 after purchasing an additional 3,998 shares in the last quarter. LS Investment Advisors LLC grew its position in PNM Resources by 17.6% during the second quarter. LS Investment Advisors LLC now owns 6,195 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 925 shares in the last quarter. Aperio Group LLC grew its position in PNM Resources by 34.4% during the second quarter. Aperio Group LLC now owns 51,669 shares of the utilities provider’s stock valued at $1,976,000 after purchasing an additional 13,216 shares in the last quarter. US Bancorp DE grew its position in PNM Resources by 23.7% during the second quarter. US Bancorp DE now owns 4,716 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 905 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in PNM Resources by 41.5% during the second quarter. Russell Investments Group Ltd. now owns 155,862 shares of the utilities provider’s stock valued at $5,961,000 after purchasing an additional 45,741 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

PNM Resources, Inc. (PNM) remained flat at $$45.50 during midday trading on Friday. 476,680 shares of the company were exchanged, compared to its average volume of 493,543. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.53 and a quick ratio of 0.43. The stock has a market capitalization of $3,624.24, a price-to-earnings ratio of 22.30, a PEG ratio of 4.47 and a beta of 0.36. PNM Resources, Inc. has a fifty-two week low of $31.05 and a fifty-two week high of $45.80.

PNM Resources (NYSE:PNM) last posted its earnings results on Friday, October 27th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. The firm had revenue of $419.90 million during the quarter, compared to analysts’ expectations of $422.71 million. PNM Resources had a net margin of 11.27% and a return on equity of 9.18%. During the same period in the previous year, the company earned $0.78 earnings per share. equities research analysts anticipate that PNM Resources, Inc. will post 1.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 18th will be paid a $0.265 dividend. This is a boost from PNM Resources’s previous quarterly dividend of $0.24. This represents a $1.06 dividend on an annualized basis and a yield of 2.33%. PNM Resources’s payout ratio is 48.74%.

A number of brokerages recently commented on PNM. BidaskClub raised shares of PNM Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada downgraded shares of PNM Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 18th. Ladenburg Thalmann Financial Services downgraded shares of PNM Resources from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Friday, August 18th. Evercore ISI downgraded shares of PNM Resources from an “in-line” rating to an “underperform” rating and set a $37.50 price objective on the stock. in a research report on Tuesday, September 26th. Finally, Argus reaffirmed a “buy” rating and set a $41.40 price objective (down from $43.00) on shares of PNM Resources in a research report on Friday, August 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $39.74.

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PNM Resources 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.

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Institutional Ownership by Quarter for PNM Resources (NYSE:PNM)

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