PNM Resources, Inc. (NYSE:PNM – Get Free Report) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.80.
Several research analysts have recently weighed in on PNM shares. Wells Fargo & Company upgraded PNM Resources from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research note on Wednesday, January 3rd. Barclays increased their price objective on PNM Resources from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday. TheStreet cut PNM Resources from a “b-” rating to a “c+” rating in a report on Thursday, January 4th. StockNews.com cut PNM Resources from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Finally, Mizuho cut PNM Resources from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Wednesday, January 3rd.
Hedge Funds Weigh In On PNM Resources
PNM Resources Stock Down 0.5 %
Shares of NYSE:PNM opened at $35.98 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 0.37 and a beta of 0.35. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.39 and a quick ratio of 0.31. The business has a fifty day moving average price of $37.18 and a two-hundred day moving average price of $39.84. PNM Resources has a 1 year low of $34.63 and a 1 year high of $49.08.
PNM Resources (NYSE:PNM – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $412.11 million during the quarter, compared to the consensus estimate of $705.05 million. PNM Resources had a return on equity of 10.51% and a net margin of 4.54%. During the same quarter in the prior year, the company earned $0.15 EPS. Analysts forecast that PNM Resources will post 2.66 earnings per share for the current year.
PNM Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.387 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.55 annualized dividend and a dividend yield of 4.30%. PNM Resources’s dividend payout ratio (DPR) is presently 150.49%.
PNM Resources Company Profile
PNM Resources, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.
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