Shares of PNM Resources, Inc. (NYSE:PNM – Get Free Report) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $44.20.
A number of equities analysts have recently weighed in on PNM shares. Wells Fargo & Company increased their target price on PNM Resources from $41.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays increased their target price on PNM Resources from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. StockNews.com started coverage on PNM Resources in a research note on Sunday. They set a “sell” rating on the stock. Finally, Evercore ISI initiated coverage on PNM Resources in a research note on Thursday, May 30th. They set an “in-line” rating and a $38.00 target price on the stock.
Check Out Our Latest Stock Analysis on PNM Resources
Hedge Funds Weigh In On PNM Resources
PNM Resources Price Performance
PNM Resources has a 52-week low of $34.63 and a 52-week high of $45.10. The firm has a market capitalization of $3.77 billion, a PE ratio of 45.90 and a beta of 0.35. The company has a 50-day simple moving average of $38.50 and a 200 day simple moving average of $37.63. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.27 and a current ratio of 0.37.
PNM Resources (NYSE:PNM – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $488.10 million during the quarter, compared to analysts’ expectations of $481.02 million. PNM Resources had a return on equity of 10.15% and a net margin of 4.50%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. As a group, analysts expect that PNM Resources will post 2.72 earnings per share for the current year.
PNM Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $0.3875 per share. The ex-dividend date was Friday, July 26th. This represents a $1.55 dividend on an annualized basis and a yield of ∞. PNM Resources’s dividend payout ratio (DPR) is presently 170.33%.
About PNM Resources
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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