PNM Resources, Inc. (Holding Co.) (NYSE:PNM) declared a quarterly dividend on Tuesday, December 13th. Stockholders of record on Monday, January 23rd will be paid a dividend of 0.2425 per share on Monday, February 13th. This represents a $0.97 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, January 19th. This is a positive change from PNM Resources, Inc. (Holding Co.)’s previous quarterly dividend of $0.22.

PNM Resources, Inc. (NYSE:PNM) opened at 34.25 on Friday. The stock has a 50 day moving average price of $33.37 and a 200 day moving average price of $33.07. PNM Resources, Inc. has a 52 week low of $29.22 and a 52 week high of $36.15. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 6850.00 and a beta of 0.27.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The business earned $400.37 million during the quarter, compared to analysts’ expectations of $740 million. PNM Resources, Inc. (Holding Co.) had a return on equity of 7.14% and a net margin of 0.07%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Equities research analysts expect that PNM Resources, Inc. will post $1.61 EPS for the current year.

Dividend History for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

Institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in PNM Resources, Inc. (Holding Co.) by 410.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 171,170 shares of the company’s stock valued at $6,066,000 after buying an additional 137,613 shares during the last quarter. BOKF NA increased its position in PNM Resources, Inc. (Holding Co.) by 0.3% in the second quarter. BOKF NA now owns 87,784 shares of the company’s stock valued at $3,111,000 after buying an additional 279 shares during the last quarter. Profund Advisors LLC increased its position in PNM Resources, Inc. (Holding Co.) by 10.4% in the second quarter. Profund Advisors LLC now owns 25,919 shares of the company’s stock valued at $919,000 after buying an additional 2,450 shares during the last quarter. Advisor Group Inc. bought a new position in PNM Resources, Inc. (Holding Co.) during the second quarter valued at $224,000. Finally, Raymond James & Associates increased its position in PNM Resources, Inc. (Holding Co.) by 2.2% in the second quarter. Raymond James & Associates now owns 54,690 shares of the company’s stock valued at $1,938,000 after buying an additional 1,162 shares during the last quarter. 92.63% of the stock is owned by institutional investors.

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Several equities analysts recently weighed in on the company. Jefferies Group reaffirmed a “buy” rating and issued a $37.50 price objective on shares of PNM Resources, Inc. (Holding Co.) in a research note on Thursday, September 29th. SunTrust Banks, Inc. raised their price objective on PNM Resources, Inc. (Holding Co.) from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Zacks Investment Research raised PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 23rd. Barclays PLC downgraded PNM Resources, Inc. (Holding Co.) from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $35.00 to $33.00 in a research note on Friday, December 2nd. Finally, TheStreet raised PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “buy” rating in a research note on Wednesday, December 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. PNM Resources, Inc. (Holding Co.) currently has a consensus rating of “Buy” and an average price target of $35.58.

About PNM Resources, Inc. (Holding Co.)

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 and Subsidiaries (PNM) and Texas-New Mexico Power Company and Subsidiaries (TNMP).

5 Day Chart for NYSE:PNM

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