Equities research analysts expect that PNM Resources, Inc. (Holding Co.) (NYSE:PNM) will announce earnings per share of $0.83 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for PNM Resources, Inc. (Holding Co.)’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.80. PNM Resources, Inc. (Holding Co.) posted earnings per share of $0.78 in the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The business is scheduled to issue its next earnings results before the market opens on Friday, October 27th.

On average, analysts expect that PNM Resources, Inc. (Holding Co.) will report full-year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.87. For the next financial year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.73 to $1.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow PNM Resources, Inc. (Holding Co.).

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last released its earnings results on Friday, July 28th. The utilities provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The firm had revenue of $362.32 million for the quarter. PNM Resources, Inc. (Holding Co.) had a return on equity of 8.57% and a net margin of 10.05%. During the same quarter in the previous year, the firm posted $0.40 EPS.

Several brokerages have issued reports on PNM. Zacks Investment Research lowered PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Argus reiterated a “buy” rating and issued a $41.40 price target (down previously from $43.00) on shares of PNM Resources, Inc. (Holding Co.) in a report on Friday, August 11th. BidaskClub upgraded PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine upgraded PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price target on shares of PNM Resources, Inc. (Holding Co.) in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.97.

In related news, SVP Ronald N. Darnell sold 5,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $40.97, for a total transaction of $204,850.00. Following the completion of the sale, the senior vice president now directly owns 24,053 shares of the company’s stock, valued at $985,451.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Patrick V. Apodaca sold 5,333 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $40.43, for a total value of $215,613.19. Following the sale, the senior vice president now directly owns 65,009 shares of the company’s stock, valued at $2,628,313.87. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Meadow Creek Investment Management LLC increased its position in shares of PNM Resources, Inc. (Holding Co.) by 3.9% during the first quarter. Meadow Creek Investment Management LLC now owns 3,542 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 132 shares during the last quarter. IFP Advisors Inc increased its position in shares of PNM Resources, Inc. (Holding Co.) by 42.2% during the second quarter. IFP Advisors Inc now owns 4,247 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 1,260 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of PNM Resources, Inc. (Holding Co.) by 71.4% during the second quarter. Flinton Capital Management LLC now owns 4,416 shares of the utilities provider’s stock valued at $169,000 after acquiring an additional 1,840 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of PNM Resources, Inc. (Holding Co.) by 45.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,825 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 1,499 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of PNM Resources, Inc. (Holding Co.) 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 acquiring an additional 905 shares during the last quarter. 94.31% of the stock is owned by institutional investors.

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PNM Resources, Inc. (PNM) traded down 0.24% during midday trading on Wednesday, reaching $41.60. The company’s stock had a trading volume of 727,618 shares. PNM Resources, Inc. has a 52-week low of $30.95 and a 52-week high of $43.05. The firm has a market cap of $3.31 billion, a P/E ratio of 23.91 and a beta of 0.32. The firm has a 50 day moving average of $41.94 and a 200 day moving average of $38.87.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, October 30th will be issued a $0.2425 dividend. The ex-dividend date is Friday, October 27th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.33%. PNM Resources, Inc. (Holding Co.)’s dividend payout ratio is presently 55.43%.

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 (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.

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Earnings History and Estimates for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

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