Public Employees Retirement System of Ohio Purchases 13,495 Shares of PNM Resources, Inc. (Holding Co.) (PNM)

Public Employees Retirement System of Ohio grew its position in shares of PNM Resources, Inc. (Holding Co.) (NYSE:PNM) by 181.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,951 shares of the utilities provider’s stock after purchasing an additional 13,495 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in PNM Resources, Inc. (Holding Co.) were worth $801,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of PNM Resources, Inc. (Holding Co.) by 3.6% during the second quarter. State Street Corp now owns 2,816,088 shares of the utilities provider’s stock valued at $107,715,000 after purchasing an additional 98,535 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of PNM Resources, Inc. (Holding Co.) by 32.6% during the second quarter. Ameriprise Financial Inc. now owns 1,388,167 shares of the utilities provider’s stock valued at $53,069,000 after purchasing an additional 341,655 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of PNM Resources, Inc. (Holding Co.) by 7.4% during the second quarter. William Blair Investment Management LLC now owns 585,026 shares of the utilities provider’s stock valued at $22,377,000 after purchasing an additional 40,301 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of PNM Resources, Inc. (Holding Co.) by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 413,315 shares of the utilities provider’s stock valued at $15,809,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of PNM Resources, Inc. (Holding Co.) by 9.5% during the first quarter. Bank of America Corp DE now owns 323,835 shares of the utilities provider’s stock valued at $11,982,000 after purchasing an additional 28,026 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of PNM Resources, Inc. (NYSE:PNM) opened at $43.40 on Friday. The firm has a market capitalization of $3,464.93, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 4.28 and a beta of 0.36. The company has a quick ratio of 0.43, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. PNM Resources, Inc. has a 1-year low of $31.00 and a 1-year high of $43.80.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, October 30th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.97 dividend on an annualized basis and a yield of 2.24%. PNM Resources, Inc. (Holding Co.)’s payout ratio is currently 48.74%.

A number of equities analysts have recently issued reports on the company. Jefferies Group LLC restated a “hold” rating and set a $38.00 price objective on shares of PNM Resources, Inc. (Holding Co.) in a research report on Friday, July 21st. BidaskClub downgraded PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine upgraded PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada downgraded PNM Resources, Inc. (Holding Co.) from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 18th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.74.

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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Institutional Ownership by Quarter for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

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