Headlines about PNM Resources (NYSE:PNM) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PNM Resources earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 48.5175086712992 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
PNM Resources opened at $38.00 on Tuesday, MarketBeat reports. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 1.30. The stock has a market cap of $3.02 billion, a P/E ratio of 19.59, a PEG ratio of 3.96 and a beta of 0.25. PNM Resources has a 12-month low of $33.75 and a 12-month high of $46.00.
PNM Resources (NYSE:PNM) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The business had revenue of $332.61 million during the quarter, compared to analyst estimates of $330.25 million. PNM Resources had a net margin of 5.03% and a return on equity of 8.41%. During the same quarter last year, the firm posted $0.34 earnings per share. equities research analysts predict that PNM Resources will post 1.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd were paid a $0.265 dividend. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $1.06 annualized dividend and a yield of 2.79%. PNM Resources’s dividend payout ratio is currently 54.64%.
A number of equities analysts have weighed in on PNM shares. UBS started coverage on shares of PNM Resources in a research note on Friday, February 2nd. They set a “sell” rating and a $36.00 target price for the company. Royal Bank of Canada restated a “hold” rating and issued a $40.00 target price on shares of PNM Resources in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of PNM Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. SunTrust Banks set a $34.00 price target on shares of PNM Resources and gave the company a “hold” rating in a report on Monday, February 12th. Finally, ValuEngine downgraded shares of PNM Resources from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.91.
In related news, VP Joseph Don Tarry sold 2,954 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $35.70, for a total transaction of $105,457.80. Following the completion of the sale, the vice president now owns 13,845 shares of the company’s stock, valued at approximately $494,266.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ronald N. Darnell sold 3,162 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $35.95, for a total transaction of $113,673.90. Following the sale, the senior vice president now directly owns 29,726 shares of the company’s stock, valued at approximately $1,068,649.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,616 shares of company stock worth $272,457 over the last 90 days. Insiders own 1.25% of the company’s stock.
PNM Resources Company Profile
PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity.
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