Media headlines about PNM Resources (NYSE:PNM) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PNM Resources earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.2738813762901 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- For power sector, uncertainty remains over pace of change (eenews.net)
- PNM Resources, Inc. — Moody’s assigns Baa3 rating to PNM Resources Senior Unsecured Notes; outlook positive (markets.businessinsider.com)
- N.M. justices sign off on plan to partially close PNM plant (eenews.net)
- BRIEF-PNM Resources Entered Into Third Amendment To Term Loan Agreement, Amending Its $150 Mln Term Loan (reuters.com)
Several research analysts have recently issued reports on PNM shares. Zacks Investment Research upgraded shares of PNM Resources from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, March 6th. SunTrust Banks set a $35.00 target price on shares of PNM Resources and gave the stock a “hold” rating in a report on Monday, February 5th. Mizuho restated a “sell” rating and issued a $30.50 price target on shares of PNM Resources in a research report on Thursday, January 11th. Wells Fargo & Co set a $38.00 price target on shares of PNM Resources and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, UBS Group began coverage on shares of PNM Resources in a research note on Friday, February 2nd. They issued a “sell” rating and a $36.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. PNM Resources has an average rating of “Hold” and an average price target of $38.66.
PNM Resources (NYSE:PNM) traded up $0.40 during trading on Wednesday, hitting $36.55. 383,301 shares of the stock traded hands, compared to its average volume of 756,536. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.35 and a quick ratio of 0.27. The firm has a market capitalization of $2,883.46, a PE ratio of 36.55, a PEG ratio of 3.38 and a beta of 0.34. 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 results on Tuesday, February 27th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. PNM Resources had a net margin of 5.55% and a return on equity of 8.71%. The firm had revenue of $332.61 million for the quarter, compared to analyst estimates of $330.25 million. During the same period in the prior year, the firm posted $0.34 earnings per share. equities research analysts forecast that PNM Resources will post 1.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Investors of record on Wednesday, May 2nd will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, May 1st. This represents a $1.06 annualized dividend and a dividend yield of 2.90%. PNM Resources’s dividend payout ratio (DPR) is presently 106.00%.
In related news, VP Joseph Don Tarry sold 2,954 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $35.70, for a total value of $105,457.80. Following the completion of the transaction, the vice president now owns 13,845 shares in the company, valued at approximately $494,266.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Ronald N. Darnell sold 3,162 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $35.95, for a total transaction of $113,673.90. Following the completion of the transaction, the senior vice president now 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 sold 7,616 shares of company stock worth $272,457 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.
PNM Resources Company Profile
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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