The PNM Resources Inc (PNM) Position Maintained by Swiss National Bank

The PNM Resources Inc (PNM) Position Maintained by Swiss National Bank

Other large investors have also added to or reduced their stakes in the company. Crow Point Partners LLC acquired a new stake in PNM Resources during the third quarter worth $25,358,000. Cambiar Investors LLC acquired a new stake in PNM Resources during the first quarter worth $22,344,000. Thrivent Financial for Lutherans boosted its stake in PNM Resources by 3,202.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 410,945 shares of the utilities provider’s stock worth $14,096,000 after buying an additional 398,500 shares during the period. Jennison Associates LLC boosted its stake in PNM Resources by 41.5% in the first quarter. Jennison Associates LLC now owns 1,335,706 shares of the utilities provider’s stock worth $49,421,000 after buying an additional 391,505 shares during the period. Finally, Prudential PLC boosted its stake in PNM Resources by 42.0% in the fourth quarter. Prudential PLC now owns 1,105,800 shares of the utilities provider’s stock worth $37,929,000 after buying an additional 326,800 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Swiss National Bank held its stake in PNM Resources Inc (NYSE:PNM) during the first quarter, Holdings Channel reports. The institutional investor owned 130,900 shares of the utilities provider’s stock at the end of the first quarter. Swiss National Bank’s holdings in PNM Resources were worth $4,843,000 at the end of the most recent quarter.

Shares of PNM Resources Inc (NYSE PNM) opened at 39.35 on Monday. PNM Resources Inc has a one year low of $30.95 and a one year high of $39.55. The company has a market cap of $3.13 billion, a PE ratio of 24.31 and a beta of 0.30. The company’s 50-day moving average price is $37.42 and its 200 day moving average price is $35.45.

PNM Resources (NYSE:PNM) last announced its earnings results on Friday, April 28th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. PNM Resources had a net margin of 0.07% and a return on equity of 7.14%. The company had revenue of $330.20 million for the quarter. During the same quarter in the previous year, the company posted $0.13 earnings per share. PNM Resources’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast that PNM Resources Inc will post $1.82 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on PNM shares. Zacks Investment Research cut PNM Resources from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Mizuho started coverage on PNM Resources in a report on Wednesday, April 19th. They set an “underperform” rating and a $32.25 price target on the stock. Williams Capital cut PNM Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $35.00 to $36.00 in a report on Wednesday, March 1st. Royal Bank of Canada lifted their price target on PNM Resources from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, March 9th. Finally, Evercore ISI started coverage on PNM Resources in a report on Friday, March 31st. They set an “in-line” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.31. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PNM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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