PNM Resources, Inc. (Holding Co (NYSE:PNM):
Commission Approves Order in PNM General Rate Case.
In the market the company is trading down by -0.85% since yesterday’s close of $33.98.
PNM Resources, Inc. (Holding Co also declared a dividend that was paid on Mon Aug 22, 2016. The dividend payment was $0.220 per share for the quarter or $0.88 annualized. This dividend represents a yield of $2.55. The ex-dividend date was Thursday the 4th of August 2016.
It is trading at $33.69 slightly over the 50 day moving average of $32.81 and which is marginally higher than the 200 day moving average of $33.19. The 50 day moving average was up by +2.69% whereas the 200 day average was up by +1.52%.
The most current P/E ratio is 370.22 and the market value is 2.68B. In the latest earnings report the EPS was $0.09 and is expected to be $1.58 for the current year with 79,653,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.26 with next year’s EPS anticipated to be $1.84.
Several ratings firms have weighed in on PNM Resources, Inc. (Holding Co of late. On September 26 SunTrust Robinson Humphrey held the company rating at “Neutral” and moved up the price target to $35.00 from $33.00. On September 20, 2016 the stock rating was changed to a “Buy” in a report from Jefferies a boost from the previous “Hold” rating.
September 12 investment analysts at SunTrust Robinson Humphrey made no change to the stock rating of “Neutral” but lowered the price target from $34.00 to $33.00. On August 29 SunTrust Robinson Humphrey made no change to the company rating of “Neutral” but raised the price expectation from $32.00 to $34.00.
On March 24 the company was downgraded to “Hold” from “Buy” with a current price target of $34.00 in a statement from Jefferies. Jefferies both downgraded the stock and lowered the price target on March 24 changing the price objective from $36.00 to $34.00 and setting the rating at “Hold” which had previously been “Buy”.