PNM Resources, Inc. (Holding Co (NYSE:PNM):
PNM Resources Management to Meet with Investors.
The company is now down by -0.85 percent from yesterday’s close.
The company also recently declared a dividend for shareholders paid on Monday August 22nd, 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 set for Thursday the 4th of August 2016.
Company chares are trading at $33.69 which is just a bit higher than $32.81, the 50 day moving average and slightly over the 200 day moving average of $33.19. The 50 day moving average was up $0.88 or +2.69% whereas the 200 day moving average was up $0.50 or +1.52%.
The P/E ratio is 370.22 and market cap is 2.68B. As of the latest earnings report the EPS was $0.09 and is estimated to be $1.58 for the current year with 79,653,000 shares now outstanding. Next quarter’s EPS is expected be $0.26 and the next full year EPS is anticipated to be $1.84.
A few investment firms have weighed in on PNM Resources, Inc. (Holding Co recently. On September 26 SunTrust Robinson Humphrey left the stock rating at “Neutral” and moved up the price target to $35.00 from $33.00. On September 20 the company was rated “Buy” according to a Jefferies report which was a boost from the previous “Hold” rating.
On September 12 SunTrust Robinson Humphrey kept the company rating at “Neutral” but moved down the price target to $33.00 from $34.00. On August 29 SunTrust Robinson Humphrey held the company rating at “Neutral” and raised the price target to $34.00 from $32.00.
On March 24 the stock rating was downgraded to “Hold” from “Buy” and a price target of $34.00 was set by analysts at Jefferies. Equity analyst Jefferies downgraded the stock and lowered the price target on March 24 changing the price target from $36.00 to $34.00 and cutting the rating from “Buy” to “Hold”.