Media headlines about PNM Resources (NYSE:PNM) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PNM Resources earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.0625496712811 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities analysts have recently commented on the company. SunTrust Banks restated a “hold” rating and issued a $38.00 price objective on shares of PNM Resources in a research report on Friday, November 10th. Zacks Investment Research upgraded PNM Resources from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, November 1st. Mizuho restated a “sell” rating and issued a $35.00 price objective on shares of PNM Resources in a research report on Monday, October 30th. Finally, Bank of America assumed coverage on PNM Resources in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $38.00 price objective on the stock. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. PNM Resources currently has an average rating of “Hold” and an average price target of $39.53.
Shares of PNM Resources (PNM) traded down $1.10 during mid-day trading on Monday, hitting $35.40. The stock had a trading volume of 923,459 shares, compared to its average volume of 885,007. PNM Resources has a 1 year low of $34.30 and a 1 year high of $46.00. The company has a quick ratio of 0.43, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $2,907.36, a PE ratio of 17.79, a price-to-earnings-growth ratio of 3.64 and a beta of 0.26.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Thursday, January 18th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.99%. This is a boost from PNM Resources’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, January 17th. PNM Resources’s payout ratio is 53.27%.
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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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