Q2 2017 EPS Estimates for PNM Resources, Inc. (Holding Co.) (NYSE:PNM) Increased by Analyst

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) – Research analysts at Williams Capital lifted their Q2 2017 earnings estimates for shares of PNM Resources, Inc. (Holding Co.) in a research note issued to investors on Tuesday. Williams Capital analyst C. Ellinghaus now expects that the utilities provider will post earnings per share of $0.44 for the quarter, up from their prior forecast of $0.43. Williams Capital also issued estimates for PNM Resources, Inc. (Holding Co.)’s Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.74 EPS and FY2019 earnings at $2.07 EPS.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada set a $39.00 target price on shares of PNM Resources, Inc. (Holding Co.) and gave the stock a “buy” rating in a research report on Saturday, June 3rd. BidaskClub lowered shares of PNM Resources, Inc. (Holding Co.) from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Mizuho initiated coverage on shares of PNM Resources, Inc. (Holding Co.) in a research report on Wednesday, April 19th. They set an “underperform” rating and a $32.25 target price on the stock. Finally, Evercore ISI began coverage on shares of PNM Resources, Inc. (Holding Co.) in a research note on Friday, March 31st. They issued an “in-line” rating and a $36.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $36.31.

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PNM Resources, Inc. (NYSE PNM) opened at 37.55 on Wednesday. The firm has a market capitalization of $2.99 billion, a PE ratio of 23.19 and a beta of 0.32. PNM Resources, Inc. has a 52-week low of $30.95 and a 52-week high of $40.10. The firm’s 50-day moving average is $38.69 and its 200-day moving average is $36.79.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last announced its quarterly 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, Inc. (Holding Co.) had a net margin of 9.62% and a return on equity of 8.22%. The firm had revenue of $330.20 million for the quarter. During the same period last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis.

In other news, Director Norman P. Becker bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was acquired at an average price of $38.98 per share, for a total transaction of $97,450.00. Following the acquisition, the director now owns 5,732 shares of the company’s stock, valued at $223,433.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its position in PNM Resources, Inc. (Holding Co.) by 211.8% in the first quarter. IFP Advisors Inc now owns 2,987 shares of the utilities provider’s stock worth $111,000 after buying an additional 2,029 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in PNM Resources, Inc. (Holding Co.) by 3.9% in the first quarter. Meadow Creek Investment Management LLC now owns 3,542 shares of the utilities provider’s stock worth $131,000 after buying an additional 132 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in PNM Resources, Inc. (Holding Co.) by 3.9% in the first quarter. Glen Harbor Capital Management LLC now owns 4,508 shares of the utilities provider’s stock worth $167,000 after buying an additional 168 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in PNM Resources, Inc. (Holding Co.) by 45.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,825 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,499 shares in the last quarter. Finally, Elkfork Partners LLC boosted its position in PNM Resources, Inc. (Holding Co.) by 3.9% in the first quarter. Elkfork Partners LLC now owns 5,474 shares of the utilities provider’s stock worth $203,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 94.07% of the company’s stock.

About PNM Resources, Inc. (Holding Co.)

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.

Earnings History and Estimates for PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

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