News coverage about PNM Resources (NYSE:PNM) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PNM Resources earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 47.9079261452748 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- For power sector, uncertainty remains over pace of change (eenews.net)
- PNM Resources, Inc. — Moody’s assigns Baa3 rating to PNM Resources Senior Unsecured Notes; outlook positive (markets.businessinsider.com)
- N.M. justices sign off on plan to partially close PNM plant (eenews.net)
- BRIEF-PNM Resources Entered Into Third Amendment To Term Loan Agreement, Amending Its $150 Mln Term Loan (reuters.com)
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of PNM Resources from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. SunTrust Banks set a $38.00 price objective on shares of PNM Resources and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Mizuho raised shares of PNM Resources from an “underperform” rating to a “neutral” rating and set a $37.00 price objective on the stock in a research note on Tuesday, January 23rd. Wells Fargo & Co set a $38.00 price target on shares of PNM Resources and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $40.00 target price on shares of PNM Resources in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.66.
PNM Resources (NYSE:PNM) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $332.61 million for the quarter, compared to analysts’ expectations of $330.25 million. PNM Resources had a net margin of 5.55% and a return on equity of 8.71%. During the same quarter last year, the company earned $0.34 EPS. research analysts anticipate that PNM Resources will post 1.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, May 1st. This represents a $1.06 annualized dividend and a yield of 2.93%. PNM Resources’s payout ratio is 106.00%.
In other news, SVP Ronald N. Darnell sold 3,162 shares of PNM Resources stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $35.95, for a total value of $113,673.90. Following the transaction, the senior vice president now owns 29,726 shares of the company’s stock, valued at approximately $1,068,649.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles N. Eldred sold 1,500 shares of PNM Resources stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $35.55, for a total transaction of $53,325.00. Following the completion of the transaction, the chief financial officer now directly owns 115,888 shares in the company, valued at approximately $4,119,818.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,616 shares of company stock worth $272,457. 1.26% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: This report was posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://baseballnewssource.com/2018/03/14/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-pnm-resources-pnm-share-price/1971222.html.
About PNM Resources
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.
Receive News & Ratings for PNM Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNM Resources and related companies with MarketBeat.com's FREE daily email newsletter.