PNM Resources (PNM) Earns Media Sentiment Rating of 0.10

Media headlines about PNM Resources (NYSE:PNM) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to 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 assigned media coverage about the utilities provider an impact score of 47.9079261452748 out of 100, meaning that recent media 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 stories that may have impacted Accern Sentiment’s analysis:

NYSE PNM traded down $0.05 during trading hours on Thursday, hitting $38.25. 694,921 shares of the company were exchanged, compared to its average volume of 720,077. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.35 and a quick ratio of 0.27. PNM Resources has a 52-week low of $33.75 and a 52-week high of $46.00. The company has a market cap of $3,018.87, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 3.79 and a beta of 0.34.

PNM Resources (NYSE:PNM) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. PNM Resources had a return on equity of 8.71% and a net margin of 5.55%. The company had revenue of $332.61 million for the quarter, compared to the consensus estimate of $330.25 million. During the same quarter in the prior year, the business earned $0.34 EPS. equities research analysts anticipate that PNM Resources will post 1.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd will be given a dividend of $0.265 per share. The ex-dividend date is Tuesday, May 1st. This represents a $1.06 annualized dividend and a dividend yield of 2.77%. PNM Resources’s dividend payout ratio is currently 106.00%.

PNM has been the topic of several research analyst reports. Zacks Investment Research lowered PNM Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $39.00 price target on shares of PNM Resources in a research note on Tuesday, December 26th. Mizuho reissued a “sell” rating and set a $30.50 price objective on shares of PNM Resources in a research note on Thursday, January 11th. Royal Bank of Canada reissued a “hold” rating and set a $40.00 price objective on shares of PNM Resources in a research note on Thursday, February 1st. Finally, UBS assumed coverage on PNM Resources in a research note on Friday, February 2nd. They set a “sell” rating and a $36.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.66.

In other news, VP Joseph Don Tarry sold 2,954 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $35.70, for a total transaction of $105,457.80. Following the completion of the transaction, the vice president now directly owns 13,845 shares of the company’s stock, valued at approximately $494,266.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Charles N. Eldred sold 1,500 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $35.55, for a total value of $53,325.00. Following the transaction, the chief financial officer now directly owns 115,888 shares of the company’s stock, valued at $4,119,818.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,616 shares of company stock valued at $272,457. Insiders own 1.26% of the company’s stock.

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PNM Resources Company Profile

PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.

Insider Buying and Selling by Quarter for PNM Resources (NYSE:PNM)

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