DGS Capital Management LLC Acquires Shares of 5,647 PNM Resources, Inc. (NYSE:PNM)

DGS Capital Management LLC acquired a new stake in shares of PNM Resources, Inc. (NYSE:PNM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,647 shares of the utilities provider’s stock, valued at approximately $235,000.

Several other institutional investors have also bought and sold shares of PNM. Arizona State Retirement System lifted its holdings in shares of PNM Resources by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 23,217 shares of the utilities provider’s stock worth $1,036,000 after acquiring an additional 313 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of PNM Resources by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 16,128 shares of the utilities provider’s stock worth $727,000 after acquiring an additional 338 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of PNM Resources by 14.8% in the 1st quarter. Captrust Financial Advisors now owns 2,626 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 339 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of PNM Resources by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 44,588 shares of the utilities provider’s stock worth $1,989,000 after acquiring an additional 400 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of PNM Resources by 59.5% in the 3rd quarter. Allworth Financial LP now owns 1,088 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 406 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

PNM Resources Trading Down 0.5 %

NYSE:PNM opened at $35.98 on Wednesday. PNM Resources, Inc. has a one year low of $34.63 and a one year high of $49.08. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.31 and a current ratio of 0.39. The firm has a market cap of $3.25 billion, a P/E ratio of 34.93, a P/E/G ratio of 0.36 and a beta of 0.35. The firm has a 50-day simple moving average of $37.18 and a 200-day simple moving average of $39.84.

PNM Resources (NYSE:PNM) last posted its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. PNM Resources had a net margin of 4.54% and a return on equity of 10.51%. The business had revenue of $412.11 million during the quarter, compared to analyst estimates of $705.05 million. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts anticipate that PNM Resources, Inc. will post 2.7 EPS for the current fiscal year.

PNM Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.387 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.55 annualized dividend and a dividend yield of 4.30%. PNM Resources’s dividend payout ratio is currently 150.49%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PNM shares. Barclays raised their target price on shares of PNM Resources from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday. TheStreet cut shares of PNM Resources from a “b-” rating to a “c+” rating in a research report on Thursday, January 4th. StockNews.com cut shares of PNM Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Wells Fargo & Company raised shares of PNM Resources from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research report on Wednesday, January 3rd. Finally, Mizuho cut shares of PNM Resources from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.80.

PNM Resources Profile

PNM Resources, Inc, through its subsidiaries, provides electricity and electric services 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 engages in the generation, transmission, and distribution of electricity.