PNM Resources Inc (NYSE:PNM) Institutional Investors Sentiment Increased in Q2 2017

October 13, 2017 - By Vivian Currie

 PNM Resources Inc (NYSE:PNM) Institutional Investors Sentiment  Increased in  Q2 2017

Sentiment for PNM Resources Inc (NYSE:PNM)

PNM Resources Inc (NYSE:PNM) institutional sentiment increased to 1.38 in Q2 2017. Its up 0.34, from 1.04 in 2017Q1. The ratio increased, as 108 investment professionals increased and opened new positions, while 78 sold and reduced equity positions in PNM Resources Inc. The investment professionals in our partner’s database now have: 73.63 million shares, down from 73.75 million shares in 2017Q1. Also, the number of investment professionals holding PNM Resources Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 62 Increased: 79 New Position: 29.

PNM Resources, Inc. is an investor-owned holding firm with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. The company has market cap of $3.29 billion. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It has a 23.73 P/E ratio. It operates in three divisions: PNM, TNMP, and Corporate and Other.

It closed at $41.35 lastly. It is down 13.69% since October 13, 2016 and is uptrending. It has underperformed by 3.01% the S&P500.

Analysts expect PNM Resources Inc (NYSE:PNM) to report $0.83 EPS on October, 27 before the open.They anticipate $0.05 EPS change or 6.41 % from last quarter’s $0.78 EPS. PNM’s profit would be $66.04 million giving it 12.45 P/E if the $0.83 EPS is correct. After having $0.49 EPS previously, PNM Resources Inc’s analysts see 69.39 % EPS growth.

Crow Point Partners Llc holds 4.91% of its portfolio in PNM Resources Inc for 775,000 shares. Deroy & Devereaux Private Investment Counsel Inc owns 316,083 shares or 1.39% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.01% invested in the company for 392,551 shares. The New York-based Gabelli Funds Llc has invested 0.69% in the stock. Smith Graham & Co. Investment Advisors Lp, a Texas-based fund reported 159,620 shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 0 sales for $97,450 activity.

PNM Resources Inc (NYSE:PNM) Ratings Coverage

Ratings analysis reveals 18% of PNM Resources’s analysts are positive. Out of 11 Wall Street analysts rating PNM Resources, 2 give it “Buy”, 3 “Sell” rating, while 6 recommend “Hold”. The lowest target is $26 while the high is $43.0. The stock’s average target of $36.85 is -10.88% below today’s ($41.35) share price. PNM was included in 35 notes of analysts from July 22, 2015. The firm has “Buy” rating given on Tuesday, September 20 by Jefferies. The stock of PNM Resources Inc (NYSE:PNM) has “Buy” rating given on Wednesday, August 5 by Zacks. Jefferies maintained PNM Resources Inc (NYSE:PNM) on Friday, July 21 with “Hold” rating. The rating was downgraded by Barclays Capital to “Equal Weight” on Friday, December 2. Argus Research maintained it with “Buy” rating and $38 target in Monday, March 21 report. As per Monday, March 7, the company rating was maintained by SunTrust. Gabelli upgraded it to “Buy” rating and $36.0 target in Monday, December 14 report. The stock of PNM Resources Inc (NYSE:PNM) earned “Hold” rating by Williams Capital Group on Wednesday, March 1. The firm earned “Hold” rating on Sunday, September 24 by RBC Capital Markets. RBC Capital Markets maintained PNM Resources Inc (NYSE:PNM) rating on Friday, June 2. RBC Capital Markets has “Buy” rating and $3900 target.

Another recent and important PNM Resources Inc (NYSE:PNM) news was published by Seekingalpha.com which published an article titled: “PNM Resources’ (PNM) CEO Pat Vincent-Collawn on Q2 2017 Results – Earnings …” on July 28, 2017.

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