Are Analysts Bullish PNM Resources, Inc. (NYSE:PNM) After Last Week?

April 16, 2018 - By Marguerite Chambers

PNM Resources, Inc. (NYSE:PNM) LogoInvestors sentiment increased to 1.59 in Q4 2017. Its up 0.31, from 1.28 in 2017Q3. It is positive, as 16 investors sold PNM Resources, Inc. shares while 69 reduced holdings. 53 funds opened positions while 82 raised stakes. 72.49 million shares or 0.24% more from 72.32 million shares in 2017Q3 were reported.
Fincl Bank owns 539 shares for 0.01% of their portfolio. Proshare Limited Liability holds 20,627 shares or 0.01% of its portfolio. Pinnacle Associate, a New York-based fund reported 22,850 shares. 48,714 are held by Ahl Prns Llp. The Ohio-based Fifth Third Bancshares has invested 0% in PNM Resources, Inc. (NYSE:PNM). Glenmede Na stated it has 178 shares or 0% of all its holdings. Dimensional Fund Advsrs Ltd Partnership stated it has 1.58M shares or 0.03% of all its holdings. Wellington Mgmt Llp stated it has 814,078 shares or 0.01% of all its holdings. Td Asset Management Inc owns 0% invested in PNM Resources, Inc. (NYSE:PNM) for 76,000 shares. Ing Groep Nv reported 12,019 shares or 0.01% of all its holdings. Huntington National Bank has invested 0% in PNM Resources, Inc. (NYSE:PNM). Gideon Capital Incorporated invested in 6,859 shares or 0.24% of the stock. Lpl Fin Ltd Liability Com reported 16,494 shares. Engineers Gate Manager Lp owns 29,976 shares or 0.08% of their US portfolio. Victory Cap Inc stated it has 1.14 million shares or 0.1% of all its holdings.

Since March 2, 2018, it had 0 insider buys, and 3 insider sales for $272,457 activity. $53,325 worth of stock was sold by Eldred Charles N on Friday, March 2. 3,162 shares valued at $113,674 were sold by Darnell Ronald N. on Friday, March 2.

PNM Resources, Inc. (NYSE:PNM) Ratings Coverage

Among 8 analysts covering Pnm Resources Inc (NYSE:PNM), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Pnm Resources Inc had 22 analyst reports since October 18, 2017 according to SRatingsIntel. SunTrust maintained it with “Hold” rating and $38.0 target in Wednesday, January 3 report. On Thursday, January 11 the stock rating was maintained by Mizuho with “Sell”. Mizuho upgraded it to “Neutral” rating and $37 target in Tuesday, January 23 report. The company was maintained on Thursday, February 1 by RBC Capital Markets. The firm has “Hold” rating given on Monday, April 2 by SunTrust. The firm earned “Sell” rating on Monday, October 30 by Mizuho. The company was maintained on Tuesday, January 16 by SunTrust. SunTrust maintained PNM Resources, Inc. (NYSE:PNM) rating on Monday, February 12. SunTrust has “Hold” rating and $34.0 target. Wells Fargo maintained the stock with “Market Perform” rating in Wednesday, February 28 report. KeyBanc Capital Markets maintained the shares of PNM in report on Wednesday, October 18 with “Hold” rating. Below is a list of PNM Resources, Inc. (NYSE:PNM) latest ratings and price target changes.

11/04/2018 Broker: SunTrust Rating: Hold New Target: $35.0000 Maintain
12/04/2018 Broker: Evercore Old Rating: Underperform New Rating: In-Line Upgrade
02/04/2018 Broker: SunTrust Rating: Hold New Target: $37.0000 Maintain
28/02/2018 Broker: Wells Fargo Rating: Market Perform Old Target: $42 New Target: $38 Maintain
12/02/2018 Broker: SunTrust Rating: Hold New Target: $34.0 Maintain
05/02/2018 Broker: SunTrust Rating: Hold New Target: $35.0 Maintain
02/02/2018 Broker: UBS Rating: Sell New Target: $36 Initiates Coverage On
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $40.0 Maintain
23/01/2018 Broker: Mizuho Old Rating: Underperform New Rating: Neutral New Target: $37 Upgrade
18/01/2018 Broker: Mizuho Rating: Sell New Target: $30.0 Maintain

The stock increased 1.46% or $0.55 during the last trading session, reaching $38.35. About 187,045 shares traded. PNM Resources, Inc. (NYSE:PNM) has risen 0.93% since April 16, 2017 and is uptrending. It has underperformed by 10.62% the S&P500.

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. The company has market cap of $3.06 billion. It operates through Public Service Company of New Mexico and Texas-New Mexico Power Company (TNMP) divisions. It has a 38.35 P/E ratio. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.

PNM Resources, Inc. (NYSE:PNM) Institutional Positions Chart

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