WINTON GROUP Ltd lifted its holdings in shares of PNM Resources, Inc. (NYSE:PNM – Free Report) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,228 shares of the utilities provider’s stock after acquiring an additional 6,533 shares during the quarter. WINTON GROUP Ltd’s holdings in PNM Resources were worth $2,640,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BerganKDV Wealth Management LLC bought a new position in shares of PNM Resources during the first quarter valued at approximately $28,000. CI Investments Inc. bought a new position in PNM Resources in the fourth quarter worth $34,000. State of Wyoming bought a new position in PNM Resources in the fourth quarter worth $46,000. Quadrant Capital Group LLC raised its holdings in PNM Resources by 40.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,095 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 313 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in PNM Resources in the first quarter worth $56,000. Institutional investors own 91.18% of the company’s stock.
PNM Resources Stock Up 0.1 %
Shares of NYSE:PNM traded up $0.04 on Friday, hitting $44.35. 45,644 shares of the company traded hands, compared to its average volume of 554,396. PNM Resources, Inc. has a 52 week low of $43.69 and a 52 week high of $49.60. The company has a quick ratio of 0.29, a current ratio of 0.37 and a debt-to-equity ratio of 1.70. The stock has a 50 day simple moving average of $44.85 and a 200-day simple moving average of $46.83. The company has a market cap of $3.81 billion, a PE ratio of 16.00, a PEG ratio of 3.61 and a beta of 0.41.
PNM Resources Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a dividend of $0.3675 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.47 annualized dividend and a dividend yield of 3.31%. PNM Resources’s dividend payout ratio (DPR) is presently 53.07%.
Analyst Ratings Changes
PNM has been the subject of a number of research reports. Siebert Williams Shank upgraded PNM Resources from a “hold” rating to a “buy” rating and increased their price objective for the stock from $53.00 to $55.00 in a report on Tuesday, May 16th. StockNews.com began coverage on PNM Resources in a report on Thursday, August 17th. They issued a “hold” rating for the company.
About PNM Resources
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.
- Five stocks we like better than PNM Resources
- How to Calculate Return on Investment (ROI)
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- What Is Dividend Yield and How Do You Calculate It?
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
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.