From MarketBeat:

Market analysis is reporting that four research firms have given PNM Resources, Inc a consensus recommendation of “Moderate Buy” with an average twelve-month target price of $47.75. PNM stock reached $39.19 during midday trading and reported a net margin of 7.33% and a return on equity of 10.58%. Quarterly earnings were $1.54 EPS, beating estimates by $0.24.
The company has recently disclosed a quarterly dividend of $0.387, marking a positive change from the previous quarterly dividend of $0.37. This represents a $1.55 annualized dividend and a yield of 3.95%. New Mexico Educational Retirement Board increased its stake in shares of PNM Resources by 12.9% in the 2nd quarter.
PNM Resources, Inc operates in the United States through its subsidiaries, providing electricity and electric services. 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.
Before considering PNM Resources, consider the top 5 stocks that top-rated analysts are quietly whispering to their clients to buy now before the broader market catches on. View The Five Stocks Here.
If you’re new to the stock market, these 10 simple stocks can help beginning investors build long-term wealth without needing to know options, technicals, or other advanced strategies. Get This Free Report.



Read more: PNM Resources, Inc. (NYSE:PNM) Receives Average Recommendation of “Moderate Buy” from Analysts