Headlines about PNM Resources (NYSE:PNM) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PNM Resources earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 47.945375160921 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have recently weighed in on PNM shares. Zacks Investment Research lowered shares of PNM Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine lowered shares of PNM Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barclays started coverage on shares of PNM Resources in a research note on Tuesday, July 10th. They set an “underweight” rating and a $37.00 target price on the stock. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.88.
Shares of PNM opened at $39.80 on Monday. The stock has a market cap of $3.17 billion, a PE ratio of 20.52, a P/E/G ratio of 4.43 and a beta of 0.23. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.34. PNM Resources has a 1-year low of $33.75 and a 1-year high of $46.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 17th. Investors of record on Monday, August 6th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, August 3rd. PNM Resources’s payout ratio is currently 54.64%.
About PNM Resources
PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity.
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