PNM Resources (PNM) Stake Lifted by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in PNM Resources (NYSE:PNM) by 3.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 130,166 shares of the utilities provider’s stock after purchasing an additional 3,974 shares during the period. WINTON GROUP Ltd owned 0.16% of PNM Resources worth $4,979,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PNM Resources by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,807 shares of the utilities provider’s stock worth $194,000 after purchasing an additional 1,399 shares during the period. Zeke Capital Advisors LLC bought a new stake in shares of PNM Resources in the 4th quarter valued at $201,000. Sciencast Management LP bought a new stake in shares of PNM Resources in the 4th quarter valued at $209,000. Vident Investment Advisory LLC bought a new stake in shares of PNM Resources in the 4th quarter valued at $215,000. Finally, Verition Fund Management LLC bought a new stake in shares of PNM Resources in the 4th quarter valued at $287,000. Hedge funds and other institutional investors own 90.55% of the company’s stock.

PNM has been the subject of several research analyst reports. ValuEngine upgraded shares of PNM Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. SunTrust Banks reiterated a “hold” rating and issued a $37.00 price objective on shares of PNM Resources in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of PNM Resources from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Wells Fargo & Co set a $38.00 price objective on shares of PNM Resources and gave the company a “hold” rating in a research note on Wednesday, February 28th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. PNM Resources has a consensus rating of “Hold” and an average price target of $38.91.



Shares of PNM stock opened at $38.70 on Friday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 3.99 and a beta of 0.27. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.35 and a quick ratio of 0.27. PNM Resources has a 12 month low of $33.75 and a 12 month high of $46.00.

PNM Resources (NYSE:PNM) last announced its quarterly earnings results on Friday, April 27th. The utilities provider reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $317.88 million during the quarter, compared to analyst estimates of $257.44 million. PNM Resources had a net margin of 5.03% and a return on equity of 8.41%. During the same quarter in the previous year, the business posted $0.28 EPS. analysts forecast that PNM Resources will post 1.87 EPS for the current year.

In other PNM Resources news, Director Norman P. Becker purchased 1,250 shares of the firm’s stock in a transaction on Tuesday, May 8th. The stock was acquired at an average price of $38.50 per share, for a total transaction of $48,125.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.26% of the company’s stock.

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.

Institutional Ownership by Quarter for PNM Resources (NYSE:PNM)

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