Analyst Upgrades – PNM Resources (NYSE:PNM) Stock Gets Upgraded By Mizuho from Underperform to Neutral

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Analyst Ratings For PNM Resources (NYSE:PNM)

Today, PNM Resources (NYSE:PNM) stock received an upgrade by Mizuho from Underperform to Neutral with a price target of $37.00.

Some recent analyst ratings include

  • 1/23/2018-Mizuho Upgrade from a “Underperform ” rating to a ” Neutral” rating.
  • 10/24/2017-Bank of America initiated coverage with a Underperform rating.
  • 9/26/2017-Evercore ISI was Downgraded by analysts at Evercore ISI from a “In-Line ” rating to a ” Underperform” rating. They now have a $37.50 price target on the stock.
  • 9/22/2017-Wells Fargo & Co initiated coverage with a Market Perform rating.
  • 9/18/2017-Williams Capital was Downgraded by analysts at Williams Capital from a “Hold ” rating to a ” Sell” rating. They now have a $38.00 price target on the stock.
  • 9/1/2017-KeyCorp Reiterated Rating of Hold.

Dividend information for PNM Resources (NYSE:PNM)

PNM Resources (NYSE:PNM) pays an annual dividend of $1.06 with a yield of 2.86% and an average dividend growth of 9.40% based on a 3 Year Average..

Dividend History for PNM Resources (NYSE:PNM)

  • On 12/1/2017 PNM Resources announced a quarterly dividend of $0.27 2.33% with an ex dividend date of 1/17/2018 which will be payable on 2/1/2018.
  • On 9/19/2017 PNM Resources announced a quarterly dividend of $0.24 2.33% with an ex dividend date of 10/27/2017 which will be payable on 11/14/2017.
  • On 7/27/2017 PNM Resources announced a quarterly dividend of $0.24 2.47% with an ex dividend date of 8/3/2017 which will be payable on 8/14/2017.
  • On 2/24/2017 PNM Resources announced a quarterly dividend of $0.24 2.69% with an ex dividend date of 4/27/2017 which will be payable on 5/15/2017.
  • On 12/13/2016 PNM Resources announced a quarterly dividend of $0.24 2.98% with an ex dividend date of 1/19/2017 which will be payable on 2/13/2017.
  • On 9/20/2016 PNM Resources announced a quarterly dividend of $0.22 2.57% with an ex dividend date of 10/27/2016 which will be payable on 11/14/2016.
  • On 7/26/2016 PNM Resources announced a quarterly dividend of $0.22 2.6% with an ex dividend date of 8/4/2016 which will be payable on 8/22/2016.

Recent Insider Trading Activity For PNM Resources (NYSE:PNM)
PNM Resources (NYSE:PNM) has insider ownership of 1.26% and institutional ownership of 92.22%.

  • On 8/11/2017 Ronald N Darnell, SVP, sold 5,000 with an average share price of $40.97 per share and the total transaction amounting to $204,850.00.
  • On 8/2/2017 Patrick V Apodaca, SVP, sold 5,333 with an average share price of $40.43 per share and the total transaction amounting to $215,613.19.
  • On 6/5/2017 Norman P Becker, Director, bought 2,500 with an average share price of $38.98 per share and the total transaction amounting to $97,450.00.
  • On 3/6/2017 Charles N Eldred, CFO, sold 4,000 with an average share price of $36.40 per share and the total transaction amounting to $145,600.00.
  • On 3/16/2016 Ronald N Darnell, SVP, sold 113 with an average share price of $33.05 per share and the total transaction amounting to $3,734.65.
  • On 3/7/2016 Patrick V Apodaca, SVP, sold 3,800 with an average share price of $33.04 per share and the total transaction amounting to $125,552.00.
  • On 3/4/2016 Charles N Eldred, CFO, sold 8,350 with an average share price of $32.41 per share and the total transaction amounting to $270,623.50.

Recent Trading Activity for PNM Resources (NYSE:PNM)
Shares of PNM Resources closed the previous trading session at 37.70 up +0.62 1.69% with shares trading hands.