8,224 Shares in PNM Resources, Inc. (NYSE:PNM) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in PNM Resources, Inc. (NYSE:PNM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,224 shares of the utilities provider’s stock, valued at approximately $342,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS Group AG raised its position in shares of PNM Resources by 13.5% during the third quarter. UBS Group AG now owns 89,066 shares of the utilities provider’s stock valued at $3,973,000 after buying an additional 10,600 shares during the last quarter. Deutsche Bank AG raised its position in shares of PNM Resources by 1.8% during the third quarter. Deutsche Bank AG now owns 288,932 shares of the utilities provider’s stock valued at $12,889,000 after buying an additional 5,205 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of PNM Resources by 148.1% during the third quarter. PNC Financial Services Group Inc. now owns 10,424 shares of the utilities provider’s stock valued at $465,000 after buying an additional 6,222 shares during the last quarter. FMR LLC raised its position in shares of PNM Resources by 1.5% during the third quarter. FMR LLC now owns 214,578 shares of the utilities provider’s stock valued at $9,572,000 after buying an additional 3,156 shares during the last quarter. Finally, Mariner LLC raised its position in shares of PNM Resources by 8.9% during the third quarter. Mariner LLC now owns 11,199 shares of the utilities provider’s stock valued at $500,000 after buying an additional 918 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

PNM Resources Stock Performance

NYSE PNM opened at $35.65 on Thursday. The stock has a market cap of $3.22 billion, a P/E ratio of 39.18 and a beta of 0.38. The company’s 50-day simple moving average is $37.30 and its 200 day simple moving average is $37.98. PNM Resources, Inc. has a twelve month low of $34.63 and a twelve month high of $46.47. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.81.

PNM Resources (NYSE:PNM) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.27). The business had revenue of $436.90 million during the quarter, compared to the consensus estimate of $531.00 million. PNM Resources had a net margin of 4.38% and a return on equity of 9.91%. The business’s revenue was down 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. As a group, research analysts forecast that PNM Resources, Inc. will post 2.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

PNM has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of PNM Resources from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Evercore ISI initiated coverage on shares of PNM Resources in a research report on Thursday, May 30th. They set an “in-line” rating and a $38.00 price objective for the company. Finally, StockNews.com lowered shares of PNM Resources from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.40.

PNM Resources Profile

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.