In a report issued on July 12, Jonathan Reeder from Wells Fargo maintained a Hold rating on Pnm Resources Inc (PNM). The company’s shares closed on Friday at $49.51.
According to TipRanks.com, Reeder is a 4-star analyst with an average return of 12.9% and a 75.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as American States Water Company, California Water Service, and American Water.
Pnm Resources Inc has an analyst consensus of Hold, with a price target consensus of $49.70.
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Based on Pnm Resources Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $18.83 million. In comparison, last year the company had a net profit of $38.34 million.
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PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other.
