Home News Current Change: PNM Resources Holding Co. (NYSE: PNM)

Current Change: PNM Resources Holding Co. (NYSE: PNM)

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PNM Resources Holding Co. is in the utilities sector and is in the regulated utilities industry. The company CEO is Patricia K. Collawn. PNM Resources Inc is an investor-owned holding company which owns regulated utilities providing electricity and electric services in New Mexico and Texas. It provides electric generation, transmission, and distribution services.

Previous Intraday Trading Performance:

The PNM stock showed a previous change of 0.19% with an open at 47.11 and a close of 47.20. It reached an intraday high of 47.28 and a low of 46.77.

SeekingAlpha:  PNM Resources reaffirms 2019 earnings guidance

Liquidity:

The stock has a market cap of $3.8b with 79.7m shares outstanding, of which the float is 78.2m shares. Trading volume reached 477,297 shares compared to its average volume of 440,066 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, PNM Resources Holding Co. shares returned 6.71% and in the past 30 trading days it returned 13.29%. Over three months, it changed 7.14%. In one year it has changed 33.99% and within that year its 52-week high was 47.28 and its 52-week low was 34.95. PNM stock is 35.05% above its 52 Week Low.

Our calculations show a 200 day moving average of 39.98 and a 50 day moving average of 42.62. Currently PNM stock is trading 18.06% above its 200 day moving average.

PR Newswire:  PNM Resources Management to Meet with Investors

Earnings:

The last annual fiscal EPS for the company was reported at 2 that ended on 31st of December 2018, which according to the previous close, that is a PE of 44.11. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.17. The TTM EPS is 2.00, which comes to a TTM PE of 23.60. Historically, the PE high was 180.80 and the PE low was 16.80. If the stock reached its PE low, that would represent a price of 33.60, which is a decrease of -28.81%.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.18
09-30-2018:  1.08
06-30-2018:  0.53
03-31-2018:  0.21

The dividend per share is currently 1.16, which is a dividend yield of 2.46%. Also, the payout ratio is 58.00%, therefore the dividend is safe according to our calculations.

Indicators to Watch:

Based on the latest filings, there is 134.70% of institutional ownership. Short-interest is 894,038, which is 1.12% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.51. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.28

PR Newswire:  PNM Resources Management to Meet with Investors

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 5.17%, return on assets is 1.29%, profit margin is 7.06%, price-to-sales is 2.61 and price-to-book is 2.22.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 2  :Past Performance Score
 0  :Financial Strength Score
 3  :Future Growth Score
 4  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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