Pnm Resources (holding ) Stock News

(RTTNews) - The New Mexico Public Regulation Commission or NMPRC rejected the agreement reached by parties in the merger application involving PNM Resources Inc. (PNM), its wholly-owned subsidiary Public Service Company of New Mexico (PNM) and AVANGRID Inc.(AGR). The Commission voted 5-0 to reject the parties'' agreements reached in the merger

ALBUQUERQUE, N.M., Dec. 7, 2021 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred

PNM Resources (Holding Co found using ticker (PNM) have now 5 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 51.5 and 47 with the average target price sitting at 49.62. With the stocks previous close at 45.16 this is indicating there is a potential upside of 9.9%. The 50 day MA is 49.25 and the 200 moving average now moves to 49.01. The company has a market capitalisation of $3,886m. Find out more information at: https://www.pnmresources.com [stock_market_widget type="chart" symbol="PNM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] PNM Resources, 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. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources.

Wells Fargo & Company upgraded shares of PNM Resources (NYSE:PNM) from an underweight rating to an equal weight rating in a report published on Thursday, Analyst Price Targets reports. The brokerage currently has $47.00 price target on the utilities providers stock, down from their previous price target of $50.00. The analysts noted that the move []

PNM Resources, Inc. (NYSE:PNM) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,600,000 shares, an increase of 25.9% from the October 31st total of 2,860,000 shares. Currently, 4.3% of the shares of the company are sold short. Based on []

Wells Fargo & Company upgraded shares of PNM Resources (NYSE:PNM) from an underweight rating to an equal weight rating in a report issued on Thursday morning, PriceTargets.com reports. The firm currently has $47.00 target price on the utilities providers stock, down from their prior target price of $50.00. The analysts noted that the move was []

PNM Resources Inc. shares fell the most in almost 18 months after the majority of New Mexico regulators voiced opposition to Avangrid Inc.s $4.3 billion bid to take over the company, which owns the states biggest utility.