As Pnm Res INC (PNM) Market Value Rose, Qs Investors LLC Lowered Its Stake by $3.10 Million

PNM Resources, Inc. (NYSE:PNM) LogoInvestors sentiment increased to 1.03 in 2019 Q2. Its up 0.02, from 1.01 in 2019Q1. It increased, as 14 investors sold PNM shares while 74 reduced holdings. 23 funds opened positions while 68 raised stakes. 70.56 million shares or 0.33% more from 70.32 million shares in 2019Q1 were reported. Retirement Sys Of Alabama stated it has 0.02% in PNM Resources, Inc. (NYSE:PNM). James Invest Rech reported 0.28% stake. Magellan Asset Mngmt stated it has 61,429 shares. Los Angeles Capital Mngmt & Equity Inc holds 8,430 shares. Ameritas Investment Prns Inc holds 29,997 shares. Tci Wealth Advsrs Incorporated holds 2,767 shares. Geode Capital Ltd Com reported 1.19 million shares stake. Pinnacle Associate has 0.01% invested in PNM Resources, Inc. (NYSE:PNM) for 11,758 shares. Carroll Fin Associates Inc reported 10 shares. The Minnesota-based Ameriprise Financial has invested 0.02% in PNM Resources, Inc. (NYSE:PNM). First Personal Fincl owns 62 shares or 0% of their US portfolio. Crow Point Prtn Limited Liability Com holds 720,744 shares. Prudential Fincl holds 159,107 shares. Canada Pension Plan Investment Board has invested 0.02% in PNM Resources, Inc. (NYSE:PNM). Riverhead Capital Mgmt Ltd Liability Corporation invested in 0.02% or 12,632 shares.

Qs Investors Llc decreased its stake in Pnm Res Inc (PNM) by 34.31% based on its latest 2019Q2 regulatory filing with the SEC. Qs Investors Llc sold 61,935 shares as the company’s stock rose 8.31% . The institutional investor held 118,594 shares of the public utilities company at the end of 2019Q2, valued at $6.04M, down from 180,529 at the end of the previous reported quarter. Qs Investors Llc who had been investing in Pnm Res Inc for a number of months, seems to be less bullish one the $4.00B market cap company. The stock decreased 0.95% or $0.48 during the last trading session, reaching $50.26. About 266,218 shares traded. PNM Resources, Inc. (NYSE:PNM) has risen 30.37% since September 13, 2018 and is uptrending. It has outperformed by 30.37% the S&P500.

Qs Investors Llc, which manages about $4.98 billion and $9.27B US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 116,979 shares to 288,220 shares, valued at $37.80 million in 2019Q2, according to the filing. It also increased its holding in Vici Pptys Inc by 292,680 shares in the quarter, for a total of 309,180 shares, and has risen its stake in Monster Beverage Corp New.

Analysts await PNM Resources, Inc. (NYSE:PNM) to report earnings on November, 5. They expect $1.23 EPS, up 13.89 % or $0.15 from last year’s $1.08 per share. PNM’s profit will be $97.96 million for 10.22 P/E if the $1.23 EPS becomes a reality. After $0.37 actual EPS reported by PNM Resources, Inc. for the previous quarter, Wall Street now forecasts 232.43 % EPS growth.

More notable recent PNM Resources, Inc. (NYSE:PNM) news were published by: Finance.Yahoo.com which released: “The PNM Resources (NYSE:PNM) Share Price Is Up 75% And Shareholders Are Holding On – Yahoo Finance” on June 10, 2019, also Prnewswire.com with their article: “PNM Resources Management to Meet with Investors – PRNewswire” published on April 03, 2019, Seekingalpha.com published: “PNM Resources, Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 02, 2019. More interesting news about PNM Resources, Inc. (NYSE:PNM) were released by: Prnewswire.com and their article: “PNM Resources CEO Recognized with EEI’s Distinguished Leadership Award – PRNewswire” published on September 05, 2019 as well as Prnewswire.com‘s news article titled: “PNM to Expand Transmission Grid to Support Renewable Energy – PRNewswire” with publication date: May 01, 2019.

PNM Resources, Inc. (NYSE:PNM) Ratings Coverage

Among 2 analysts covering Pnm Resources Inc (NYSE:PNM), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Pnm Resources Inc has $5300 highest and $41 lowest target. $48.83’s average target is -2.85% below currents $50.26 stock price. Pnm Resources Inc had 8 analyst reports since March 20, 2019 according to SRatingsIntel. UBS maintained PNM Resources, Inc. (NYSE:PNM) on Friday, September 6 with “Neutral” rating. The stock of PNM Resources, Inc. (NYSE:PNM) earned “Sell” rating by Barclays Capital on Wednesday, March 20.

PNM Resources, Inc. (NYSE:PNM) Institutional Positions Chart

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