Dividend Growth of PNM Resources, Inc. (Holding Co.)(PNM)

PNM Resources (Holding Co.)(PNM) is having a Dividend Yield of 2.8% with the Annual cash Dividend per share of $0.88. The last quarter cash dividend per share pay out was $0.22. PNM Resources (Holding Co.) has a 5 year average dividend yield of 2.79% and the stock has a Indicated annual dividend of $0.97. PNM Resources (Holding Co.)(PNM) formally announced its most recent dividend on December 13, 2016 with a Dividend per share of $0.24. The new indicated annual dividend based on announced dividend per share is $0.97. The dividend yield based on the forward looking indicated annual dividend is 2.8%. PNM Resources (Holding Co.)(PNM) has the most recent dividend payout ratio of 0.57 with a 5-year average payout ratio of 0.5. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.08. The 5 year historical dividend growth of PNM Resources (Holding Co.)(PNM) is at the rate of 10.85% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM) rose 1.59% or 0.55 points on Thursday and made its way into the gainers of the day. After trading began at $34.6 the stock was seen hitting $35.15 as a peak level and $34.6 as the lowest level. The stock ended up at $35.15. The daily volume was measured at 502,119 shares. The 52-week high of the share price is $36.15 and the 52-week low is $30.62. The company has a market cap of $2,800 million. Shares of PNM Resources, Inc. rose by 1.15% in the last five trading days and 2.61% for the last 4 weeks. PNM Resources, Inc. is up 9.43% in the last 3-month period. Year-to-Date the stock performance stands at 3.21%.

Currently the company Insiders own 1.22% of PNM Resources, Inc. (Holding Co.) shares according to the proxy statements. Institutional Investors own 93.48% of PNM Resources, Inc. (Holding Co.) shares. Company has reported several Insider transactions to the SEC, on Mar 17, 2016, Ronald N. Darnell (SVP, PUBLIC POLICY) sold 113 shares at 33.05 per share price.On Mar 14, 2016, Charles N Eldred (EXEC VP, CFO) sold 1,550 shares at 33.29 per share price.On Mar 8, 2016, Patrick V Apodaca (SR VP, GEN COUNSEL & SECY) sold 3,800 shares at 33.04 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.PNM Resources Inc was Downgraded by Jefferies on Jan 5, 2017 to Hold, Price Target of the shares are set at $34.50.PNM Resources Inc was Downgraded by Barclays on Dec 2, 2016 to Equal Weight, Lowers Price Target to $ 33 from a previous price target of $35 .

PNM Resources Inc Last issued its quarterly earnings results on Oct 28, 2016. The company reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.75. The company had revenue of $400.37 million for the quarter.The companys revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S.


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