What’s Pnm Resources Inc (holding Co) (NYSE:PNM) Upside After This Short Interest Increase?

August 10, 2018 - By Palma Niemeyer

PNM Resources, Inc. (NYSE:PNM) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.56, from 1.59 in 2017Q4. It dropped, as 31 investors sold PNM Resources, Inc. shares while 78 reduced holdings. 34 funds opened positions while 78 raised stakes. 71.10 million shares or 1.93% less from 72.49 million shares in 2017Q4 were reported.
Kbc Gp Nv has invested 0.02% in PNM Resources, Inc. (NYSE:PNM). Alliancebernstein Limited Partnership owns 0.06% invested in PNM Resources, Inc. (NYSE:PNM) for 2.10M shares. Piermont Cap invested in 0.44% or 34,620 shares. The Netherlands-based Apg Asset Mngmt Nv has invested 0.03% in PNM Resources, Inc. (NYSE:PNM). Adams Diversified Equity Fund holds 19,200 shares. Geode Cap Mngmt Ltd Liability Corporation accumulated 0.01% or 704,234 shares. Asset One Ltd holds 0% or 10,690 shares in its portfolio. Financial Bank Of Montreal Can has 114,573 shares. Blackrock Inc has 9.02 million shares for 0.02% of their portfolio. Hsbc Public Limited Co reported 0% of its portfolio in PNM Resources, Inc. (NYSE:PNM). Van Eck Assocs has 8,870 shares for 0% of their portfolio. Hbk Lp holds 0.01% in PNM Resources, Inc. (NYSE:PNM) or 36,484 shares. United Services Automobile Association has invested 0.02% in PNM Resources, Inc. (NYSE:PNM). Rhumbline Advisers holds 0.01% or 174,534 shares in its portfolio. Massachusetts Fincl Svcs Ma holds 34,450 shares.

Since March 2, 2018, it had 1 buying transaction, and 3 insider sales for $224,332 activity. Darnell Ronald N. sold $113,674 worth of stock. BECKER NORMAN P. bought $48,125 worth of PNM Resources, Inc. (NYSE:PNM) on Tuesday, May 8. 1,500 shares were sold by Eldred Charles N, worth $53,325.

The stock of Pnm Resources Inc (holding Co) (NYSE:PNM) registered an increase of 40.15% in short interest. PNM’s total short interest was 1.28 million shares in August as published by FINRA. Its up 40.15% from 914,800 shares, reported previously. With 507,800 shares average volume, it will take short sellers 3 days to cover their PNM’s short positions. The short interest to Pnm Resources Inc (holding Co)’s float is 1.62%.

The stock increased 0.50% or $0.2 during the last trading session, reaching $40.15. About 65,055 shares traded. PNM Resources, Inc. (NYSE:PNM) has risen 4.90% since August 10, 2017 and is uptrending. It has underperformed by 7.67% the S&P500.

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. The company has market cap of $3.20 billion. It operates through Public Service Company of New Mexico and Texas-New Mexico Power Company (TNMP) divisions. It has a 44.17 P/E ratio. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.

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

Among 4 analysts covering Pnm Resources Inc (NYSE:PNM), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Pnm Resources Inc has $38 highest and $34.0 lowest target. $37’s average target is -7.85% below currents $40.15 stock price. Pnm Resources Inc had 7 analyst reports since February 12, 2018 according to SRatingsIntel. On Monday, February 12 the stock rating was maintained by SunTrust with “Hold”. SunTrust maintained it with “Hold” rating and $3700 target in Monday, April 2 report. Evercore upgraded the shares of PNM in report on Thursday, April 12 to “In-Line” rating. The stock has “Hold” rating by SunTrust on Wednesday, April 11. The firm earned “Market Perform” rating on Wednesday, February 28 by Wells Fargo. The company was maintained on Monday, April 23 by SunTrust.

Another recent and important PNM Resources, Inc. (NYSE:PNM) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows Pebblebrook Hotel Trust, Data I/O, PNM Resources, Inc. (Holding Co.), PolyOne, CoreSite …” on August 02, 2018.

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

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