PNM Resources

On Monday, Benzinga asked Should Traders Brace for a Rough Q2 Earnings Season? In a nutshell, the answer is yes. The coming earnings season could be the worst in more than three years. One of the ways investors are expected to prepare for the quarter is to turn to utilities, which are seen as less...

Here's a quick look at nine of the best-performing stocks of the past year that also had dividend yields of 2% or more. Advance America, Cash Advance Centers (NYSE: AEA) shares ended the year almost 65% higher, despite a recent pullback from the 52-week high. The company recently completed the...

Here's a quick look at nine of the best-performing utilities stocks of the past year. Atlas Energy (NYSE: ATLS) is up more than 65% year to date, as well as up almost 90% from the 52-low in October. The Pennsylvania-based natural gas processor announced in October the formation of an MLP focused...

Jefferies & Company has raised the price target on PNM Resources (NYSE: PNM) from $16 to $16.50 and maintains its Hold rating.

According to a recent report from J.P. Morgan, after last week's meetings with PNM Resources (NYSE: PNM) management team, J.P. Morgan has increased the price target on the company from $17.00 to $18.00 and has reiterated the Overweight rating. In the report, J.P. Morgan said, "Although continued...

JP Morgan has raised the price target on PNM Resources (NYSE: PNM) from $17 to $18 and maintains its Overweight rating.

Ladenburg Thalmann has raised the price target on PNM Resources (NYSE: PNM) from $15 to $16.50 and maintains its Neutral rating.

According to Jefferies, PNM Resources (NYSE: PNM) posted 2011 quarters. Jefferies reported that it is maintaining its 2011 EPS estimate of $0.75 assumes rate relief at the mid-point between July and November. “If the final rate order were to occur on November 10, we estimate an incremental $0.05...

In a report published by J.P. Morgan, it maintains its OW rating on PNM Resources (NYSE: PNM) despite a 10% move in the stock over the past two days, as it believes the shares remain undervalued relative to peers.   J.P. Morgan said that it believes management’s discussion of its...

After scrubbing its model, Wells Fargo said that it is increasing its 2011 and 2012 EPS estimates on shares of PNM Resources, Inc. (NYSE: PNM). “Our 2011E improves to $0.67 from $0.62 and our 2012E increases to $1.12 from $1.08,” Wells Fargo writes. “The revisions reflect the TNMP rate case...

Jefferies has increased its 2010/11/12 EPS estimates on PNM Resources (NYSE: PNM) from $0.05/$0.15/$0.10 to $0.90/$0.55/$0.90.

PNM Resources (NYSE: PNM) is believed to have expensive shares according to Jefferies, which are based on the company's earnings potential from its association and exposure in New Mexico. In the report, Jefferies writes "Key drivers include rate relief effective July 1, 2009 and April 1, 2010 ($0....

Argus has downgraded the following companies: Windstream Corporation (NASDAQ: WIN) from Buy to Hold Windstream closed yesterday at $12.91. PNM Resources, Inc. (NYSE: PNM) From Buy to Hold PNM closed yesterday at $11.41.