PNM Resources Inc (NYSE:PNM) declared a quarterly dividend on Tuesday, September 24th, Zacks reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.29 per share by the utilities provider on Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, October 31st.
PNM stock traded down $0.07 during midday trading on Tuesday, reaching $50.58. 23,723 shares of the company were exchanged, compared to its average volume of 310,557. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.45 and a quick ratio of 0.34. The business has a 50-day moving average price of $51.40 and a two-hundred day moving average price of $49.61. PNM Resources has a one year low of $37.67 and a one year high of $52.98. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 4.47 and a beta of 0.21.
PNM Resources (NYSE:PNM) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. PNM Resources had a negative net margin of 1.69% and a positive return on equity of 8.08%. The firm had revenue of $330.23 million during the quarter. As a group, analysts anticipate that PNM Resources will post 2.09 earnings per share for the current fiscal year.
About PNM Resources
PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity.
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