PNM Resources Inc (PNM): Today's Featured Utilities Loser
PNM Resources (PNM) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day up 1.8%. By the end of trading, PNM Resources fell 48 cents (-2.6%) to $17.94 on heavy volume. Throughout the day, 2.1 million shares of PNM Resources exchanged hands as compared to its average daily volume of one million shares. The stock ranged in price between $17.64-$18.42 after having opened the day at $18.42 as compared to the previous trading day's close of $18.42. PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It primarily engages in the generation, transmission, and distribution of electricity. The company generates electricity using coal, nuclear, natural gas, and wind energy. PNM Resources has a market cap of $1.49 billion and is part of the utilities industry. Shares are up 41.5% year to date as of the close of trading on Thursday. Currently there are two analysts that rate PNM Resources a buy, no analysts rate it a sell, and seven rate it a hold. TheStreet Ratings rates PNM as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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