NEW YORK ( TheStreet) -- PNM Resources Inc (NYSE: PNM) hit a new 52-week high Monday as it is currently trading at $17.17, above its previous 52-week high of $17.14 with 839,844 shares traded as of four p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

PNM has a market cap of $1.4 billion and is part of the utilities sector and utilities industry. Shares are up 27.4% year to date as of the close of trading on Friday.

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.
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TheStreet Ratings rates PNM as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and revenue growth. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full PNM Ratings Report.

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