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.
  • Practice your PNM trading strategies and win cash in our stock game.

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.

See all 52-week high stocks or get investment ideas from our investment research center.