PNM Resources The energy company reported last month fourth-quarter earnings of $176.4 million, or $1.96 a share, a swing from a year-earlier loss of $45.2 million, or 49 cents a share. "Q4 results beat our expectations and represent a strong ending to a very good 2011," Wells Fargo analysts wrote in a March 1 report. "In addition, a 16% dividend hike announcement is a nice start to 2012. PNM affirmed its 2012 EPS guidance and its long-term goal to provide total return in the top quartile of the industry. We are reiterating our 2012-14 estimates and our Market Perform rating. While we think PNM has a good chance to achieve its long-term top-quartile return target, numerous near-term regulatory uncertainties keep us from getting more aggressive with our rating." Forward Annual Dividend Yield: 3.1% Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin has increased from the previous year. PNM Resources has very weak liquidity. Its Quick Ratio is 0.47, which demonstrates a lack of ability to meet its short-term cash needs. In the fourth quarter, stockholders' net worth decreased 3.80% from the prior year. TheStreet Ratings' price target is $23.91.