Pnm Res Inc (NYSE:PNM) Shareholder Nuveen Asset Management Llc Trimmed Its Position

May 17, 2018 - By Jason Dias

PNM Resources, Inc. (NYSE:PNM) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.59. That’s change of 0.31, from 2017Q3’s 1.28. 16 investors sold all, 69 reduced holdings as PNM ratio increased. 82 grew positions while 53 funds bought positions. Funds hold 72.49 million shares thus 0.24% more from 2017Q3’s 72.32 million shares. Tci Wealth Advisors reported 0.05% stake. First Washington invested 0.11% in PNM Resources, Inc. (NYSE:PNM). Credit Suisse Ag, a Switzerland-based fund reported 141,338 shs. Kennedy Mgmt holds 0.16% or 218,830 shs in its capital. Jane Street Gp Limited Company holds 0% or 8,551 shs. 3,100 were accumulated by Old Mutual Customised Solutions (Proprietary) Limited. Bailard Inc reported 0.1% stake. Meristem Llp, a Minnesota-based fund reported 7,005 shs. Deutsche National Bank Ag, a Germany-based fund reported 273,492 shs. Deroy & Devereaux Private Invest Counsel holds 1.73% or 405,186 shs in its capital. Dean Invest Assoc owns 155,120 shs or 0.96% of their US capital. Gemmer Asset Mgmt Ltd Limited Liability Company holds 0% or 259 shs. Dean Mngmt owns 112,070 shs. First Citizens Bancorp And holds 0.04% or 6,750 shs. Engineers Gate Manager L P invested in 0.08% or 29,976 shs.

PNM had 3 insider sales and 1 insider purchase since March 2, 2018. This’s net activity of $224,332. 1,250 shs were bought by BECKER NORMAN P., worth $48,125. The insider Eldred Charles N sold 1,500 shs worth $53,325. Another trade for 2,954 shs valued at $105,458 was sold by TARRY JOSEPH DON.

Nuveen Asset Management Llc’s stake in Pnm Res Inc (NYSE:PNM) is decreased by 98.11% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock declined 7.33% with the market as Nuveen Asset Management Llc sold 332,214 shares. The public utilities company at the end of 2018Q1 was priced at $245,000. It’s down from 338,614 at the end of the previous reported quarter. Now it had 6,400 shares held by the institutional investor . Pnm Res Inc has $3.02B MC. The stock decreased 0.52% or $0.2 during the last trading session, reaching $37.95.Currently PNM Resources, Inc. is uptrending after 0.93% change in last May 17, 2017. PNM has also 450,353 shares volume. The stock underperformed the S&P500 by 10.62%.

About $15.33B US Long portfolio Nuveen Asset Management Llc manages. According to a filing the fund upped its stake in Oneok Inc New (NYSE:OKE) by 297,236 shares to 830,885 shares, valued at $47.29 million in 2018Q1. For a total of 111,000 shares it increased its holding in Spdr S&P 500 Etf Tr (SPY) by 99,534 shares in the quarter, and has risen its stake in Regions Finl Corp New (NYSE:RF).

Nuveen Asset Management Llc is a Illinois-based institutional investor with more than $116.00 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Nuveen Asset Management Llc is the 40th largest institutional investor in our database. Taken from Nuveen Asset Management latest Adv, the fund reported to have 167 full and part-time employees. Among which 148 performing investment advisory and research functions. The institutional investor had more than 24900 clients.

PNM Resources, Inc. (NYSE:PNM) Ratings Coverage

Total analysts of 6 have positions in Pnm Resources Inc (NYSE:PNM) as follows: 0 rated it a “Buy”, 1 with “Sell” and 5 with “Hold”. The positive are 0. Since December 4, 2017 according to StockzIntelligence Inc Pnm Resources Inc has 17 analyst reports. On Thursday, February 1 RBC Capital Markets maintained PNM Resources, Inc. (NYSE:PNM) with “Hold” rating. On Monday, February 5 the rating was maintained by SunTrust with “Hold”. On Monday, April 23 SunTrust maintained PNM Resources, Inc. (NYSE:PNM) with “Hold” rating. On Thursday, January 11 Mizuho maintained PNM Resources, Inc. (NYSE:PNM) with “Sell” rating. On Tuesday, December 26 SunTrust maintained PNM Resources, Inc. (NYSE:PNM) rating. SunTrust has “Hold” rating and $39.0 target. On Monday, April 2 the rating was maintained by SunTrust with “Hold”. On Monday, December 11 the firm has “Hold” rating by SunTrust given. On Monday, February 12 the rating was maintained by SunTrust with “Hold”. On Tuesday, January 23 Mizuho upgraded PNM Resources, Inc. (NYSE:PNM) rating. Mizuho has “Neutral” rating and $37 target. In Wednesday, April 11 report SunTrust maintained it with “Hold” rating and $3500 target.

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States.The firm is valued at $3.02 billion. It operates through Public Service Company of New Mexico and Texas-New Mexico Power Company (TNMP) divisions.The P/E ratio is 37.95. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.

PNM Resources, Inc. (NYSE:PNM) Institutional Investors Chart

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