Apg Asset Management Nv Decreased Pnm Res Inc (NYSE:PNM) Stake By $13.51 Million

August 14, 2018 - By Harriett Tippett

PNM Resources, Inc. (NYSE:PNM) LogoInvestors sentiment decreased to 1.03 in Q1 2018. Its down 0.56, from 1.59 in 2017Q4. It dropped, as 31 investors sold PNM shares while 78 reduced holdings. 34 funds opened positions while 78 raised stakes. 71.10 million shares or 1.93% less from 72.49 million shares in 2017Q4 were reported. State Treasurer State Of Michigan invested in 0.01% or 29,034 shares. Credit Suisse Ag, Switzerland-based fund reported 103,773 shares. Benjamin F Edwards And invested in 2,107 shares. Td Asset Mngmt reported 0% in PNM Resources, Inc. (NYSE:PNM). 6,259 were accumulated by Paloma Partners Mgmt Com. Lpl Financial Ltd Limited Liability Company holds 0% or 15,724 shares. Piermont Cap Inc reported 34,620 shares or 0.44% of all its holdings. Moreover, Metropolitan Life Insur Ny has 0% invested in PNM Resources, Inc. (NYSE:PNM). Deutsche State Bank Ag has 163,584 shares for 0% of their portfolio. Ww Asset reported 0% in PNM Resources, Inc. (NYSE:PNM). Parallax Volatility Advisers Lp, California-based fund reported 330 shares. Asset Mngmt One Limited holds 0% of its portfolio in PNM Resources, Inc. (NYSE:PNM) for 10,690 shares. Utd Ser Automobile Association reported 181,291 shares stake. Swiss Natl Bank has invested 0.01% in PNM Resources, Inc. (NYSE:PNM). Sei Invests has 61,014 shares for 0.01% of their portfolio.

Since March 2, 2018, it had 1 insider buy, and 3 sales for $224,332 activity. 2,954 shares were sold by TARRY JOSEPH DON, worth $105,458. 1,500 shares were sold by Eldred Charles N, worth $53,325. $113,674 worth of stock was sold by Darnell Ronald N. on Friday, March 2.

Apg Asset Management Nv decreased its stake in Pnm Res Inc (NYSE:PNM) by 97.45% based on its latest 2018Q2 regulatory filing with the SEC. Apg Asset Management Nv sold 409,300 shares as the company’s stock rose 9.09% while stock markets declined. The institutional investor held 10,700 shares of the public utilities company at the end of 2018Q2, valued at $356,000, down from 420,000 at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Pnm Res Inc for a number of months, seems to be less bullish one the $3.17 billion market cap company. It closed at $39.8 lastly. It is down 4.90% since August 14, 2017 and is uptrending. It has underperformed by 7.67% the S&P500.

Apg Asset Management Nv, which manages about $54.40B US Long portfolio, upped its stake in Nucor Corp (NYSE:NUE) by 485,905 shares to 598,662 shares, valued at $32.05M in 2018Q2, according to the filing. It also increased its holding in Avery Dennison Corp (NYSE:AVY) by 259,600 shares in the quarter, for a total of 2.05 million shares, and has risen its stake in Omnicom Group Inc (NYSE:OMC).

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

Among 4 analysts covering PNM Resources (NYSE:PNM), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. PNM Resources has $38 highest and $3500 lowest target. $37’s average target is -7.04% below currents $39.8 stock price. PNM Resources had 6 analyst reports since February 28, 2018 according to SRatingsIntel. The company was maintained on Monday, April 2 by SunTrust. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, February 28. SunTrust maintained PNM Resources, Inc. (NYSE:PNM) on Monday, April 23 with “Hold” rating. SunTrust maintained the stock with “Hold” rating in Wednesday, April 11 report. As per Thursday, April 12, the company rating was upgraded by Evercore.

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. The company has market cap of $3.17 billion. It operates through Public Service Company of New Mexico and Texas-New Mexico Power Company (TNMP) divisions. It has a 43.78 P/E ratio. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.

More news for PNM Resources, Inc. (NYSE:PNM) were recently published by: Streetinsider.com, which released: “PNM Resources (PNM) Tops Q2 EPS by 10c, Miss on Reveunes; Offers FY19 EPS Outlook” on July 31, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows Pebblebrook Hotel Trust, Data I/O, PNM Resources, Inc. (Holding Co.), PolyOne, CoreSite …” and published on August 02, 2018 is yet another important article.

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

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