Nuveen Asset Management Llc Lowered Its Position in Pnm Res Inc (NYSE:PNM) by $12.62 Million

May 17, 2018 - By Mary Markley

PNM Resources, Inc. (NYSE:PNM) Corporate LogoBig Money Sentiment increased to 1.59 in Q4 2017. It has change of 0.31, from 2017Q3’s 1.28. The ratio is positive due to PNM positioning: 16 sold and 69 reduced. 53 funds amassed positions and 82 increased positions. Investors holded 72.32 million in 2017Q3 but now own 72.49 million shares or 0.24% more. Raymond James & stated it has 0.01% in PNM Resources, Inc. (NYSE:PNM). Dean Mgmt owns 112,070 shs. Citigroup accumulated 44,504 shs. Vanguard invested in 8.80 million shs or 0.02% of the stock. The United Kingdom-based Gsa Prtn Limited Liability Partnership has invested 0.01% in PNM Resources, Inc. (NYSE:PNM). Profund Advsrs Ltd Liability Co reported 0.03% in PNM Resources, Inc. (NYSE:PNM). State Bank Of America De has invested 0% in PNM Resources, Inc. (NYSE:PNM). Verition Fund Mgmt Limited Liability has invested 0.03% in PNM Resources, Inc. (NYSE:PNM). Qs Ltd Llc holds 0.07% or 188,672 shs. Teacher Retirement System Of Texas, Texas-based fund reported 27,307 shs. Blackrock reported 0.02% of its capital in PNM Resources, Inc. (NYSE:PNM). Tompkins Financial Corp owns 688 shs. The Texas-based Smith Graham & Co Investment Lp has invested 0.61% in PNM Resources, Inc. (NYSE:PNM). Gamco Invsts Et Al reported 2.36M shs stake. Ahl Ptnrs Limited Liability Partnership stated it has 48,714 shs.

PNM registered $224,332 net activity with 1 buying transaction and 3 sales since March 2, 2018. The insider TARRY JOSEPH DON sold 2,954 shs worth $105,458. On Friday, March 2 Darnell Ronald N. sold $113,674 worth of PNM Resources, Inc. (NYSE:PNM). Eldred Charles N also sold $53,325 worth of PNM Resources, Inc. (NYSE:PNM) on Friday, March 2.

According to 2018Q1 Securities and Exchange filling the Nuveen Asset Management Llc reduced its holdings in Pnm Res Inc (NYSE:PNM) by 98.11%. By selling 332,214 shares Nuveen Asset Management Llc made the stock Sank with 7.33%. The institutional investor is holding 6,400 shares, compared to the 338,614 from the previous quarter. And the reported value of the public utilities company is $245,000 for the 2018Q1. $3.02 billion is the market cap of Pnm Res Inc. PNM reached $37.95 during the last trading session after $0.2 change.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%.

Nuveen Asset Management Llc manages about $15.33 billion US Long portfolio. Its stake in Forest City Rlty Tr Inc () was rose by 822,440 shares to 846,213 shares valued at $17.14M in 2018Q1, according to the filing. Nuveen Asset Management Llc has risen its stake in Netapp Inc (NASDAQ:NTAP) and also increased its holding in Price T Rowe Group Inc (NASDAQ:TROW) by 208,713 shares in the quarter, for a total of 280,948 shares.

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

In total 6 analysts cover Pnm Resources Inc (NYSE:PNM). “Buy” rating has 0, “Sell” are 1, while 5 are “Hold”. (NYSE:PNM) has 0 bullish analysts. 17 are the (NYSE:PNM)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Mizuho with “Sell” on Thursday, January 18. On Thursday, January 11 Mizuho maintained PNM Resources, Inc. (NYSE:PNM) with “Sell” rating. On Tuesday, December 26 the rating was maintained by SunTrust with “Hold”. On Thursday, April 12 the stock has “In-Line” rating by Evercore. On Tuesday, January 16 the rating was maintained by SunTrust with “Hold”. On Monday, December 11 the stock has “Hold” rating by SunTrust. On Monday, December 4 the company was maintained by SunTrust. The stock rating was maintained by SunTrust with “Hold” on Monday, February 5. On Wednesday, January 3 the firm has “Hold” rating by SunTrust given. On Wednesday, April 11 the rating was maintained by SunTrust with “Hold”.

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States.The company has $3.02 billion market cap. 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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