Wells Fargo Maintains Their Hold Rating on Pnm Resources Inc (PNM)

By Jason Carr

Wells Fargo analyst Jonathan Reeder maintained a Hold rating on Pnm Resources Inc (PNMResearch Report) yesterday. The company’s shares closed on Friday at $49.78, close to its 52-week high of $50.60.

According to TipRanks.com, Reeder is a 3-star analyst with an average return of 11.6% and a 80.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., American States Water Company, and California Water Service.

The word on The Street in general, suggests a Hold analyst consensus rating for Pnm Resources Inc with a $48.17 average price target.

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The company has a one-year high of $50.60 and a one-year low of $34.95. Currently, Pnm Resources Inc has an average volume of 418.2K.

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Public Service Co. of New Mexico provides electricity and electric services. It offers payment options, billing, save money and energy and business energy analyzer. The company was founded in 1917 and is headquartered in Albuquerque, NM.