Mesirow Financial Investment Management – Equity Management buys $32,929,518 stake in PNM Resources Inc (PNM)

PNM Resources Inc (PNM) : Mesirow Financial Investment Management – Equity Management scooped up 953,472 additional shares in PNM Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 984,440 shares of PNM Resources Inc which is valued at $32,929,518.PNM Resources Inc makes up approximately 1.87% of Mesirow Financial Investment Management – Equity Management’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management reduced its stake in PNM by selling 1,650 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 40,070 shares of PNM which is valued at $1,340,342. PNM Resources Inc makes up approx 0.02% of Advisors Asset Management’s portfolio.Creative Planning boosted its stake in PNM in the latest quarter, The investment management firm added 1,566 additional shares and now holds a total of 2,875 shares of PNM Resources Inc which is valued at $99,763.Cutler Group Lp boosted its stake in PNM in the latest quarter, The investment management firm added 502 additional shares and now holds a total of 512 shares of PNM Resources Inc which is valued at $17,766.

PNM Resources Inc closed down -0.89 points or -2.64% at $32.76 with 7,08,867 shares getting traded on Monday. Post opening the session at $33.64, the shares hit an intraday low of $32.76 and an intraday high of $33.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PNM Resources Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.39. The company had revenue of $315.39 million for the quarter.The company’s revenue was down -10.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

PNM Resources Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Company’s business segments include PNM TNMP and Corporate and Other. PNM is an electric utility that provides electric generation transmission and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities primarily related to corporate level debt and PNMR Services Company. The Company’s primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

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