Quadrant Capital Group LLC Increases Investment in PNM Resources,

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Quadrant Capital Group LLC has increased their stock holdings in PNM ($NYSE:PNM) Resources, Inc., according to Defense World. PNM Resources, Inc. is an energy holding company based in Albuquerque, New Mexico, which provides electric and natural gas services to customers throughout the Southwest United States. Through its subsidiaries, PNM Resources provides utility services to approximately 1 million customers in Arizona, New Mexico, and Texas. The company has been an industry leader in providing reliable and affordable energy solutions while focusing on sustainability and environmental stewardship. The substantial increase in Quadrant Capital Group’s stock holdings demonstrates a strong commitment to PNM Resources and its continued success.

This added investment will help the company expand its reach and services in the Southwest region, while continuing to provide a reliable and affordable energy solution to their customers. As PNM Resources moves forward, Quadrant Capital Group’s increased investment will surely help the company remain a leader in providing reliable energy services while maintaining its commitment to sustainability and environmental stewardship.

Share Price

On Thursday, PNM Resources, Inc. (PNM) saw a slight decline in its stock prices, opening at $46.5 and closing at $46.4, a decrease of 0.4% from its prior closing price of 46.7. The increase in Quadrant’s investment in PNM Resources signals the company’s strong belief in the potential for good financial returns in the future. PNM Resources provides electricity and natural gas to customers in New Mexico and Texas and has seen steady growth over the past few years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pnm Resources. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pnm Resources. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pnm Resources. More…

Key Ratios Snapshot

Some of the financial key ratios for Pnm Resources are shown below. More…

Analysis

At GoodWhale, we recently conducted a financial assessment of PNM RESOURCES. After careful analysis, we have determined that it is a medium risk investment in terms of financial and business aspects. We identified two risk warnings in the income sheet and balance sheet of PNM RESOURCES. To learn more about these risk warnings, be sure to register with us. With our help, you can gain more insight into the financials of PNM RESOURCES and make informed investment decisions. More…

Peers

PNM Resources Inc is an electric utility company that serves New Mexico and Texas. The company has two main subsidiaries: Public Service Company of New Mexico and Texas-New Mexico Power Company. PNM Resources is the holding company for these two subsidiaries. The company has a market capitalization of $2.79 billion and its shares are traded on the New York Stock Exchange under the ticker symbol PNM. The company’s main competitors are Rosseti PJSC, Portland General Electric Co, and Centrais Eletricas Brasileiras SA.

– Rosseti PJSC ($NYSE:POR)

General Electric Co is an American multinational conglomerate corporation headquartered in Boston, Massachusetts. As of 2018, the company operates through the following segments: Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, and Capital. The company has a market cap of 3.91B as of 2022 and a return on equity of 9.64%.

– Portland General Electric Co ($NYSE:EBR.B)

Centrais Eletricas Brasileiras SA is a Brazilian electric utility company. The company is involved in the generation, transmission, and distribution of electricity in Brazil. The company has a market cap of 23.13B as of 2022 and a Return on Equity of 9.75%. The company is headquartered in Rio de Janeiro, Brazil.

Summary

This move reflects the firm’s positive outlook on the company’s potential for future growth. Analysis of the company’s financials shows that it is performing well with strong cash flow and healthy earnings. Its debt to equity ratio is also below industry average which makes it an attractive investment.

Additionally, its dividend yield is also higher than peers making it even more attractive to investors. The company is in a good position for long-term growth and the recent stock purchase by Quadrant Capital Group LLC further confirms this.