A number of research firms have weighed in on PNM.

Source: https://www.dailypolitical.com/2023/11/07/american-international-group-inc-sells-2831-shares-of-pnm-resources-inc-nysepnm.html

Finally, initiated coverage on PNM Resources in a research report on Wednesday, October 12th.

Source: https://www.etfdailynews.com/2023/01/15/cwm-llc-buys-3862-shares-of-pnm-resources-inc-nysepnm/

Jefferies Financial Group Inc. bought a new stake in shares of PNM Resources, Inc. () in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.

Source: https://www.americanbankingnews.com/2023/12/10/jefferies-financial-group-inc-acquires-shares-of-23100-pnm-resources-inc-nysepnm.html

Net-net, I rate PNM a hold for the reasons discussed in this report.

Source: https://seekingalpha.com/article/4636864-pnm-resources-debate-hinges-on-merger-economic-value-absent-either-way?source=feed_all_articles

“PNM has around 109 line personnel statewide to respond to outages on a given day.

Source: https://www.abqjournal.com/2576883/how-long-should-pnm-customers-expect-to-wait-for-power-after-a-wind-related-outage.html

PNM Resources, Inc. has a fifty-two week low of $42.67 and a fifty-two week high of $49.60.

Source: https://www.americanbankingnews.com/2023/10/29/crossmark-global-holdings-inc-sells-309-shares-of-pnm-resources-inc-nysepnm.html

Still, the UNC, Opposition Leader Kamla Persad-Bissessar said it was the PNM officials who were involved.

Source: https://www.caribbeannationalweekly.com/news/caribbean-news/special-team-appointed-in-trinidad-to-investigate-human-trafficking-allegations/

Such investor-owned utilities as PNM and Southwestern Public Service Co. have been investing heavily in carbon-free electric generation.

Source: https://www.abqjournal.com/2578392/local-choice-energy-act-2.html

Swiss National Bank’s holdings in PNM Resources were worth $8,568,000 as of its most recent filing with the SEC.

Source: https://www.etfdailynews.com/2023/08/27/pnm-resources-inc-nysepnm-shares-sold-by-swiss-national-bank/

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNM Resources, Inc. (

Source: https://www.etfdailynews.com/2023/01/15/cwm-llc-buys-3862-shares-of-pnm-resources-inc-nysepnm/

While I agree that the right thing must be recognized do not chastise some when they are not PNM operatives.

Source: http://wired868.com/2023/04/22/dear-editor-do-not-support-lawlessness-mr-chief-secretary-you-owe-licensing-officers-an-apology/