PNM Resources, Inc. (Holding Co.) (PNM) News
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PNM News Highlights
- For PNM, its 30 day story count is now at 10.
- Over the past 23 days, the trend for PNM's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- AEP, NMRD and SAM are the most mentioned tickers in articles about PNM.
Latest PNM News From Around the Web
Below are the latest news stories about PNM RESOURCES INC that investors may wish to consider to help them evaluate PNM as an investment opportunity.
American Electric Power (AEP) to Sell Stake in New Mexico AssetAmerican Electric Power (AEP) continues to streamline its operation by divesting non-core assets and adding more renewable assets to its generation portfolio. |
PNM Resources (PNM) to Sell Renewable Joint Venture for $230MPNM Resources (PNM) and American Electric Power inked a deal to divest around 50% stake each in New Mexico Renewable Development, LLC for $230 million. |
Electric Company AEP and PNM Unload 50% Solar Stake for $230M in Strategic ShiftAmerican Electric Power Co Inc (NASDAQ: AEP), along with PNM Resources Inc (NYSE: PNM), inked a deal to divest around 50% stake each in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC for about $230 million. In particular, AEP and PNM Resources intend to sell the portfolio of 15 solar projects totaling 625 megawatts (MW). AEP's share of the sale is around $115 million, and it expects to garner about $104 million in cash after tax, transaction fees, and other cust |
Utilities AEP, PNM Sell New Mexico Solar Assets for $230 Million(Bloomberg) -- American Electric Power and PNM Resources Inc. have entered into an agreement to sell their joint venture New Mexico Renewable Development, which consists of 15 solar projects, to Exus North America Holdings LLC for about $230 million.Most Read from BloombergChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerTesla Plans Revamp of Smash Hit Model Y From China PlantApple’s iPhone Design Chief Enlisted by Jony Ive, Sam Altman to Work on AI DevicesGhost Ships at Reawaken |
PNM Resources Announces Sale of Renewable Joint VenturePNM Resources (NYSE: PNM) has entered into an agreement to sell its 50% ownership interest in its renewable joint venture, New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. PNM Resources and American Electric Power (AEP), which also owns 50% of NMRD, have agreed to sell the NMRD portfolio for approximately $230 million subject to true-up adjustments at close. |
PNM Resources' (NYSE:PNM) Dividend Will Be Increased To $0.3875The board of PNM Resources, Inc. ( NYSE:PNM ) has announced that it will be paying its dividend of $0.3875 on the 16th... |
3 Top Dividend Stocks to Maximize Your Retirement IncomeThe traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years? |
What PNM Resources, Inc.'s (NYSE:PNM) ROE Can Tell UsMany investors are still learning about the various metrics that can be useful when analysing a stock. This article is... |
PNM Resources (PNM) Raises Annual Dividend Rate by 5.4%PNM Resources (PNM) continues to perform steadily and is generating stable cash flows, enabling it to increase dividend rates and reward its shareholders. |
PNM Resources Increases Common Dividend 5.4%The Board of Directors of PNM Resources (NYSE: PNM) today voted to increase the company's annual dividend payment by $0.08, a 5.4% increase, to an indicated annual rate of $1.55 per share of common stock. The increase is consistent with the company's targeted long-term ongoing earnings per share growth rate of 5%. |