Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of energy holding company PNM Resources
So what: PNM's fourth quarter fell slightly below analyst targets, but guidance for the coming year impressed with an earnings range of $0.80-$0.92 per share versus the Street's $0.77-per-share consensus.
Now what: Chief among PNM's catalysts is the recent approval of electric rate hikes for Texan subsidiary TNMP. A similar rate increase seems to be on track for PNM's namesake utility in New Mexico, which would push results to the top end of that guidance range. Industry peers Xcel Energy
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.