Jefferies Comments On PNM 2011 Quarters

According to Jefferies, PNM Resources PNM posted 2011 quarters. Jefferies reported that it is maintaining its 2011 EPS estimate of $0.75 assumes rate relief at the mid-point between July and November. “If the final rate order were to occur on November 10, we estimate an incremental $0.05 of exposure in our estimate. We are maintaining our 2012 EPS estimate of $1.15. We are maintaining our 2013 EPS estimate of $1.30.” Exelon closed yesterday at $14.63.