Utilities Sector Review: PNM Ups Dividend, CenterPoint 4Q Revenue

CenterPoint Energy, Inc. (NYSE:CNP): Reports Q4 revenue $2.15B, consensus $2.51B.

The shares closed at $19.49, up $0.97, or 5.24%, on the day. Its market capitalization is $8.30 billion.

PNM Resources, Inc. (NYSE:PNM): The PNM Resources Board of Directors yesterday unanimously voted to increase the company’s dividend payment by 16% to an indicated annual rate of 58c per share of common stock. As a result, the board has declared the quarterly common stock dividend of 14.5c per share, payable May 15, 2012, to shareholders of record at the close of business April 3, 2012.

The shares closed at $17.98, up $0.33, or 1.87%, on the day. Its market capitalization is $1.56 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

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