NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $15.95, above its previous 52-week high of $15.94 with 848,903 shares traded as of 2:52 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
NV Energy has a market cap of $3.7 billion and is part of the
industry. Shares are up 12.7% year to date as of the close of trading on Thursday.
NV Energy, Inc., through its subsidiaries, engages in the generation, transmission, and distribution of electric energy in southern Nevada. It operates in three segments: NPC Electric, SPPC Electric, and SPPC Natural Gas. The company has a P/E ratio of 15.9, below the average utilities industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates NV Energy as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full
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