NEW YORK (

TheStreet

) --

NV Energy

(NYSE:

NVE

) hit a new 52-week high Friday as it is currently trading at $18.40, above its previous 52-week high of $18.39 with 75,206 shares traded as of 9:35 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

NV Energy has a market cap of $4.2 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 10.2% year to date as of the close of trading on Thursday.

NV Energy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. It also delivers natural gas service. The company has a P/E ratio of 24.4, below the average utilities industry P/E ratio of 24.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates NV Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and growth in earnings per share. 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

NV Energy Ratings Report

.

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52-week high stocks

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.

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