NEW YORK ( TheStreet) -- NV Energy Inc (NYSE: NVE) hit a new 52-week high Thursday as it is currently trading at $15.99, above its previous 52-week high of $15.96 with 570,965 shares traded as of 12:35 p.m. ET. Average volume has been 3.6 million shares over the past 30 days.

NV Energy has a market cap of $3.6 billion and is part of the utilities sector and utilities industry. Shares are up 10.7% year to date as of the close of trading on Wednesday.

NV Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. The company has a P/E ratio of 17.7, equal to the average utilities industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates NV Energy as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full NV Energy Ratings Report.

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