NV Energy Stock To Go Ex-dividend Tomorrow (NVE)

NEW YORK ( TheStreet) -- The ex-dividend date for NV Energy (NYSE: NVE) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $15.72 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for NV Energy has been 2.1 million shares per day over the past 30 days. NV Energy has a market cap of $3.77 billion and is part of the utilities sector and utilities industry. Shares are down 4.1% 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 22.8, above the average utilities industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.

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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