NV Energy Reaches New 52-Week High (NVE)

NEW YORK ( TheStreet) -- NV Energy (NYSE: NVE) hit a new 52-week high Tuesday as it is currently trading at $17.05, above its previous 52-week high of $16.87 with 809,308 shares traded as of 9:40 a.m. ET. Average volume has been two million shares over the past 30 days.

NV Energy has a market cap of $3.86 billion and is part of the utilities sector and utilities industry. Shares are down 0.4% year to date as of the close of trading on Monday.

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 23.7, equal to the average utilities industry P/E ratio 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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