NV Energy Stock Hits New 52-Week High (NVE)

NEW YORK ( TheStreet) -- NV Energy (NYSE: NVE) hit a new 52-week high Wednesday as it is currently trading at $17.40, above its previous 52-week high of $17.39 with 916,827 shares traded as of 11:30 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

NV Energy has a market cap of $4.02 billion and is part of the utilities sector and utilities industry. Shares are up 4.3% year to date as of the close of trading on Tuesday.

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 23.4, below the average utilities industry P/E ratio of 23.7 and above the S&P 500 P/E ratio of 17.7.

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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