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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- NV Energy (NYSE: NVE) hit a new 52-week high Wednesday as it is currently trading at $20.26, above its previous 52-week high of $20.24 with 705,444 shares traded as of 12:40 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

NV Energy has a market cap of $4.73 billion and is part of the utilities sector and utilities industry. Shares are up 10.5% 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 14.9, below 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 solid stock price performance, compelling growth in net income, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full NV Energy Ratings Report.

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