NV Energy (NYSE:NVE) declared a quarterly dividend on Thursday, August 1st, Stock Ratings Network.com reports. Investors of record on Tuesday, September 3rd will be given a dividend of $0.19 per share on Wednesday, September 18th. This represents a $0.76 dividend on an annualized basis and a yield of 3.21%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of NV Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 18th. They now have a $25.40 price target on the stock. On the ratings front, analysts at Williams Capital downgraded shares of NV Energy from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 16th. Finally, analysts at Wunderlich raised their price target on shares of NV Energy from $21.00 to $23.75 in a research note to investors on Friday, May 31st.
Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.78.
NV Energy (NYSE:NVE) traded up 0.25% on Thursday, hitting $23.69. NV Energy has a 52-week low of $17.41 and a 52-week high of $23.73. The stock’s 50-day moving average is currently $23.5. The company has a market cap of $5.580 billion and a price-to-earnings ratio of 17.24.
NV Energy (NYSE:NVE) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $731.64 million for the quarter, compared to the consensus estimate of $693.26 million. During the same quarter last year, the company posted $0.29 earnings per share. NV Energy’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that NV Energy will post $1.32 earnings per share for the current fiscal year.
NV Energy, Inc (NYSE:NVE) is an investor-owned holding company.
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