NV Energy (NYSE: NVE) was downgraded by equities researchers at Williams Capital from a “buy” rating to a “hold” rating in a research report issued on Tuesday, StockRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Ladenburg Thalmann raised their price target on shares of NV Energy from $21.50 to $23.75 in a research note to investors on Friday, May 31st. Finally, analysts at Barclays Capital raised their price target on shares of NV Energy from $22.00 to $23.75 in a research note to investors on Friday, May 31st. They now have an “equal weight” rating on the stock.
Six equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $22.25.
Shares of NV Energy (NYSE: NVE) traded up 0.02% during mid-day trading on Tuesday, hitting $23.655. NV Energy has a 52 week low of $17.41 and a 52 week high of $23.71. The stock’s 50-day moving average is currently $23.29. The company has a market cap of $5.569 billion and a P/E ratio of 17.00.
NV Energy (NYSE: NVE) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $584.22 million for the quarter, compared to the consensus estimate of $615.68 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. NV Energy has set its FY13 guidance at $1.25-1.35 EPS. On average, analysts predict that NV Energy will post $1.30 earnings per share for the current fiscal year.
NV Energy, Inc (NYSE: NVE) is an investor-owned holding company.
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