NV Energy (NYSE: NVE) posted its quarterly earnings results on Friday. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. The company had revenue of $600.57 million for the quarter, compared to the consensus estimate of $643.29 million.
NVE has been the subject of a number of recent research reports. Analysts at SunTrust initiated coverage on shares of NV Energy in a research note to investors on Wednesday, January 16th. They set a “neutral” rating on the stock. Analysts at Citigroup downgraded shares of NV Energy from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 8th. They now have a $19.00 price target on the stock, down previously from $21.00.
One research analyst has rated the stock with a buy rating, and ten have assigned a hold rating to the company. NV Energy currently has a consensus rating of “hold” and an average target price of $19.47.
Shares of NV Energy (NVE) opened at 19.44 on Friday. NV Energy (NVE) has a one year low of $15.40 and a one year high of $19.80. The stock’s 50-day moving average is currently $18.87. The company has a market cap of $4.576 billion and a P/E ratio of 16.62.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 20th. Investors of record on Tuesday, March 5th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Friday, March 1st. This is an increase from NV Energy’s previous quarterly dividend of $0.17.
NV Energy, Inc. is an investor-owned holding company. The Company has six primary, wholly owned subsidiaries: Nevada Power Company (operating as NV Energy), Sierra Pacific Power Company (operating as NV Energy), Sierra Pacific Communications, Sierra Pacific Energy Company, NVE Insurance Company, Inc.
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