Showing posts with label NV Energy. Show all posts
Showing posts with label NV Energy. Show all posts

Wednesday, October 27, 2010

Bank of America (NYSE:BAC) Changes Ratings on CMS (NYSE:CMS) and NV Energy (NYSE:NVE)

Bank of America (NYSE:BAC) changed its ratings on NV Energy (NYSE:NVE) and CMS Energy (NYSE:CMS), upgrading one and downgrading the other.

In the case of CMS Energy (NYSE:CMS), they were downgraded from "Buy" to "Neutral." After remaining level for months, CMS caught fire in the early part of July, but seem poised for a pullback.

NV Energy has been on a more steady climb, and were upgraded by Bank of America from "Underperform" to "Buy," as it looks like it's their turn to start a more serious climb in price.

NV closed Monday at $13.50, gaining $0.51, or 3.93 percent. CMS ended the trading session at $18.33, dropping $0.39, or 2.08 percent.

Tuesday, September 14, 2010

Citigroup (NYSE:C) Downgrades NV Energy (NYSE:NVE)

Citigroup Inc. (NYSE:C) announced it has downgraded NV Energy, Inc. (NYSE:NVE) from "Buy" to "Hold."

Analyst Brian said in a note, decision was "...based on 12.5x P/E multiple on a below consensus 2012 EPS estimate of $1.15."

Citi did maintain their price target on the company of $14 a share.

NV Energy, Inc., which operates in southern Nevada, generates, transmits and distributes energy in that region.

They closed Monday at $13.13, up $0.18, or 1.39 percent. Trading volume was almost equal to the 3-month average.