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Berkshire Subsidiary MidAmerican Energy to Buy Nevada Utility
Thursday, May 30, 2013 - 7:48am | 559On Wednesday, MidAmerican Energy, a subsidiary of Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B), announced that it is purchasing NV Energy (NYSE: NVE) for $23.75 per share, valuing the deal at $5.6 billion. That’s a 23 percent premium over NV’s closing price on Wednesday. NV Energy provides gas...
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UPDATE: Williams Initiates NV Energy at Buy
Tuesday, June 21, 2011 - 9:26am | 91Williams is out with its report today on NV Energy (NYSE: NVE), initiating NVE at Buy. In a note to clients, Williams writes, "We initiate coverage on NV Energy, Inc. (NYSE: NVE) with a Buy investment rating and $18.00 target price on June 21, 2011 at a price of $15.40. Our target price merely...
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Citi Raises Price Target On NV Energy To $17
Friday, June 10, 2011 - 9:10am | 73According to Citi, NV Energy (NYSE: NVE) target price increases to $17 from $14. Citi said that that, “Additionally, we are adjusting 2011-12 EPS and introducing 2013 outlook. We are increasing our 2011 and 2012 EPS estimate to $1.01 and $1.25 from $0.96 and $1.15, respectively. Additionally, we...
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Citigroup Raises PT On NV Energy To $17
Friday, June 10, 2011 - 6:38am | 26Citigroup has raised the price target on NV Energy (NYSE: NVE) from $14 to $17 and maintains its Hold rating.
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Wunderlich Provides Color on NV Energy, Buy
Wednesday, June 8, 2011 - 6:27am | 146Wunderlich Securities provided color on NV Energy (NYSE: NVE) after the company announced it had filed a rate case for one of its subsidiaries. In a research report published today, Wunderlich states, "On June 6, Buy-rated NV Energy (NVE) filed a rate case for its southern utility subsidiary, as...
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JP Morgan Raises PT On NV Energy To $18
Tuesday, May 31, 2011 - 6:22am | 27JP Morgan has raised the price target on NV Energy (NYSE: NVE) from $17 to $18 and maintains its Overweight rating.
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Wunderlich Securities Reiterates Buy Rating On NV Energy, Upgrades PT To $16.5 (NVE)
Monday, May 2, 2011 - 6:26am | 96Wunderlich Securities has reiterated its Buy rating on NV Energy's (NYSE: NVE) and increased its price target to $15.5 in a research report published today. Previous estimate was $15.5. In the report, Wunderlich states, "NVE realized sales and customer growth in both its North and South utilities...
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Morgan Stanley Discontinues Coverage On FirstEnergy, NextEra Energy, NSTAR, Northeast Utilities, NV Energy and PG&E
Friday, March 18, 2011 - 8:37am | 90Morgan Stanley has discontinued coverage on the following companies: FirstEnergy Corp. (NYSE: FE), NextEra Energy (NYSE: NEE), NSTAR (NYSE: NST), Northeast Utilities (NYSE: NU),NV Energy (NYSE: NVE),PG&E Corporation (NYSE: PCG).
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Wunderlich Securities Maintains Buy Rating, $15.50 On NVE
Tuesday, February 22, 2011 - 8:21am | 149Wunderlich Securities is maintaining its Buy rating and $15.50 PT on shares of NV Energy, Inc. (NYSE: NVE). “On Friday, NV Energy (NVE) reported 4Q10 EPS of $0.06 vs. $0.02 (our estimate was $0.07). This led to 2010 diluted EPS of $0.96 vs. $0.78 a year ago,” Wunderlich Securities writes. “The...
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Goldman Sachs Reiterates NV Energy Rating; Price Target Maintained
Tuesday, October 26, 2010 - 8:19am | 119After NV Energy (NYSE: NVE) reported 3Q2010 EPS of $0.77 above Goldman Sachs' estimate of $0.75, the company has refreshed its forecasts and has reiterated its Buy rating. “We revise our 2010-2014 projections to reflect: (1) slightly lower rate increase assumptions for 2012+ as we assume a lower...
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Wunderlich Securities Anticipates Flat NV Energy Earnings
Friday, October 22, 2010 - 10:01am | 136NV Energy, Inc. (NYSE: NVE) is scheduled to report 3Q earnings on Monday, October 25. Wunderlich Securities forecast EPS of $0.77 versus $0.78 a year ago, and expects roughly flat sales combined with operating cost control will provide flat earnings in the quarter. “On the conference call, we...
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Flat Earnings Expected From NVE
Friday, October 22, 2010 - 7:53am | 171Wunderlich Securities has published a research report on NV Energy (NYSE: NVE) and expects a flat 3Q earnings report this coming Monday, October 25. In the report, Wunderlich writes "NV Energy (NVE) is scheduled to report 3Q earnings on Monday, October 25. We forecast EPS of $0.77 versus $0.78 a...