ValuEngine cut shares of Huaneng Power International (NYSE:HNP) from a buy rating to a hold rating in a report released on Saturday morning.
HNP has been the subject of several other research reports. Zacks Investment Research downgraded shares of Huaneng Power International from a buy rating to a hold rating in a report on Tuesday, December 26th. Daiwa Capital Markets downgraded shares of Huaneng Power International from a hold rating to a sell rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $30.00.
Shares of Huaneng Power International (NYSE:HNP) opened at $25.76 on Friday. The firm has a market cap of $9,789.06, a PE ratio of 37.33, a P/E/G ratio of 1.43 and a beta of 0.73. Huaneng Power International has a 1-year low of $23.64 and a 1-year high of $31.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.33 and a quick ratio of 0.29.
A number of hedge funds and other institutional investors have recently modified their holdings of HNP. FDx Advisors Inc. acquired a new stake in Huaneng Power International in the 3rd quarter valued at about $224,000. Northern Trust Corp lifted its holdings in Huaneng Power International by 8.8% in the 2nd quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 710 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Huaneng Power International by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,133 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 124 shares during the last quarter. State Street Corp lifted its holdings in Huaneng Power International by 2.2% in the 2nd quarter. State Street Corp now owns 14,577 shares of the utilities provider’s stock valued at $405,000 after acquiring an additional 307 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Huaneng Power International in the 4th quarter valued at about $412,000. 0.42% of the stock is owned by institutional investors.
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About Huaneng Power International
Huaneng Power International, Inc, an independent power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.
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