Huaneng Power International, Inc. (HNP) Given Consensus Rating of “Hold” by Analysts

Huaneng Power International, Inc. (NYSE:HNP) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Huaneng Power International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. HSBC Holdings plc raised shares of Huaneng Power International from a “reduce” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, June 14th. Finally, Macquarie raised shares of Huaneng Power International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 23rd.

A number of institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG grew its stake in Huaneng Power International by 155.9% in the 1st quarter. Credit Suisse AG now owns 89,319 shares of the utilities provider’s stock valued at $2,379,000 after acquiring an additional 54,410 shares during the period. Morgan Stanley lifted its holdings in Huaneng Power International by 17.9% in the 1st quarter. Morgan Stanley now owns 63,246 shares of the utilities provider’s stock valued at $1,684,000 after purchasing an additional 9,605 shares in the last quarter. Aperio Group LLC lifted its holdings in Huaneng Power International by 9.4% in the 2nd quarter. Aperio Group LLC now owns 58,094 shares of the utilities provider’s stock valued at $1,614,000 after purchasing an additional 4,988 shares in the last quarter. First Trust Advisors LP lifted its holdings in Huaneng Power International by 12.3% in the 2nd quarter. First Trust Advisors LP now owns 56,787 shares of the utilities provider’s stock valued at $1,578,000 after purchasing an additional 6,241 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Huaneng Power International by 45.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 55,673 shares of the utilities provider’s stock valued at $1,483,000 after purchasing an additional 17,323 shares in the last quarter. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

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Huaneng Power International (NYSE:HNP) traded up 0.27% during trading on Tuesday, hitting $26.05. 37,436 shares of the stock traded hands. The stock has a market cap of $9.90 billion, a P/E ratio of 36.18 and a beta of 0.75. The stock has a 50 day moving average price of $26.43 and a 200-day moving average price of $27.86. Huaneng Power International has a 52-week low of $23.70 and a 52-week high of $31.85.

The business also recently declared a None dividend, which was paid on Friday, September 8th. Investors of record on Thursday, June 22nd were paid a $1.494 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. Huaneng Power International’s dividend payout ratio is currently 171.26%.

About Huaneng Power International

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