Huaneng Power International (HNP) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Huaneng Power International (NYSE:HNP) from a hold rating to a sell rating in a research note released on Tuesday.

Several other brokerages have also recently weighed in on HNP. Zacks Investment Research upgraded shares of Huaneng Power International from a strong sell rating to a hold rating in a research report on Tuesday, August 7th. Credit Suisse Group upgraded shares of Huaneng Power International from a neutral rating to an outperform rating in a research report on Thursday, September 13th. Finally, JPMorgan Chase & Co. cut shares of Huaneng Power International from an overweight rating to a neutral rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $30.00.

Shares of HNP opened at $23.11 on Tuesday. Huaneng Power International has a fifty-two week low of $23.05 and a fifty-two week high of $31.03. The firm has a market capitalization of $8.95 billion, a P/E ratio of 57.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62. The company has a current ratio of 0.40, a quick ratio of 0.33 and a debt-to-equity ratio of 1.28.

Huaneng Power International (NYSE:HNP) last announced its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.19 earnings per share for the quarter. Huaneng Power International had a net margin of 1.54% and a return on equity of 2.51%. The company had revenue of $6.14 billion for the quarter. As a group, analysts anticipate that Huaneng Power International will post 1.38 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of HNP. Guggenheim Capital LLC boosted its stake in Huaneng Power International by 14.9% during the first quarter. Guggenheim Capital LLC now owns 171,167 shares of the utilities provider’s stock worth $4,596,000 after buying an additional 22,257 shares during the period. Banco de Sabadell S.A purchased a new position in Huaneng Power International during the first quarter worth $504,000. Millennium Management LLC boosted its stake in Huaneng Power International by 271.7% during the first quarter. Millennium Management LLC now owns 38,557 shares of the utilities provider’s stock worth $1,035,000 after buying an additional 28,183 shares during the period. Bank of Montreal Can purchased a new position in Huaneng Power International during the second quarter worth $1,262,000. Finally, Aperio Group LLC boosted its stake in Huaneng Power International by 20.4% during the second quarter. Aperio Group LLC now owns 57,127 shares of the utilities provider’s stock worth $1,500,000 after buying an additional 9,681 shares during the period. 0.81% of the stock is owned by institutional investors.

About Huaneng Power International

Huaneng Power International, Inc, through its subsidiaries, 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, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

See Also: Earnings Reports

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