Shares of Huaneng Power International, Inc. (NYSE:HNP) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company.
A number of analysts have recently issued reports on HNP shares. Zacks Investment Research downgraded Huaneng Power International from a “hold” rating to a “strong sell” rating in a research report on Monday, April 10th. TheStreet downgraded Huaneng Power International from a “c” rating to a “d+” rating in a research report on Tuesday, May 16th. Macquarie upgraded Huaneng Power International from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 23rd. Citigroup Inc. upgraded Huaneng Power International from a “sell” rating to a “buy” rating in a research report on Friday, May 26th. Finally, ValuEngine downgraded Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd.
A number of hedge funds have recently added to or reduced their stakes in HNP. Profund Advisors LLC purchased a new stake in Huaneng Power International during the first quarter worth $206,000. First Trust Advisors LP increased its stake in Huaneng Power International by 36.2% in the first quarter. First Trust Advisors LP now owns 50,546 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 13,447 shares during the last quarter. HPM Partners LLC purchased a new stake in Huaneng Power International during the first quarter worth $239,000. Karp Capital Management Corp purchased a new stake in Huaneng Power International during the first quarter worth $1,414,000. Finally, Ameriprise Financial Inc. purchased a new stake in Huaneng Power International during the first quarter worth $240,000. Institutional investors own 0.62% of the company’s stock.
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Huaneng Power International (NYSE HNP) traded down 0.77% on Monday, hitting $28.23. 47,479 shares of the stock were exchanged. The firm has a market cap of $3.32 billion, a PE ratio of 16.41 and a beta of 0.72. Huaneng Power International has a 52-week low of $23.46 and a 52-week high of $31.85. The company has a 50-day moving average price of $28.40 and a 200-day moving average price of $27.98.
Huaneng Power International Company Profile
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