First Trust Advisors LP Acquires 6,241 Shares of Huaneng Power International, Inc. (HNP)

First Trust Advisors LP lifted its holdings in shares of Huaneng Power International, Inc. (NYSE:HNP) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,787 shares of the utilities provider’s stock after acquiring an additional 6,241 shares during the quarter. First Trust Advisors LP’s holdings in Huaneng Power International were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of HNP. Profund Advisors LLC acquired a new position in shares of Huaneng Power International during the 1st quarter valued at $206,000. Karp Capital Management Corp acquired a new position in shares of Huaneng Power International during the 1st quarter valued at $1,414,000. Ameriprise Financial Inc. acquired a new position in shares of Huaneng Power International during the 1st quarter valued at $240,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Huaneng Power International by 45.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 55,673 shares of the utilities provider’s stock valued at $1,483,000 after acquiring an additional 17,323 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Huaneng Power International by 66.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,638 shares of the utilities provider’s stock valued at $338,000 after acquiring an additional 5,024 shares in the last quarter. Institutional investors and hedge funds own 0.58% of the company’s stock.

A number of equities analysts have commented on the stock. ValuEngine lowered shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. BidaskClub lowered shares of Huaneng Power International from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Huaneng Power International from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. HSBC Holdings plc upgraded shares of Huaneng Power International from a “reduce” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Citigroup Inc. upgraded shares of Huaneng Power International from a “sell” rating to a “buy” rating in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Huaneng Power International, Inc. (NYSE HNP) opened at 25.63 on Friday. The firm has a 50-day moving average of $26.09 and a 200-day moving average of $27.80. Huaneng Power International, Inc. has a one year low of $23.70 and a one year high of $31.85. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 35.60 and a beta of 0.75.

The company also recently announced 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 was Tuesday, June 20th. Huaneng Power International’s payout ratio is presently 171.26%.

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Huaneng Power International Company Profile

Institutional Ownership by Quarter for Huaneng Power International (NYSE:HNP)

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