Shares of Huaneng Power International Inc. (NYSE:HNP) reached a new 52-week low on Tuesday . The company traded as low as $24.18 and last traded at $24.20, with a volume of 79,674 shares. The stock had previously closed at $25.19.

Several brokerages have commented on HNP. Macquarie lowered shares of Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Zacks Investment Research lowered shares of Huaneng Power International from a “hold” rating to a “strong sell” rating in a report on Friday, April 29th. Citigroup Inc. lowered shares of Huaneng Power International from a “buy” rating to a “sell” rating in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. lowered shares of Huaneng Power International from an “overweight” rating to an “underweight” rating in a report on Monday, April 11th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.00.

The firm has a market capitalization of $9.11 billion and a price-to-earnings ratio of 4.61. The firm’s 50-day moving average price is $26.58 and its 200 day moving average price is $31.06.

The firm also recently announced a dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 29th were issued a $2.564 dividend. The ex-dividend date was Monday, June 27th.

A hedge fund recently raised its stake in Huaneng Power International stock. First Trust Advisors LP raised its position in Huaneng Power International Inc. (NYSE:HNP) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,071 shares of the company’s stock after buying an additional 9,419 shares during the period. First Trust Advisors LP’s holdings in Huaneng Power International were worth $1,546,000 as of its most recent filing with the SEC.

Huaneng Power International, Inc (Huaneng Power) is an independent power producer. The principal activities of the Company are investment, construction, operation and management of power plants. The Company is engaged in developing, constructing, operating and managing power plants throughout China. The Company’s segments include PRC power segment, Singapore segment and all other segments (mainly including port and transportation operations).

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