Huaneng Power International Inc. (NYSE:HNP) saw unusually-high trading volume on Friday . Approximately 177,611 shares were traded during trading, an increase of 38% from the previous session’s volume of 128,601 shares.The stock last traded at $23.16 and had previously closed at $23.38.

HNP has been the subject of several recent analyst reports. Zacks Investment Research raised Huaneng Power International from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. JPMorgan Chase & Co. lowered Huaneng Power International from an “overweight” rating to an “underweight” rating in a research note on Monday, April 11th. Citigroup Inc. lowered Huaneng Power International from a “buy” rating to a “sell” rating in a research note on Monday, April 18th. Finally, Macquarie lowered Huaneng Power International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.00.

The stock has a 50 day moving average of $26.50 and a 200 day moving average of $31.00. The stock has a market capitalization of $8.84 billion and a price-to-earnings ratio of 4.48.

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

Several hedge funds and institutional investors recently bought and sold shares of HNP. Dimensional Fund Advisors LP increased its position in Huaneng Power International by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 162,942 shares of the company’s stock valued at $5,588,000 after buying an additional 921 shares during the period. Morgan Stanley increased its position in Huaneng Power International by 66.4% in the fourth quarter. Morgan Stanley now owns 56,200 shares of the company’s stock valued at $1,928,000 after buying an additional 22,431 shares during the period. Finally, First Trust Advisors LP increased its position in Huaneng Power International by 26.4% in the fourth quarter. First Trust Advisors LP now owns 45,071 shares of the company’s stock valued at $1,546,000 after buying an additional 9,419 shares during the period.

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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