Shares of Huaneng Power International Inc. (NYSE:HNP) saw unusually-high trading volume on Friday . Approximately 177,611 shares traded hands 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 a number of recent research reports. Zacks Investment Research raised Huaneng Power International from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Macquarie lowered Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Citigroup Inc. lowered Huaneng Power International from a “buy” rating to a “sell” rating in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. lowered Huaneng Power International from an “overweight” rating to an “underweight” rating in a report on Monday, April 11th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Huaneng Power International currently has an average rating of “Hold” and an average target price of $36.00.

The stock’s 50-day moving average is $26.41 and its 200-day moving average is $30.92. The firm has a market capitalization of $8.84 billion and a P/E ratio of 4.51.

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

A number of hedge funds recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of 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. Morgan Stanley raised its stake in shares of 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, Dimensional Fund Advisors LP raised its stake in shares of 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.

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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.