Huaneng Power International Inc. (NYSE:HNP) hit a new 52-week low on Monday . The stock traded as low as $23.13 and last traded at $23.28, with a volume of 65,976 shares traded. The stock had previously closed at $23.85.

Several brokerages have recently weighed in on HNP. JPMorgan Chase & Co. cut shares of Huaneng Power International from an “overweight” rating to an “underweight” rating in a research report on Monday, April 11th. Citigroup Inc. lowered shares of Huaneng Power International from a “buy” rating to a “sell” rating in a research note on Monday, April 18th. Zacks Investment Research upgraded shares of Huaneng Power International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Finally, Macquarie lowered shares of Huaneng Power International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 31st. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $36.00.

The stock has a market capitalization of $8.68 billion and a PE ratio of 4.43. The company has a 50-day moving average of $25.86 and a 200-day moving average of $30.36.

The business also recently declared a dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 29th were given a dividend of $2.564 per share. The ex-dividend date of this dividend was Monday, June 27th.

Several large investors recently made changes to their positions in the stock. First Trust Advisors LP boosted 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 worth $1,546,000 after buying an additional 9,419 shares in the last quarter. Morgan Stanley boosted 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 worth $1,928,000 after buying an additional 22,431 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 worth $5,588,000 after buying an additional 921 shares in the last quarter.

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.