Huaneng Power International Inc. (NYSE:HNP) shares were up 4.2% during mid-day trading on Wednesday . The stock traded as high as $23.98 and last traded at $23.81, with a volume of 92,404 shares. The stock had previously closed at $22.86.

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

The firm has a 50-day moving average of $25.86 and a 200 day moving average of $30.36. The company has a market cap of $9.06 billion and a P/E ratio of 4.63.

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

Other hedge funds and institutional investors recently made changes to their positions in the company. Morgan Stanley increased its position 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 during the last quarter. First Trust Advisors LP increased its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 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).

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