Huaneng Power International Inc. (NYSE:HNP)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $23.81, but opened at $23.88. Huaneng Power International shares last traded at $24.06, with a volume of 52,265 shares.

A number of research firms have issued reports on HNP. Zacks Investment Research downgraded Huaneng Power International from a “hold” rating to a “strong sell” rating in a report on Monday, July 11th. Macquarie downgraded Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Citigroup Inc. downgraded Huaneng Power International from a “buy” rating to a “sell” rating in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. cut Huaneng Power International from an “overweight” rating to an “underweight” rating in a research note on Monday, April 11th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Huaneng Power International currently has an average rating of “Hold” and an average price target of $36.00.

The company has a market cap of $9.11 billion and a PE ratio of 4.65. The company has a 50 day moving average price of $25.67 and a 200-day moving average price of $30.26.

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

A number of institutional investors have bought and sold shares of HNP. First Trust Advisors LP boosted 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 worth $1,546,000 after buying an additional 9,419 shares during the last quarter. Morgan Stanley boosted 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 worth $1,928,000 after buying an additional 22,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 worth $5,588,000 after buying an additional 921 shares during 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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