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

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

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

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

Other large investors have recently bought and sold shares of the company. 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. Morgan Stanley increased its stake 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 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 Company and its subsidiaries are engaged in the generation and sale of electric power to the respective regional or provincial grid companies in the People’s Republic of China (PRC) and in the Republic of Singapore (Singapore).

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