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 trading hands.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Huaneng Power International from an “overweight” rating to an “underweight” rating in a research note on Monday, April 11th. Citigroup Inc. downgraded 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 downgraded 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 given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $36.00.

The firm has a market capitalization of $9.05 billion and a price-to-earnings ratio of 4.62. The firm has a 50 day moving average of $25.59 and a 200 day moving average of $30.20.

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

A number of large investors have recently added to or reduced their stakes in HNP. 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 during the period. 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 during the period. Finally, 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 during the period.

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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