Huaneng Power International Inc. (HNP) Trading Up 3.6%
Huaneng Power International Inc. (NYSE:HNP) was up 3.6% during trading on Thursday . The stock traded as high as $25.00 and last traded at $24.86, with a volume of 83,944 shares changing hands. The stock had previously closed at $23.99.
Several equities research analysts have commented on HNP shares. Morgan Stanley lowered shares of Huaneng Power International from an “overweight” rating to an “equal weight” rating in a report on Monday. Zacks Investment Research raised shares of Huaneng Power International from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Macquarie lowered shares of Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Citigroup Inc. lowered shares of Huaneng Power International from a “buy” rating to a “sell” rating in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. lowered shares of Huaneng Power International from an “overweight” rating to an “underweight” rating in a report on Monday, April 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.00.
The stock has a market cap of $9.44 billion and a price-to-earnings ratio of 4.82. The stock has a 50 day moving average of $25.16 and a 200-day moving average of $29.91.
The company also recently announced a dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 29th were issued a $2.564 dividend. The ex-dividend date of this dividend was Monday, June 27th.
An institutional investor recently raised its position in Huaneng Power International stock. Dimensional Fund Advisors LP boosted its stake in shares of Huaneng Power International Inc. (NYSE:HNP) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,942 shares of the company’s stock after buying an additional 921 shares during the period. Dimensional Fund Advisors LP’s holdings in Huaneng Power International were worth $5,588,000 as of its most recent SEC filing.
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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