Huaneng Power International Inc. (HNP) Shares Gap Up to $23.70
Huaneng Power International Inc. (NYSE:HNP)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $23.63, but opened at $23.70. Huaneng Power International shares last traded at $23.94, with a volume of 69,224 shares changing hands.
Several equities analysts recently commented on HNP shares. Morgan Stanley downgraded Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research note on Monday. Zacks Investment Research upgraded Huaneng Power International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Macquarie downgraded Huaneng Power International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 31st. Citigroup Inc. downgraded Huaneng Power International from a “buy” rating to a “sell” rating in a research note on Monday, April 18th. Finally, JPMorgan Chase & Co. downgraded Huaneng Power International from an “overweight” rating to an “underweight” rating in a research note on Monday, April 11th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.00.
The stock has a 50 day moving average of $25.26 and a 200-day moving average of $29.94. The company has a market cap of $9.11 billion and a PE ratio of 4.65.
The firm also recently announced a dividend, which was paid on Wednesday, June 29th. Shareholders 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.
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 disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting 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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