Huaneng Power International Inc. (HNP) Trading Down 2.1%
Huaneng Power International Inc. (NYSE:HNP)’s share price fell 2.1% during mid-day trading on Thursday . The company traded as low as $25.36 and last traded at $25.43, with a volume of 59,155 shares changing hands. The stock had previously closed at $25.98.
A number of brokerages recently issued reports on HNP. Morgan Stanley lowered shares of Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 25th. Zacks Investment Research downgraded shares of Huaneng Power International from a “hold” rating to a “strong sell” rating in a report on Monday, July 11th. Finally, Macquarie downgraded shares of Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Huaneng Power International has a consensus rating of “Hold” and a consensus price target of $36.00.
The firm’s 50 day moving average price is $24.31 and its 200 day moving average price is $29.15. The firm has a market capitalization of $9.66 billion and a P/E ratio of 5.73.
A hedge fund recently raised its stake in Huaneng Power International stock. Dimensional Fund Advisors LP boosted its stake in Huaneng Power International Inc. (NYSE:HNP) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 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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