Parametric Portfolio Associates LLC increased its stake in Huaneng Power International, Inc. (NYSE:HNP) by 45.2% during the first quarter, Holdings Channel reports. The firm owned 55,673 shares of the utilities provider’s stock after buying an additional 17,323 shares during the period. Parametric Portfolio Associates LLC’s holdings in Huaneng Power International were worth $1,483,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HNP. Profund Advisors LLC bought a new position in Huaneng Power International during the first quarter valued at approximately $206,000. First Trust Advisors LP increased its position in Huaneng Power International by 36.2% in the first quarter. First Trust Advisors LP now owns 50,546 shares of the utilities provider’s stock valued at $1,346,000 after buying an additional 13,447 shares during the period. Karp Capital Management Corp bought a new position in Huaneng Power International during the first quarter valued at approximately $1,414,000. Ameriprise Financial Inc. bought a new position in Huaneng Power International during the first quarter valued at approximately $240,000. Finally, HPM Partners LLC bought a new position in Huaneng Power International during the first quarter valued at approximately $239,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Huaneng Power International, Inc. (NYSE:HNP) opened at 28.30 on Tuesday. The stock has a market cap of $11.53 billion, a P/E ratio of 16.85 and a beta of 0.72. The company’s 50-day moving average is $29.78 and its 200-day moving average is $27.57. Huaneng Power International, Inc. has a 1-year low of $22.84 and a 1-year high of $31.85.

The firm also recently announced a dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 22nd were paid a dividend of $1.494 per share. The ex-dividend date of this dividend was Tuesday, June 20th. Huaneng Power International’s dividend payout ratio (DPR) is presently 80.11%.

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Several equities analysts have recently commented on HNP shares. BidaskClub downgraded shares of Huaneng Power International from a “hold” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research downgraded shares of Huaneng Power International from a “hold” rating to a “strong sell” rating in a report on Monday, April 10th. TheStreet downgraded shares of Huaneng Power International from a “c” rating to a “d+” rating in a report on Tuesday, May 16th. Citigroup Inc. raised shares of Huaneng Power International from a “sell” rating to a “buy” rating in a report on Friday, May 26th. Finally, Macquarie raised shares of Huaneng Power International from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Huaneng Power International currently has an average rating of “Hold” and an average price target of $33.00.

Huaneng Power International Company Profile

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Institutional Ownership by Quarter for Huaneng Power International (NYSE:HNP)

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