Shares of Huaneng Power International, Inc. (NYSE:HNP) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company.

A number of research analysts have weighed in on HNP shares. ValuEngine cut shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Huaneng Power International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. BidaskClub cut shares of Huaneng Power International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, HSBC Holdings plc upgraded shares of Huaneng Power International from a “reduce” rating to a “hold” rating in a research note on Wednesday, June 14th.

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A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Huaneng Power International by 1.2% during the 1st quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 109 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Huaneng Power International by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,133 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 124 shares in the last quarter. State Street Corp increased its stake in Huaneng Power International by 2.2% during the 2nd quarter. State Street Corp now owns 14,577 shares of the utilities provider’s stock valued at $405,000 after purchasing an additional 307 shares in the last quarter. Northern Trust Corp increased its stake in Huaneng Power International by 8.8% during the 2nd quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 710 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Huaneng Power International by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 15,289 shares of the utilities provider’s stock valued at $425,000 after purchasing an additional 1,786 shares in the last quarter. Institutional investors and hedge funds own 0.58% of the company’s stock.

Shares of Huaneng Power International (NYSE HNP) traded down 0.25% during midday trading on Friday, reaching $24.42. 231,985 shares of the company’s stock traded hands. Huaneng Power International has a 12 month low of $23.70 and a 12 month high of $31.85. The stock has a 50-day moving average price of $25.94 and a 200 day moving average price of $27.77. The firm has a market cap of $9.28 billion, a PE ratio of 33.92 and a beta of 0.75.

The company also recently disclosed a None dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, June 22nd were paid a dividend of $1.494 per share. The ex-dividend date was Tuesday, June 20th. Huaneng Power International’s dividend payout ratio is currently 171.26%.

About Huaneng Power International

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