Huaneng Power International, Inc. (HNP) Receives Average Rating of “Hold” from Analysts

Shares of Huaneng Power International, Inc. (NYSE:HNP) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.00.

Several research analysts recently issued reports on the stock. ValuEngine lowered shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Thursday, June 1st. Citigroup Inc. raised shares of Huaneng Power International from a “sell” rating to a “buy” rating in a research report on Friday, May 26th. Macquarie raised shares of Huaneng Power International from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 23rd. Finally, HSBC Holdings plc raised shares of Huaneng Power International from a “reduce” rating to a “hold” rating in a research report on Wednesday, June 14th.

Shares of Huaneng Power International (HNP) traded down 1.66% during trading on Tuesday, reaching $27.66. The company’s stock had a trading volume of 52,835 shares. Huaneng Power International has a 1-year low of $22.84 and a 1-year high of $31.85. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 16.46 and a beta of 0.81. The company’s 50-day moving average price is $29.60 and its 200 day moving average price is $27.43.

The business also recently declared a dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 22nd will be paid a dividend of $1.494 per share. The ex-dividend date of this dividend is Tuesday, June 20th. Huaneng Power International’s dividend payout ratio (DPR) is currently 138.71%.

Several hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC bought a new stake in Huaneng Power International during the first quarter valued at approximately $206,000. Bank of America Corp DE boosted its stake in Huaneng Power International by 1.2% in the first quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock valued at $238,000 after buying an additional 109 shares during the period. HPM Partners LLC bought a new stake in Huaneng Power International during the first quarter valued at approximately $239,000. Ameriprise Financial Inc. bought a new stake in Huaneng Power International during the first quarter valued at approximately $240,000. Finally, Stifel Financial Corp bought a new stake in Huaneng Power International during the first quarter valued at approximately $291,000. 0.60% of the stock is currently owned by institutional investors and hedge funds.

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Huaneng Power International Company Profile

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