Alps Advisors Inc. Has $889,000 Position in Huaneng Power International, Inc. (HNP)

Alps Advisors Inc. increased its position in Huaneng Power International, Inc. (NYSE:HNP) by 20.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,389 shares of the utilities provider’s stock after buying an additional 6,200 shares during the quarter. Alps Advisors Inc.’s holdings in Huaneng Power International were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of 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 worth $238,000 after buying an additional 109 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Huaneng Power International by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 9,133 shares of the utilities provider’s stock worth $263,000 after buying an additional 124 shares during the period. State Street Corp increased its stake in shares of Huaneng Power International by 2.2% in the second quarter. State Street Corp now owns 14,577 shares of the utilities provider’s stock worth $405,000 after buying an additional 307 shares during the period. Northern Trust Corp increased its stake in shares of Huaneng Power International by 8.8% in the second quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock worth $244,000 after buying an additional 710 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Huaneng Power International by 13.2% in the second quarter. Wells Fargo & Company MN now owns 15,289 shares of the utilities provider’s stock worth $425,000 after buying an additional 1,786 shares during the period. 0.58% of the stock is currently owned by institutional investors.

Huaneng Power International, Inc. (HNP) opened at $27.97 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29. The stock has a market cap of $13,900.00, a price-to-earnings ratio of 40.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.78. Huaneng Power International, Inc. has a 1 year low of $23.70 and a 1 year high of $31.85.

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Several brokerages recently commented on HNP. BidaskClub downgraded shares of Huaneng Power International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. ValuEngine raised shares of Huaneng Power International from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, October 27th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Huaneng Power International in a research note on Tuesday, November 7th. Finally, CLSA raised shares of Huaneng Power International from a “sell” rating to an “outperform” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.00.

Huaneng Power International Profile

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

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