Huaneng Power International (NYSE:HNP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday.
According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “
Separately, Daiwa Capital Markets cut shares of Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.00.
Huaneng Power International (HNP) traded down $0.80 on Friday, hitting $25.76. 136,624 shares of the stock traded hands, compared to its average volume of 82,249. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.29 and a current ratio of 0.33. The firm has a market capitalization of $10,070.27, a PE ratio of 37.33, a PEG ratio of 1.36 and a beta of 0.73. Huaneng Power International has a 52 week low of $23.64 and a 52 week high of $31.85.
Large investors have recently bought and sold shares of the business. Northern Trust Corp grew its holdings in 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 purchasing an additional 710 shares during the period. Ameriprise Financial Inc. lifted 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 valued at $263,000 after buying an additional 124 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of Huaneng Power International in the third quarter valued at $224,000. State Street Corp lifted 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 valued at $405,000 after buying an additional 307 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Huaneng Power International in the fourth quarter valued at $412,000. Institutional investors and hedge funds own 0.42% of the company’s stock.
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About Huaneng Power International
Huaneng Power International, Inc, an independent power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.
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