Huaneng Power International (NYSE:HNP) – Analysts at Jefferies Group issued their FY2022 earnings estimates for shares of Huaneng Power International in a research note issued on Wednesday, March 14th, Zacks Investment Research reports. Jefferies Group analyst E. Lee forecasts that the utilities provider will post earnings of $3.79 per share for the year.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Huaneng Power International from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, January 10th. ValuEngine lowered Huaneng Power International from a “buy” rating to a “hold” rating in a research report on Saturday, March 17th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Huaneng Power International has a consensus rating of “Hold” and a consensus target price of $30.00.
Shares of HNP opened at $25.62 on Thursday. Huaneng Power International has a 12 month low of $23.64 and a 12 month high of $31.85. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.26 and a current ratio of 0.31. The stock has a market cap of $9,925.86, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.10 and a beta of 0.62.
Hedge funds have recently bought and sold shares of the company. First Allied Advisory Services Inc. bought a new position in shares of Huaneng Power International in the 3rd quarter worth about $558,000. Investors Research Corp bought a new position in shares of Huaneng Power International in the 4th quarter worth about $684,000. Bank of Montreal Can raised its position in shares of Huaneng Power International by 25.4% in the 4th quarter. Bank of Montreal Can now owns 51,705 shares of the utilities provider’s stock worth $1,293,000 after acquiring an additional 10,482 shares in the last quarter. Wells Fargo & Company MN increased its position in Huaneng Power International by 92.5% in the 3rd quarter. Wells Fargo & Company MN now owns 29,438 shares of the utilities provider’s stock valued at $719,000 after buying an additional 14,149 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Huaneng Power International in the 3rd quarter valued at about $2,799,000. 0.42% of the stock is owned by hedge funds and other institutional investors.
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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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