Huaneng Power International Inc (NYSE:HNP) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.
A number of equities analysts have commented on the company. ValuEngine upgraded Huaneng Power International from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded Huaneng Power International from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 30th. Credit Suisse Group raised Huaneng Power International from a “neutral” rating to an “outperform” rating in a report on Thursday, September 13th. Finally, JPMorgan Chase & Co. downgraded Huaneng Power International from an “overweight” rating to a “neutral” rating in a report on Thursday, August 9th.
Huaneng Power International stock traded down $0.25 during mid-day trading on Friday, reaching $22.87. 36,428 shares of the company were exchanged, compared to its average volume of 44,925. Huaneng Power International has a 12 month low of $20.51 and a 12 month high of $31.03. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.41 and a quick ratio of 0.34. The firm has a market cap of $8.83 billion, a PE ratio of 57.18, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77.
Several hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Huaneng Power International in the 2nd quarter valued at $205,000. Aperio Group LLC boosted its holdings in shares of Huaneng Power International by 20.4% in the 2nd quarter. Aperio Group LLC now owns 57,127 shares of the utilities provider’s stock valued at $1,500,000 after purchasing an additional 9,681 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Huaneng Power International in the 2nd quarter valued at $1,262,000. Millennium Management LLC boosted its holdings in shares of Huaneng Power International by 271.7% in the 1st quarter. Millennium Management LLC now owns 38,557 shares of the utilities provider’s stock valued at $1,035,000 after purchasing an additional 28,183 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Huaneng Power International by 14.9% in the 1st quarter. Guggenheim Capital LLC now owns 171,167 shares of the utilities provider’s stock valued at $4,596,000 after purchasing an additional 22,257 shares in the last quarter. 0.80% of the stock is currently owned by hedge funds and other institutional investors.
About Huaneng Power International
Huaneng Power International, Inc, through its subsidiaries, 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, investment, 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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