Huaneng Power International Inc ADR Class N (NYSE:HNP) Stock Rating Lowered by Zacks Investment Research

Huaneng Power International Inc ADR Class N (NYSE:HNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

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. “

HNP has been the topic of several other research reports. JPMorgan Chase & Co. lowered Huaneng Power International Inc ADR Class N from an “overweight” rating to a “neutral” rating in a research note on Friday, November 29th. ValuEngine upgraded Huaneng Power International Inc ADR Class N from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, UBS Group upgraded Huaneng Power International Inc ADR Class N from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 8th.

Shares of Huaneng Power International Inc ADR Class N stock traded down $0.10 during trading on Wednesday, hitting $20.51. 9,279 shares of the stock traded hands, compared to its average volume of 21,702. The firm has a market cap of $7.48 billion, a P/E ratio of 128.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.55. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 1.33. Huaneng Power International Inc ADR Class N has a 52-week low of $17.91 and a 52-week high of $26.76. The stock’s fifty day simple moving average is $19.12 and its 200 day simple moving average is $21.77.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last announced its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.40 EPS for the quarter. Huaneng Power International Inc ADR Class N had a return on equity of 3.36% and a net margin of 2.40%. The firm had revenue of $5.83 billion for the quarter. As a group, equities analysts expect that Huaneng Power International Inc ADR Class N will post 1.68 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in Huaneng Power International Inc ADR Class N in the second quarter valued at about $25,000. Wells Fargo & Company MN grew its stake in Huaneng Power International Inc ADR Class N by 259.2% in the second quarter. Wells Fargo & Company MN now owns 5,988 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 4,321 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Huaneng Power International Inc ADR Class N by 251.9% in the third quarter. Quadrant Capital Group LLC now owns 10,479 shares of the utilities provider’s stock valued at $199,000 after purchasing an additional 7,501 shares during the last quarter. Citadel Advisors LLC grew its stake in Huaneng Power International Inc ADR Class N by 178.7% in the second quarter. Citadel Advisors LLC now owns 11,182 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 25,382 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Huaneng Power International Inc ADR Class N in the second quarter valued at about $158,000. Institutional investors own 0.22% of the company’s stock.

About Huaneng Power International Inc ADR Class N

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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