First Trust Advisors LP raised its holdings in Huaneng Power International, Inc. (NYSE:HNP) by 16.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,411 shares of the utilities provider’s stock after purchasing an additional 9,624 shares during the quarter. First Trust Advisors LP owned 0.06% of Huaneng Power International worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Huaneng Power International during the 2nd quarter worth approximately $102,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Huaneng Power International during the 2nd quarter worth approximately $1,469,000. State Street Corp boosted its stake in shares of Huaneng Power International by 2.2% during the 2nd quarter. State Street Corp now owns 14,577 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 307 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Huaneng Power International by 18.0% during the 2nd quarter. Stifel Financial Corp now owns 13,388 shares of the utilities provider’s stock worth $373,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Huaneng Power International by 8.8% during the 2nd quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 710 shares in the last quarter. 0.55% of the stock is currently owned by institutional investors.

Shares of Huaneng Power International, Inc. (HNP) traded down $0.48 during trading on Thursday, hitting $25.55. The company had a trading volume of 76,100 shares, compared to its average volume of 73,127. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.33 and a quick ratio of 0.29. Huaneng Power International, Inc. has a 1 year low of $24.40 and a 1 year high of $31.85. The firm has a market cap of $9,891.66, a P/E ratio of 37.72, a P/E/G ratio of 2.29 and a beta of 0.79.

Several equities research analysts have recently commented on HNP shares. J P Morgan Chase & Co reissued an “overweight” rating on shares of Huaneng Power International in a research note on Tuesday, November 7th. CLSA upgraded Huaneng Power International from a “sell” rating to an “outperform” rating in a research report on Monday, November 6th. Zacks Investment Research upgraded Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, October 27th. ValuEngine upgraded Huaneng Power International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Daiwa Capital Markets downgraded Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.00.

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Huaneng Power International Profile

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

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