ValuEngine upgraded shares of Huaneng Power International, Inc. (NYSE:HNP) from a hold rating to a buy rating in a research note released on Monday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Huaneng Power International from a buy rating to a hold rating in a research note on Tuesday, July 4th. BidaskClub cut shares of Huaneng Power International from a hold rating to a sell rating in a report on Friday, June 30th. Finally, HSBC Holdings plc raised shares of Huaneng Power International from a reduce rating to a hold rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Huaneng Power International currently has an average rating of Hold and an average price target of $33.00.

Huaneng Power International (HNP) opened at 24.87 on Monday. Huaneng Power International has a 52-week low of $23.70 and a 52-week high of $31.85. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 34.54 and a beta of 0.72. The company’s 50 day moving average is $25.54 and its 200-day moving average is $27.57.

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The firm also recently declared a None dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, June 22nd were paid a $1.494 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. Huaneng Power International’s dividend payout ratio is currently 171.26%.

Institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC bought a new stake in Huaneng Power International in the 1st quarter worth about $206,000. First Trust Advisors LP raised its position in Huaneng Power International by 36.2% in the 1st quarter. First Trust Advisors LP now owns 50,546 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 13,447 shares during the last quarter. Karp Capital Management Corp purchased a new position in Huaneng Power International in the 1st quarter worth about $1,414,000. Ameriprise Financial Inc. purchased a new position in Huaneng Power International in the 1st quarter worth about $240,000. Finally, Parametric Portfolio Associates LLC raised its position in Huaneng Power International by 45.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 55,673 shares of the utilities provider’s stock worth $1,483,000 after buying an additional 17,323 shares during the last quarter. 0.58% of the stock is currently owned by institutional investors.

About Huaneng Power International

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