Huaneng Power International, Inc. (HNP) Receives Average Rating of “Hold” from Brokerages

Huaneng Power International, Inc. (NYSE:HNP) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company.

A number of analysts have weighed in on HNP shares. BidaskClub lowered shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research lowered shares of Huaneng Power International from a “hold” rating to a “strong sell” rating in a research report on Monday, April 10th. TheStreet lowered shares of Huaneng Power International from a “c” rating to a “d+” rating in a research report on Tuesday, May 16th. Citigroup Inc. upgraded shares of Huaneng Power International from a “sell” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Macquarie upgraded shares of Huaneng Power International from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 23rd.

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Huaneng Power International (NYSE HNP) traded down 1.218% on Monday, reaching $28.212. 85,365 shares of the company traded hands. The stock has a 50-day moving average of $29.78 and a 200 day moving average of $27.57. Huaneng Power International has a 52-week low of $22.85 and a 52-week high of $31.85. The company has a market capitalization of $11.50 billion, a PE ratio of 16.793 and a beta of 0.72.

The business also recently announced a dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 22nd were given a $1.494 dividend. The ex-dividend date was Tuesday, June 20th. Huaneng Power International’s dividend payout ratio is currently 80.11%.

Institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC acquired a new position in Huaneng Power International during the first quarter valued at about $206,000. Bank of America Corp DE increased its position in Huaneng Power International by 1.2% in the first quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock valued at $238,000 after buying an additional 109 shares during the last quarter. HPM Partners LLC acquired a new position in Huaneng Power International during the first quarter valued at about $239,000. Ameriprise Financial Inc. acquired a new position in Huaneng Power International during the first quarter valued at about $240,000. Finally, Stifel Financial Corp acquired a new position in Huaneng Power International during the first quarter valued at about $291,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Huaneng Power International Company Profile

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

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