Parametric Portfolio Associates LLC Reduces Position in Huaneng Power International, Inc. (HNP)

Parametric Portfolio Associates LLC cut its position in shares of Huaneng Power International, Inc. (NYSE:HNP) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,306 shares of the utilities provider’s stock after selling 6,367 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Huaneng Power International were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Huaneng Power International by 1.2% during the first quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 109 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Huaneng Power International in the first quarter worth $240,000. Northern Trust Corp boosted its holdings in Huaneng Power International by 8.8% in the second 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. Sheaff Brock Investment Advisors LLC bought a new stake in Huaneng Power International in the second quarter worth $250,000. Finally, Profund Advisors LLC boosted its holdings in Huaneng Power International by 26.1% in the second quarter. Profund Advisors LLC now owns 9,752 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 2,017 shares in the last quarter. Institutional investors own 0.58% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Parametric Portfolio Associates LLC Reduces Position in Huaneng Power International, Inc. (HNP)” was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/11/15/parametric-portfolio-associates-llc-reduces-position-in-huaneng-power-international-inc-hnp.html.

Several equities research analysts have commented on HNP shares. ValuEngine downgraded Huaneng Power International from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. CLSA raised Huaneng Power International from a “sell” rating to an “outperform” rating in a report on Monday, November 6th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Huaneng Power International in a report on Tuesday, November 7th. Zacks Investment Research raised Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, October 27th. Finally, BidaskClub downgraded Huaneng Power International from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.00.

Shares of Huaneng Power International, Inc. (HNP) opened at $27.71 on Wednesday. The company has a market capitalization of $10,628.88, a price-to-earnings ratio of 40.54, a P/E/G ratio of 2.46 and a beta of 0.79. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29. Huaneng Power International, Inc. has a 1 year low of $23.70 and a 1 year high of $31.85.

Huaneng Power International Profile

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

Receive News & Ratings for Huaneng Power International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huaneng Power International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply