First Allied Advisory Services Inc. Buys New Holdings in Huaneng Power International Inc (HNP)

First Allied Advisory Services Inc. bought a new position in Huaneng Power International Inc (NYSE:HNP) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,935 shares of the utilities provider’s stock, valued at approximately $558,000.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in 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 worth $238,000 after acquiring an additional 109 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Huaneng Power International by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 9,133 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 124 shares during the last quarter. State Street Corp increased its stake in Huaneng Power International by 2.2% during the second quarter. State Street Corp now owns 14,577 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 307 shares during the last quarter. Northern Trust Corp increased its stake in Huaneng Power International by 8.8% during 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 during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Huaneng Power International by 13.2% during the second quarter. Wells Fargo & Company MN now owns 15,289 shares of the utilities provider’s stock worth $425,000 after acquiring an additional 1,786 shares during the last quarter. 0.55% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on HNP. CLSA raised Huaneng Power International from a “sell” rating to an “outperform” rating in a research note on Monday, November 6th. Daiwa Capital Markets cut Huaneng Power International from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Huaneng Power International in a research note on Tuesday, November 7th. ValuEngine cut Huaneng Power International from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research raised Huaneng Power International from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.00.

Huaneng Power International Inc (HNP) traded down $0.26 on Wednesday, hitting $24.79. The stock had a trading volume of 75,700 shares, compared to its average volume of 72,697. The company has a market capitalization of $9,519.25, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. Huaneng Power International Inc has a 1 year low of $24.40 and a 1 year high of $31.85. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.29 and a current ratio of 0.33.

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Huaneng Power International Profile

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

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