Zacks Investment Research Lowers Huaneng Power International (HNP) to Hold

Zacks Investment Research cut shares of Huaneng Power International (NYSE:HNP) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “

Other equities analysts have also issued reports about the stock. CLSA raised shares of Huaneng Power International from a sell rating to an outperform rating in a report on Monday, November 6th. Daiwa Capital Markets lowered shares of Huaneng Power International from a hold rating to a sell rating in a report on Monday, November 27th. JPMorgan Chase & Co. reissued an overweight rating on shares of Huaneng Power International in a report on Tuesday, November 7th. Finally, ValuEngine lowered shares of Huaneng Power International from a buy rating to a hold rating in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Huaneng Power International currently has a consensus rating of Hold and a consensus target price of $29.00.

Huaneng Power International (NYSE:HNP) opened at $26.38 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.29. Huaneng Power International has a 1-year low of $24.40 and a 1-year high of $31.85. The company has a market cap of $10,024.66, a PE ratio of 38.23, a price-to-earnings-growth ratio of 0.56 and a beta of 0.79.

Huaneng Power International (NYSE:HNP) last released its earnings results on Wednesday, October 25th. The utilities provider reported $1.02 EPS for the quarter. Huaneng Power International had a net margin of 1.22% and a return on equity of 1.72%. equities research analysts predict that Huaneng Power International will post 0.83 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. bought a new stake in shares of Huaneng Power International during the 3rd quarter valued at approximately $558,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Huaneng Power International during the 2nd quarter valued at approximately $1,469,000. First Trust Advisors LP grew its holdings in shares of Huaneng Power International by 12.3% during the 2nd quarter. First Trust Advisors LP now owns 56,787 shares of the utilities provider’s stock valued at $1,578,000 after purchasing an additional 6,241 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Huaneng Power International by 20.5% during the 3rd quarter. Alps Advisors Inc. now owns 36,389 shares of the utilities provider’s stock valued at $889,000 after purchasing an additional 6,200 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Huaneng Power International during the 3rd quarter valued at approximately $2,799,000. 0.55% of the stock is currently owned by institutional investors.

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