Huaneng Power International (HNP) Sets New 12-Month High at $31.03

Huaneng Power International Inc (NYSE:HNP)’s share price reached a new 52-week high on Monday . The stock traded as high as $31.03 and last traded at $30.75, with a volume of 1576 shares changing hands. The stock had previously closed at $30.90.

Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Zacks Investment Research upgraded shares of Huaneng Power International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Daiwa Capital Markets upgraded shares of Huaneng Power International from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Huaneng Power International has an average rating of “Hold” and a consensus target price of $30.00.

The firm has a market capitalization of $11.53 billion, a P/E ratio of 75.83, a PEG ratio of 1.70 and a beta of 0.71. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 1.38.

Several institutional investors and hedge funds have recently made changes to their positions in HNP. Jane Street Group LLC boosted its holdings in shares of Huaneng Power International by 421.1% in the first quarter. Jane Street Group LLC now owns 140,944 shares of the utilities provider’s stock worth $3,785,000 after buying an additional 113,899 shares during the period. Bank of Montreal Can acquired a new position in shares of Huaneng Power International in the second quarter worth about $1,262,000. Millennium Management LLC boosted its holdings in shares of Huaneng Power International by 271.7% in the first quarter. Millennium Management LLC now owns 38,557 shares of the utilities provider’s stock worth $1,035,000 after buying an additional 28,183 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Huaneng Power International by 14.9% in the first quarter. Guggenheim Capital LLC now owns 171,167 shares of the utilities provider’s stock worth $4,596,000 after buying an additional 22,257 shares during the period. Finally, Banco de Sabadell S.A acquired a new position in shares of Huaneng Power International in the first quarter worth about $504,000. Institutional investors own 0.54% of the company’s stock.

Huaneng Power International Company Profile

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

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