Huaneng Power International, Inc. (HNP) Upgraded to “Hold” at HSBC Holdings plc

HSBC Holdings plc upgraded shares of Huaneng Power International, Inc. (NYSE:HNP) from a reduce rating to a hold rating in a research report released on Wednesday morning.

Several other equities research analysts also recently commented on the company. TheStreet downgraded Huaneng Power International from a c rating to a d+ rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded Huaneng Power International from a hold rating to a strong sell rating in a report on Monday, April 10th. Citigroup Inc. upgraded Huaneng Power International from a sell rating to a buy rating in a report on Friday, May 26th. Macquarie upgraded Huaneng Power International from an underperform rating to a neutral rating in a report on Tuesday, May 23rd. Finally, ValuEngine downgraded Huaneng Power International from a strong-buy rating to a buy rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $33.00.

Huaneng Power International (HNP) opened at 28.1275 on Wednesday. Huaneng Power International has a 12 month low of $22.84 and a 12 month high of $31.85. The stock’s 50 day moving average price is $29.60 and its 200-day moving average price is $27.43. The firm has a market capitalization of $11.46 billion, a P/E ratio of 16.7426 and a beta of 0.81.

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The business also recently announced a dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 22nd will be issued a dividend of $1.494 per share. The ex-dividend date is Tuesday, June 20th. Huaneng Power International’s payout ratio is currently 138.71%.

Large investors have recently made changes to their positions in the stock. Credit Suisse AG increased its stake in shares of Huaneng Power International by 155.9% in the first quarter. Credit Suisse AG now owns 89,319 shares of the utilities provider’s stock valued at $2,379,000 after buying an additional 54,410 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Huaneng Power International during the first quarter valued at about $1,414,000. Parametric Portfolio Associates LLC increased its stake in Huaneng Power International by 45.2% in the first quarter. Parametric Portfolio Associates LLC now owns 55,673 shares of the utilities provider’s stock valued at $1,483,000 after buying an additional 17,323 shares in the last quarter. First Trust Advisors LP increased its stake in Huaneng Power International by 36.2% in the first quarter. First Trust Advisors LP now owns 50,546 shares of the utilities provider’s stock valued at $1,346,000 after buying an additional 13,447 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in Huaneng Power International during the first quarter valued at about $291,000. Institutional investors and hedge funds own 0.60% of the company’s stock.

About Huaneng Power International

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