Huaneng Power International (HNP) Reaches New 12-Month Low at $23.03

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Shares of Huaneng Power International Inc (NYSE:HNP) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $23.03 and last traded at $23.05, with a volume of 766 shares trading hands. The stock had previously closed at $23.54.

Several analysts have recently issued reports on the stock. Credit Suisse Group raised shares of Huaneng Power International from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 13th. ValuEngine lowered shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered shares of Huaneng Power International from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Huaneng Power International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.00.

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.33 and a current ratio of 0.40. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 57.73, a P/E/G ratio of 1.29 and a beta of 0.62.

Huaneng Power International (NYSE:HNP) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.19 earnings per share for the quarter. The business had revenue of $6.14 billion for the quarter. Huaneng Power International had a net margin of 1.54% and a return on equity of 2.51%. Equities analysts predict that Huaneng Power International Inc will post 1.38 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC increased its holdings in Huaneng Power International by 14.9% during the 1st quarter. Guggenheim Capital LLC now owns 171,167 shares of the utilities provider’s stock worth $4,596,000 after acquiring an additional 22,257 shares during the period. Aperio Group LLC increased its holdings in Huaneng Power International by 20.4% during the 2nd quarter. Aperio Group LLC now owns 57,127 shares of the utilities provider’s stock worth $1,500,000 after acquiring an additional 9,681 shares during the period. Bank of Montreal Can bought a new stake in Huaneng Power International during the 2nd quarter worth approximately $1,262,000. Millennium Management LLC increased its holdings in Huaneng Power International by 271.7% during the 1st quarter. Millennium Management LLC now owns 38,557 shares of the utilities provider’s stock worth $1,035,000 after acquiring an additional 28,183 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Huaneng Power International during the 2nd quarter worth approximately $205,000. 0.81% of the stock is currently owned by institutional investors and hedge funds.

About Huaneng Power International (NYSE:HNP)

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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