Huaneng Power International, Inc. (NYSE:HNP) was upgraded by HSBC Holdings plc from a “reduce” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Huaneng Power International from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, June 1st. Citigroup Inc. raised Huaneng Power International from a “sell” rating to a “buy” rating in a research report on Friday, May 26th. TheStreet downgraded Huaneng Power International from a “c” rating to a “d+” rating in a research report on Tuesday, May 16th. Finally, BidaskClub downgraded Huaneng Power International from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Huaneng Power International presently has an average rating of “Hold” and a consensus price target of $35.00.

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

Shares of Huaneng Power International (HNP) traded down 0.152% during mid-day trading on Wednesday, reaching $29.605. The company had a trading volume of 42,881 shares. Huaneng Power International has a 12 month low of $22.85 and a 12 month high of $31.85. The firm’s 50-day moving average is $29.34 and its 200 day moving average is $27.29. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 17.622 and a beta of 0.81.

The firm also recently declared a dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 22nd will be given a dividend of $1.494 per share. The ex-dividend date is Tuesday, June 20th. Huaneng Power International’s dividend payout ratio (DPR) is presently 138.71%.

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Institutional investors have recently made changes to their positions in the company. Profund Advisors LLC acquired a new position in shares of Huaneng Power International during the first quarter worth $206,000. Bank of America Corp DE increased its position in Huaneng Power International by 1.2% in the first quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock valued at $238,000 after buying an additional 109 shares during the last quarter. HPM Partners LLC purchased a new position in Huaneng Power International during the first quarter valued at approximately $239,000. Ameriprise Financial Inc. purchased a new position in Huaneng Power International during the first quarter valued at approximately $240,000. Finally, Stifel Financial Corp purchased a new position in Huaneng Power International during the first quarter valued at approximately $291,000. 0.63% of the stock is currently owned by hedge funds and other institutional investors.

About Huaneng Power International

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