Huaneng Power International, Inc. (NYSE:HNP) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $33.00.

Several research analysts recently issued reports on HNP shares. Zacks Investment Research lowered shares of Huaneng Power International from a “hold” rating to a “strong sell” rating in a research note on Monday, April 10th. TheStreet lowered shares of Huaneng Power International from a “c” rating to a “d+” rating in a research note on Tuesday, May 16th. Macquarie raised shares of Huaneng Power International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 23rd. Citigroup Inc. raised shares of Huaneng Power International from a “sell” rating to a “buy” rating in a research note on Friday, May 26th. Finally, ValuEngine lowered shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC purchased a new stake in shares of Huaneng Power International during the first quarter valued at approximately $206,000. Capital Guardian Trust Co. increased its stake in shares of Huaneng Power International by 2.4% in the fourth quarter. Capital Guardian Trust Co. now owns 36,710 shares of the utilities provider’s stock valued at $956,000 after buying an additional 857 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Huaneng Power International during the first quarter valued at approximately $1,414,000. Bank of America Corp DE increased its stake in shares of 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 in the last quarter. Finally, Morgan Stanley increased its stake in shares of Huaneng Power International by 17.9% in the first quarter. Morgan Stanley now owns 63,246 shares of the utilities provider’s stock valued at $1,684,000 after buying an additional 9,605 shares in the last quarter. Hedge funds and other institutional investors own 0.60% of the company’s stock.

Shares of Huaneng Power International (NYSE HNP) traded down 1.66% during midday trading on Tuesday, hitting $27.66. 52,835 shares of the company were exchanged. Huaneng Power International has a one year low of $22.84 and a one year high of $31.85. The firm’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 $11.27 billion, a price-to-earnings ratio of 16.46 and a beta of 0.81.

The firm also recently disclosed a dividend, which will be paid on Thursday, June 22nd. Shareholders 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 138.71%.

Huaneng Power International Company Profile

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