Shares of Huaneng Power International, Inc. (NYSE:HNP) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Huaneng Power International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Friday, June 30th. HSBC Holdings plc raised shares of Huaneng Power International from a “reduce” rating to a “hold” rating in a research report on Wednesday, June 14th. ValuEngine cut shares of Huaneng Power International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. raised shares of Huaneng Power International from a “sell” rating to a “buy” rating in a research report on Friday, May 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of HNP. Credit Suisse AG raised its position 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 period. Paloma Partners Management Co bought a new position in shares of Huaneng Power International during the first quarter valued at approximately $299,000. Bank of America Corp DE raised its position 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 during the period. Morgan Stanley raised its position 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 during the period. Finally, UBS Group AG raised its position in shares of Huaneng Power International by 90.2% in the first quarter. UBS Group AG now owns 19,145 shares of the utilities provider’s stock valued at $509,000 after buying an additional 9,080 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Shares of Huaneng Power International (HNP) traded down 1.218% during trading on Monday, reaching $28.212. 85,365 shares of the company were exchanged. Huaneng Power International has a one year low of $22.85 and a one year high of $31.85. The stock has a market capitalization of $11.50 billion, a PE ratio of 16.793 and a beta of 0.72. The stock has a 50-day moving average price of $29.78 and a 200-day moving average price of $27.57.

The business also recently disclosed a dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 22nd were issued a $1.494 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. Huaneng Power International’s dividend payout ratio (DPR) is presently 80.11%.

TRADEMARK VIOLATION WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/17/huaneng-power-international-inc-hnp-receives-average-rating-of-hold-from-brokerages.html.

Huaneng Power International Company Profile

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

Receive News & Ratings for Huaneng Power International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huaneng Power International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.