Huaneng Power International (NYSE:HNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Huaneng Power International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Daiwa Capital Markets lowered shares of Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, November 27th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Huaneng Power International in a report on Tuesday, November 7th. Finally, CLSA upgraded shares of Huaneng Power International from a “sell” rating to an “outperform” rating in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Shares of Huaneng Power International (NYSE HNP) traded up $0.34 during midday trading on Friday, reaching $26.38. 59,398 shares of the company traded hands, compared to its average volume of 73,402. Huaneng Power International has a one year low of $24.40 and a one year high of $31.85. The stock has a market cap of $13,190.00, a PE ratio of 25.12, a PEG ratio of 0.56 and a beta of 0.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.29 and a current ratio of 0.33.

Huaneng Power International (NYSE:HNP) last posted its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.02 earnings per share for the quarter. Huaneng Power International had a net margin of 1.22% and a return on equity of 1.72%. research analysts anticipate that Huaneng Power International will post 0.83 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Huaneng Power International by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,133 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 124 shares in the last quarter. State Street Corp raised its stake in Huaneng Power International by 2.2% during the 2nd quarter. State Street Corp now owns 14,577 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 307 shares in the last quarter. Northern Trust Corp raised its stake in Huaneng Power International by 8.8% during the 2nd quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 710 shares in the last quarter. Wells Fargo & Company MN raised its stake in Huaneng Power International by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 15,289 shares of the utilities provider’s stock worth $425,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in Huaneng Power International by 26.1% during the 2nd quarter. Profund Advisors LLC now owns 9,752 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 2,017 shares in the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

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