Shares of Huaneng Power International Inc. (NYSE:HNP) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company.

Several equities analysts have recently weighed in on HNP shares. Zacks Investment Research cut Huaneng Power International from a “buy” rating to a “hold” rating in a report on Friday, November 11th. TheStreet upgraded Huaneng Power International from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, BNP Paribas cut Huaneng Power International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 6th.

Huaneng Power International (NYSE:HNP) opened at 23.89 on Tuesday. The firm has a 50-day moving average price of $24.54 and a 200 day moving average price of $25.24. The firm has a market cap of $8.81 billion, a PE ratio of 6.16 and a beta of 0.59. Huaneng Power International has a 12-month low of $22.84 and a 12-month high of $37.79.

A number of institutional investors have recently bought and sold shares of HNP. Envestnet Asset Management Inc. boosted its position in Huaneng Power International by 234.6% in the first quarter. Envestnet Asset Management Inc. now owns 103,156 shares of the company’s stock worth $3,668,000 after buying an additional 72,325 shares during the last quarter. Sensato Investors LLC acquired a new position in Huaneng Power International during the first quarter worth approximately $231,000. Granite Investment Advisors Inc. boosted its position in Huaneng Power International by 2.5% in the second quarter. Granite Investment Advisors Inc. now owns 133,926 shares of the company’s stock worth $3,344,000 after buying an additional 3,242 shares during the last quarter. Bank of Montreal Can acquired a new position in Huaneng Power International during the second quarter worth approximately $342,000. Finally, First Trust Advisors LP boosted its position in Huaneng Power International by 13.9% in the second quarter. First Trust Advisors LP now owns 42,622 shares of the company’s stock worth $1,064,000 after buying an additional 5,198 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

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About Huaneng Power International

Huaneng Power International, Inc (Huaneng Power) is an independent power producer. The Company and its subsidiaries are engaged in the generation and sale of electric power to the respective regional or provincial grid companies in the People’s Republic of China (PRC) and in the Republic of Singapore (Singapore).

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