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

HNP has been the topic of several other reports. ValuEngine raised Huaneng Power International from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Daiwa Capital Markets lowered Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, November 27th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Huaneng Power International in a report on Tuesday, November 7th. Finally, CLSA raised Huaneng Power International from a “sell” rating to an “outperform” rating in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.00.

Shares of Huaneng Power International (HNP) opened at $26.04 on Friday. The stock has a market capitalization of $13,200.00, a price-to-earnings ratio of 24.80, a PEG ratio of 0.57 and a beta of 0.77. Huaneng Power International has a 1-year low of $24.40 and a 1-year high of $31.85. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. acquired a new stake in shares of Huaneng Power International during the 3rd quarter worth $558,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Huaneng Power International during the 2nd quarter worth $1,469,000. First Trust Advisors LP grew its holdings in shares of Huaneng Power International by 12.3% during the 2nd quarter. First Trust Advisors LP now owns 56,787 shares of the utilities provider’s stock worth $1,578,000 after purchasing an additional 6,241 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of Huaneng Power International by 20.5% during the 3rd quarter. Alps Advisors Inc. now owns 36,389 shares of the utilities provider’s stock worth $889,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Huaneng Power International during the 3rd quarter worth $2,799,000. 0.55% of the stock is currently owned by institutional investors.

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Huaneng Power International Company Profile

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