Zacks Investment Research cut shares of Huaneng Power International Inc ADR Class N (NYSE:HNP) from a hold rating to a sell rating in a research note published on Saturday morning, Zacks.com reports.

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. “

Shares of Huaneng Power International Inc ADR Class N stock opened at $22.39 on Friday. The stock has a market capitalization of $8.66 billion, a P/E ratio of 139.94, a PEG ratio of 0.92 and a beta of 0.63. Huaneng Power International Inc ADR Class N has a 52 week low of $20.51 and a 52 week high of $26.76. The business has a 50 day moving average of $23.38. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

The business also recently disclosed an annual dividend, which will be paid on Monday, September 9th. Stockholders of record on Wednesday, June 19th will be paid a $0.5145 dividend. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, June 18th. Huaneng Power International Inc ADR Class N’s dividend payout ratio (DPR) is presently 318.75%.

Several institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP acquired a new position in shares of Huaneng Power International Inc ADR Class N during the 4th quarter worth $235,000. Bank of Montreal Can increased its holdings in Huaneng Power International Inc ADR Class N by 6.6% in the 1st quarter. Bank of Montreal Can now owns 23,359 shares of the utilities provider’s stock worth $541,000 after purchasing an additional 1,446 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Huaneng Power International Inc ADR Class N by 101.8% in the 1st quarter. Quadrant Capital Group LLC now owns 5,242 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 2,645 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Huaneng Power International Inc ADR Class N in the 2nd quarter worth about $25,000. Finally, Aperio Group LLC increased its holdings in Huaneng Power International Inc ADR Class N by 8.7% in the 2nd quarter. Aperio Group LLC now owns 51,597 shares of the utilities provider’s stock worth $1,203,000 after purchasing an additional 4,137 shares in the last quarter. 0.31% of the stock is owned by hedge funds and other institutional investors.

Huaneng Power International Inc ADR Class N Company Profile

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

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