Huaneng Power International (HNP) Rating Lowered to Hold at Zacks Investment Research

Huaneng Power International (NYSE:HNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, December 26th.

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 subject of a number of other research reports. ValuEngine raised shares of Huaneng Power International from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Daiwa Capital Markets downgraded shares of 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 research note on Tuesday, November 7th. Finally, CLSA raised shares of Huaneng Power International from a “sell” rating to an “outperform” rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Huaneng Power International (NYSE:HNP) opened at $26.38 on Tuesday. Huaneng Power International has a 1-year low of $24.40 and a 1-year high of $31.85. The company has a market cap of $13,260.00, a PE ratio of 25.12, a price-to-earnings-growth ratio of 0.57 and a beta of 0.77. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29.

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Huaneng Power International during the second quarter valued at approximately $102,000. FDx Advisors Inc. acquired a new stake in Huaneng Power International in the third quarter valued at approximately $224,000. Bank of America Corp DE boosted its stake in 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 acquiring an additional 109 shares in the last quarter. Northern Trust Corp boosted its stake in Huaneng Power International by 8.8% in the second quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 710 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Huaneng Power International in the second quarter valued at approximately $250,000. 0.55% of the stock is currently owned by institutional investors.

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