Huaneng Power International (NYSE:HNP) Upgraded by StockNews.com to “Hold”

Huaneng Power International (NYSE:HNP – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Separately, Zacks Investment Research upgraded Huaneng Power International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Shares of HNP opened at $18.47 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.41 and a current ratio of 0.50. Huaneng Power International has a one year low of $13.05 and a one year high of $28.77. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of -3.82, a PEG ratio of 0.54 and a beta of 0.76. The stock has a 50 day moving average price of $19.68 and a 200 day moving average price of $20.59.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Huaneng Power International by 5.0% during the 4th quarter. BlackRock Inc. now owns 145,432 shares of the utilities provider’s stock worth $3,841,000 after acquiring an additional 6,868 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Huaneng Power International by 3.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 295,682 shares of the utilities provider’s stock worth $7,809,000 after acquiring an additional 10,143 shares in the last quarter. Northern Trust Corp lifted its stake in Huaneng Power International by 39.5% during the 4th quarter. Northern Trust Corp now owns 13,668 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 3,873 shares in the last quarter. AGF Investments Inc. acquired a new position in Huaneng Power International during the 4th quarter worth about $391,000. Finally, FNY Investment Advisers LLC lifted its stake in Huaneng Power International by 27.7% during the 4th quarter. FNY Investment Advisers LLC now owns 14,000 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 3,040 shares in the last quarter. Institutional investors and hedge funds own 0.49% of the company’s stock.

About Huaneng Power International (Get Rating)

Huaneng Power International, Inc, together with its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and internationally. 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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