Investment analysts at StockNews.com started coverage on shares of Huaneng Power International (NYSE:HNP – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.
Huaneng Power International Price Performance
The company’s 50-day simple moving average is $19.37 and its 200-day simple moving average is $20.26. Huaneng Power International has a 1 year low of $13.05 and a 1 year high of $28.77. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of -3.26, a P/E/G ratio of 0.70 and a beta of 0.56. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.47.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in HNP. Quadrant Capital Group LLC increased its position in Huaneng Power International by 30.8% during the 4th quarter. Quadrant Capital Group LLC now owns 4,284 shares of the utilities provider’s stock valued at $113,000 after buying an additional 1,010 shares in the last quarter. AGF Investments Inc. acquired a new position in shares of Huaneng Power International in the fourth quarter valued at about $391,000. Lindbrook Capital LLC increased its holdings in shares of Huaneng Power International by 74.4% in the first quarter. Lindbrook Capital LLC now owns 1,507 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 643 shares during the period. BlackRock Inc. increased its holdings in shares of Huaneng Power International by 2.6% in the first quarter. BlackRock Inc. now owns 149,183 shares of the utilities provider’s stock valued at $2,518,000 after purchasing an additional 3,751 shares during the period. Finally, Veriti Management LLC acquired a new position in shares of Huaneng Power International in the second quarter valued at about $277,000. 0.46% of the stock is owned by institutional investors and hedge funds.
About Huaneng Power International
Huaneng Power International, Inc, together with its subsidiaries, engages in the generation and sale of electric power to the regional or provincial grid companies in the People's Republic of China and internationally. It is involved in the development, construction, operation, and management of power plants and related projects.
- Get a free copy of the StockNews.com research report on Huaneng Power International (HNP)
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