Huaneng Power International Inc ADR Class N (NYSE:HNP) Lifted to Buy at UBS Group

UBS Group upgraded shares of Huaneng Power International Inc ADR Class N (NYSE:HNP) from a neutral rating to a buy rating in a report issued on Tuesday morning, BenzingaRatingsTable reports.

Several other brokerages have also recently issued reports on HNP. JPMorgan Chase & Co. cut Huaneng Power International Inc ADR Class N from an overweight rating to a neutral rating in a report on Friday, November 29th. Zacks Investment Research cut Huaneng Power International Inc ADR Class N from a hold rating to a sell rating in a report on Wednesday, December 25th. Finally, ValuEngine raised Huaneng Power International Inc ADR Class N from a sell rating to a hold rating in a report on Wednesday, October 2nd.

NYSE:HNP traded up $0.02 on Tuesday, reaching $20.88. 10,018 shares of the company’s stock traded hands, compared to its average volume of 10,936. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $20.14 and a 200-day simple moving average of $20.79. The firm has a market cap of $7.97 billion, a PE ratio of 19.16, a P/E/G ratio of 0.81 and a beta of 0.58. Huaneng Power International Inc ADR Class N has a 12 month low of $17.91 and a 12 month high of $26.76.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last posted its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.40 EPS for the quarter. The business had revenue of $5.83 billion for the quarter. Huaneng Power International Inc ADR Class N had a return on equity of 3.36% and a net margin of 2.40%. On average, equities analysts anticipate that Huaneng Power International Inc ADR Class N will post 1.93 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in shares of Huaneng Power International Inc ADR Class N by 259.2% in the second quarter. Wells Fargo & Company MN now owns 5,988 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 4,321 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Huaneng Power International Inc ADR Class N by 251.9% in the third quarter. Quadrant Capital Group LLC now owns 10,479 shares of the utilities provider’s stock valued at $199,000 after purchasing an additional 7,501 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Huaneng Power International Inc ADR Class N by 178.7% in the second quarter. Citadel Advisors LLC now owns 11,182 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 25,382 shares during the period. Atria Investments LLC purchased a new stake in shares of Huaneng Power International Inc ADR Class N in the second quarter valued at approximately $158,000. Finally, Millennium Management LLC purchased a new stake in shares of Huaneng Power International Inc ADR Class N in the third quarter valued at approximately $334,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

About Huaneng Power International Inc ADR Class N

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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