BlackRock Inc. cut its holdings in Huaneng Power International Inc (NYSE:HNP) by 75.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,263 shares of the utilities provider’s stock after selling 124,886 shares during the quarter. BlackRock Inc.’s holdings in Huaneng Power International were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HNP. Millennium Management LLC raised its stake in Huaneng Power International by 271.7% during the 1st quarter. Millennium Management LLC now owns 38,557 shares of the utilities provider’s stock valued at $1,035,000 after buying an additional 28,183 shares during the last quarter. Bank of Montreal Can purchased a new stake in Huaneng Power International during the 2nd quarter valued at $1,262,000. Finally, Aperio Group LLC raised its stake in Huaneng Power International by 20.4% during the 2nd quarter. Aperio Group LLC now owns 57,127 shares of the utilities provider’s stock valued at $1,500,000 after buying an additional 9,681 shares during the last quarter. 0.73% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Huaneng Power International from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Zacks Investment Research lowered Huaneng Power International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 30th. Finally, Credit Suisse Group upgraded Huaneng Power International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.00.

Huaneng Power International stock traded down $0.51 during mid-day trading on Friday, hitting $25.32. The stock had a trading volume of 21,079 shares, compared to its average volume of 31,663. The company has a market capitalization of $9.82 billion, a P/E ratio of 63.30, a P/E/G ratio of 3.02 and a beta of 0.84. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.34 and a current ratio of 0.41. Huaneng Power International Inc has a one year low of $20.51 and a one year high of $31.03.

Huaneng Power International (NYSE:HNP) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $0.04 earnings per share for the quarter. The company had revenue of $5.86 million during the quarter. Huaneng Power International had a net margin of 0.12% and a return on equity of 0.15%. Analysts forecast that Huaneng Power International Inc will post 0.65 EPS for the current year.

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Huaneng Power International 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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Institutional Ownership by Quarter for Huaneng Power International (NYSE:HNP)

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