Renaissance Technologies LLC Buys New Position in Huaneng Power International Inc (NYSE:HNP)

Renaissance Technologies LLC acquired a new stake in Huaneng Power International Inc (NYSE:HNP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,800 shares of the utilities provider’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aperio Group LLC lifted its position in Huaneng Power International by 20.4% during the second 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 in the last quarter. Bank of Montreal Can acquired a new position in Huaneng Power International during the second quarter valued at approximately $1,262,000. Finally, Millennium Management LLC lifted its position in Huaneng Power International by 271.7% during the first 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 in the last quarter. 0.73% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on HNP. ValuEngine lowered shares of Huaneng Power International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Credit Suisse Group upgraded shares of Huaneng Power International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 13th. JPMorgan Chase & Co. lowered shares of Huaneng Power International from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research lowered shares of Huaneng Power International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.00.

Shares of HNP traded down $0.09 during mid-day trading on Monday, reaching $25.11. 13,100 shares of the stock traded hands, compared to its average volume of 55,980. The firm has a market capitalization of $9.58 billion, a P/E ratio of 62.73, a P/E/G ratio of 2.95 and a beta of 0.83. Huaneng Power International Inc has a 12-month low of $20.51 and a 12-month high of $31.03. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 1.49.

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

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About Huaneng Power International

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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