Vanguard Group Inc. boosted its position in NET Power Inc. (NYSE:NPWR - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,865,402 shares of the company's stock after buying an additional 332,554 shares during the period. Vanguard Group Inc. owned approximately 1.33% of NET Power worth $30,345,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in NET Power during the fourth quarter worth about $1,264,000. Geode Capital Management LLC increased its holdings in shares of NET Power by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company's stock valued at $4,535,000 after purchasing an additional 115,189 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NET Power by 176.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 155,088 shares of the company's stock valued at $1,642,000 after purchasing an additional 98,952 shares during the period. S&CO Inc. boosted its holdings in NET Power by 35.5% during the fourth quarter. S&CO Inc. now owns 341,405 shares of the company's stock worth $3,615,000 after buying an additional 89,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NET Power by 24.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company's stock valued at $1,716,000 after buying an additional 48,165 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.
NET Power Stock Down 7.3 %
Shares of NYSE NPWR traded down $0.16 during midday trading on Friday, hitting $1.98. The stock had a trading volume of 663,694 shares, compared to its average volume of 634,316. The stock has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $7.86. The company has a market capitalization of $429.82 million, a PE ratio of -2.95 and a beta of 0.47. NET Power Inc. has a 1 year low of $1.96 and a 1 year high of $14.28.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on NPWR shares. Barclays lowered their target price on shares of NET Power from $11.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and cut their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th.
Check Out Our Latest Research Report on NPWR
NET Power Company Profile
(
Free Report)
NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.
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