Raymond James Financial Inc. bought a new position in shares of NET Power Inc. (NYSE:NPWR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 119,397 shares of the company's stock, valued at approximately $1,264,000. Raymond James Financial Inc. owned about 0.06% of NET Power at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of NET Power in the 3rd quarter valued at $82,000. MetLife Investment Management LLC increased its holdings in shares of NET Power by 129.1% in the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company's stock worth $91,000 after acquiring an additional 7,281 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power during the fourth quarter worth about $108,000. Handelsbanken Fonder AB bought a new position in shares of NET Power during the 4th quarter valued at about $175,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of NET Power in the 4th quarter valued at approximately $181,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NPWR has been the topic of several research analyst reports. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Barclays cut their price objective on shares of NET Power from $11.00 to $3.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th.
View Our Latest Stock Report on NET Power
NET Power Stock Performance
NYSE NPWR traded up $0.04 during trading on Monday, hitting $2.19. The stock had a trading volume of 1,127,713 shares, compared to its average volume of 622,744. NET Power Inc. has a 12 month low of $2.03 and a 12 month high of $14.28. The company's 50-day moving average price is $5.70 and its two-hundred day moving average price is $8.24. The company has a market capitalization of $475.52 million, a PE ratio of -3.26 and a beta of 0.47.
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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