S&CO Inc. Grows Stock Position in NET Power Inc. (NYSE:NPWR)

S&CO Inc. increased its position in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 25.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,905 shares of the company's stock after purchasing an additional 50,805 shares during the quarter. S&CO Inc. owned 0.12% of NET Power worth $1,765,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of NET Power by 65.1% during the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company's stock valued at $27,617,000 after buying an additional 956,134 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in NET Power during the second quarter worth about $20,537,000. Marshall Wace LLP raised its position in NET Power by 226.9% during the second quarter. Marshall Wace LLP now owns 583,688 shares of the company's stock valued at $5,738,000 after acquiring an additional 405,128 shares in the last quarter. Khrom Capital Management LLC lifted its holdings in NET Power by 9.6% in the second quarter. Khrom Capital Management LLC now owns 440,596 shares of the company's stock valued at $4,331,000 after acquiring an additional 38,500 shares during the period. Finally, Thomist Capital Management LP purchased a new stake in NET Power in the 2nd quarter worth approximately $1,073,000. Hedge funds and other institutional investors own 53.62% of the company's stock.

NET Power Stock Down 3.3 %

Shares of NPWR stock traded down $0.43 on Friday, reaching $12.67. 646,037 shares of the company were exchanged, compared to its average volume of 762,750. NET Power Inc. has a 1 year low of $6.57 and a 1 year high of $14.28. The business has a 50-day moving average price of $8.12 and a 200 day moving average price of $9.11.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.17. During the same period in the previous year, the business earned ($0.44) EPS. Equities analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Npeh, Llc sold 83,325 shares of NET Power stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total transaction of $674,932.50. Following the transaction, the insider now owns 416,675 shares in the company, valued at approximately $3,375,067.50. This trade represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.02, for a total value of $562,456.44. Following the completion of the sale, the insider now owns 342,364 shares of the company's stock, valued at approximately $2,403,395.28. The trade was a 18.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,204,829 shares of company stock worth $8,679,686. 2.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of NET Power from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 14th. Citigroup lowered their target price on shares of NET Power from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Finally, US Capital Advisors upgraded NET Power to a "strong-buy" rating in a research report on Monday, October 28th.

NET Power Profile

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.