G.F.W. Energy XII L.P. Decreases Stock Position in NET Power Inc. $NPWR

Key Points

• G.F.W. Energy XII L.P. reduced its stake in NET Power Inc. by 72.4%, selling 311,113 shares during the first quarter, leaving it with 118,729 shares which now make up 89.4% of its holdings.
• Other institutional investors have increased their holdings in NET Power, with Dimensional Fund Advisors LP raising its stake by 930.8% during the fourth quarter.
• NET Power's recent earnings report showed a loss of ($0.36) earnings per share, which missed analysts' estimates by ($0.24).

G.F.W. Energy XII L.P. reduced its holdings in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 72.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,729 shares of the company's stock after selling 311,113 shares during the quarter. NET Power comprises 89.4% of G.F.W. Energy XII L.P.'s investment portfolio, making the stock its biggest position. G.F.W. Energy XII L.P. owned about 0.05% of NET Power worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Deutsche Bank AG raised its holdings in NET Power by 63.0% during the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock valued at $37,000 after acquiring an additional 5,429 shares during the period. Legacy Advisors LLC bought a new stake in shares of NET Power during the 1st quarter valued at $43,000. EntryPoint Capital LLC purchased a new stake in NET Power during the 1st quarter worth about $126,000. Nuveen LLC bought a new position in NET Power in the 1st quarter worth about $136,000. Finally, Mariner LLC purchased a new position in NET Power during the 4th quarter valued at about $139,000. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

NET Power Price Performance

Shares of NPWR traded down $0.03 during midday trading on Friday, hitting $2.20. 611,645 shares of the company traded hands, compared to its average volume of 1,072,638. The stock has a 50-day moving average of $2.73 and a 200-day moving average of $2.83. The firm has a market cap of $481.41 million, a P/E ratio of -0.93 and a beta of 0.71. NET Power Inc. has a one year low of $1.48 and a one year high of $14.28.

NET Power (NYSE:NPWR - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.24). Sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

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.