Wellington Management Group LLP Has $1.35 Million Stake in NET Power Inc. $NPWR

Key Points

• Wellington Management Group LLP has reduced its stake in NET Power Inc. by 25.9%, selling 179,300 shares and now holding 512,889 shares valued at approximately $1.35 million.
• Several institutional investors have significantly increased their positions in NET Power, with CenterBook Partners LP boosting its stake by 1,655.5% during the same period.
• NET Power's stock performance shows a 52-week low of $1.48 and a high of $14.28, with current trading at $2.58 as of Monday.

Wellington Management Group LLP cut its holdings in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 25.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,889 shares of the company's stock after selling 179,300 shares during the quarter. Wellington Management Group LLP owned approximately 0.24% of NET Power worth $1,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its position in shares of 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 NET Power in the 1st quarter valued at $43,000. Nuveen LLC purchased a new position in shares of NET Power during the 1st quarter worth about $136,000. Mariner LLC purchased a new stake in shares of NET Power during the 4th quarter valued at $139,000. Finally, Williams Jones Wealth Management LLC. acquired a new stake in NET Power during the 4th quarter worth about $159,000. Institutional investors and hedge funds own 53.62% of the company's stock.

NET Power Price Performance

Shares of NYSE:NPWR traded down $0.08 during mid-day trading on Friday, reaching $2.16. 277,213 shares of the company were exchanged, compared to its average volume of 1,339,511. NET Power Inc. has a 1 year low of $1.48 and a 1 year high of $14.28. The firm has a market cap of $472.42 million, a price-to-earnings ratio of -0.91 and a beta of 0.71. The firm's 50-day simple moving average is $2.73 and its 200 day simple moving average is $2.90.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.24). On average, research analysts forecast that NET Power Inc. will post -0.4 earnings per share 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.