G.F.W. Energy XII L.P. cut its stake in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 57.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 429,842 shares of the company's stock after selling 570,158 shares during the quarter. NET Power accounts for about 98.5% of G.F.W. Energy XII L.P.'s investment portfolio, making the stock its largest holding. G.F.W. Energy XII L.P. owned approximately 0.20% of NET Power worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of NPWR. Covestor Ltd bought a new position in shares of NET Power during the fourth quarter valued at approximately $43,000. Janney Montgomery Scott LLC bought a new position in NET Power in the 4th quarter worth $108,000. National Bank of Canada FI raised its holdings in NET Power by 2,727.0% in the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after purchasing an additional 11,508 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of NET Power in the 4th quarter worth about $137,000. Finally, Mariner LLC bought a new stake in shares of NET Power during the 4th quarter valued at about $139,000. 53.62% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on NPWR shares. Barclays lowered shares of NET Power from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $3.00 to $2.00 in a report on Wednesday, April 23rd. Citigroup raised NET Power from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th.
Check Out Our Latest Report on NET Power
NET Power Trading Down 2.8%
NET Power stock traded down $0.06 on Friday, hitting $1.92. 312,307 shares of the stock traded hands, compared to its average volume of 656,922. NET Power Inc. has a 1 year low of $1.62 and a 1 year high of $14.28. The firm has a market cap of $416.76 million, a P/E ratio of -2.86 and a beta of 0.51. The business's fifty day simple moving average is $2.62 and its 200 day simple moving average is $7.26.
About NET Power
(
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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