6 days Ago By ABMN Staff
Vanguard Group Inc. grew its position in NET Power Inc. ( NYSE:NPWR – Free Report ) by 13.
1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,865,402 shares of the company’s stock after buying an additional 332,554 shares during the period.
Vanguard Group Inc.’s holdings in NET Power were worth $30,345,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also made changes to their positions in the company.
Janney Montgomery Scott LLC acquired a new position in NET Power during the 4th quarter valued at approximately $108,000. Fox Run Management L.L.
C. acquired a new position in shares of NET Power during the fourth quarter valued at $137,000. LPL Financial LLC boosted its holdings in shares of NET Power by 15.
0% during the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company’s stock valued at $149,000 after acquiring an additional 1,832 shares during the period. Handelsbanken Fonder AB bought a new position in shares of NET Power during the fourth quarter worth about $175,000.
Finally, Los Angeles Capital Management LLC acquired a new stake in shares of NET Power in the 4th quarter worth about $181,000. 53.62% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In NPWR has been the subject of several recent analyst reports. Barclays decreased their target price on shares of NET Power from $11.00 to $3.
00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Citigroup upgraded NET Power from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $14.00 to $6.
00 in a research report on Tuesday, March 11th. NET Power Stock Performance Shares of NPWR opened at $2.35 on Tuesday.
The firm has a market capitalization of $511.43 million, a price-to-earnings ratio of -3.51 and a beta of 0.
47. The stock’s fifty day moving average is $4.82 and its 200-day moving average is $8.
00. NET Power Inc. has a one year low of $1.
97 and a one year high of $14.28. NET Power 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. Featured Stories Want to see what other hedge funds are holding NPWR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NET Power Inc. ( NYSE:NPWR – Free Report ). Receive News & Ratings for NET Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NET Power and related companies with MarketBeat.
com's FREE daily email newsletter ..
