Quest Partners LLC Purchases New Holdings in NET Power Inc. (NYSE:NPWR)

Quest Partners LLC bought a new position in NET Power Inc. (NYSE:NPWR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,831 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NPWR. Vanguard Group Inc. boosted its stake in NET Power by 65.1% in 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 in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of NET Power in the second quarter valued at $20,537,000. SIR Capital Management L.P. acquired a new stake in NET Power in the 2nd quarter valued at about $971,000. S&CO Inc. increased its holdings in shares of NET Power by 25.3% in the third quarter. S&CO Inc. now owns 251,905 shares of the company’s stock valued at $1,765,000 after purchasing an additional 50,805 shares in the last quarter. Finally, Thomist Capital Management LP bought a new stake in shares of NET Power during the second quarter worth $1,073,000. 53.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

NET Power Trading Up 4.3 %

NPWR stock opened at $12.99 on Friday. The stock has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $9.24. NET Power Inc. has a 1 year low of $6.57 and a 1 year high of $14.28.

NET Power (NYSE:NPWR) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17. During the same period last year, the company posted ($0.44) EPS. As a group, equities research analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.01, for a total transaction of $62,185.71. Following the completion of the sale, the insider now owns 960,078 shares of the company’s stock, valued at approximately $6,730,146.78. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash S. Patel sold 150,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.65, for a total transaction of $1,897,500.00. The disclosure for this sale can be found here. Insiders have sold 2,106,209 shares of company stock valued at $20,113,535 in the last 90 days. 2.71% of the stock is currently owned by insiders.

About NET Power

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.