2 weeks Ago By Defense World Staff
Geode Capital Management LLC lifted its position in NET Power Inc. ( NYSE:NPWR – Free Report ) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 658,563 shares of the company’s stock after buying an additional 11,979 shares during the period. Geode Capital Management LLC owned about 0.31% of NET Power worth $6,976,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in NPWR. Vanguard Group Inc. lifted its holdings in shares of NET Power by 13.
1% during the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after purchasing an additional 332,554 shares in the last quarter.
Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NET Power by 176.3% during the fourth quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 155,088 shares of the company’s stock worth $1,642,000 after acquiring an additional 98,952 shares in the last quarter. Raymond James Financial Inc.
acquired a new stake in shares of NET Power during the fourth quarter worth $1,264,000. Janney Montgomery Scott LLC bought a new stake in NET Power in the 4th quarter valued at $108,000. Finally, Handelsbanken Fonder AB acquired a new position in NET Power in the 4th quarter worth $175,000.
Institutional investors own 53.62% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on the company.
Barclays downgraded NET Power from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $3.00 to $2.00 in a research report on Wednesday.
Citigroup upgraded shares of NET Power from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.
NET Power Stock Up 2.3 % NPWR stock opened at $1.80 on Friday.
The company has a market cap of $391.73 million, a price-to-earnings ratio of -2.69 and a beta of 0.
47. NET Power Inc. has a twelve month low of $1.
67 and a twelve month high of $14.28. The business has a 50 day moving average price of $3.
84 and a two-hundred day moving average price of $7.71. NET Power Company 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. Read More Five stocks we like better than NET Power How to trade using analyst ratings 2 Strong Utilities Plays With Booming Earnings and Room to Grow Buy P&G Now, Before It Sets A New All-Time High Why Smart Investors Don’t Panic in Election Season A Deeper Look at Bid-Ask Spreads Now Is the Time to Buy ServiceNow—The Rebound Is Real Want to see what other hedge funds are holding NPWR? Visit HoldingsChannel.
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