Vanguard Group Inc. increased its stake in NET Power Inc. (NYSE:NPWR – Free Report) by 65.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company owned 2,424,662 shares of the company’s stock after purchasing an additional 956,134 shares during the quarter. Vanguard Group Inc. owned about 3.36% of NET Power worth $27,617,000 at the end of the last quarter.
A number of other large investors have also recently made changes to their positions in NPWR. Zürcher Kantonalbank Zürich Cantonalbank acquired a new position in NET Power during the fourth quarter valued at about $31,000. Palo Duro Investment Partners LP increased its holdings in NET Power by 4.3% during the fourth quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock valued at $1,408,000 after acquiring an additional 5,803 shares during the period. Williams Jones Wealth Management LLC. acquired a new stake in shares of NET Power during the first quarter valued at about $128,000. Commonwealth Equity Services LLC increased its holdings in shares of NET Power by 32.8% during the first quarter. Commonwealth Equity Services LLC now owns 63,821 shares of the company’s stock valued at $727,000 after acquiring an additional 15,778 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in NET Power in the fourth quarter valued at about $163,000. Hedge funds and other institutional investors own 53.62% of the company’s shares.
NET electricity price development
Shares of NYSE:NPWR opened at $8.77 on Friday. NET Power Inc. has a 12-month low of $7.55 and a 12-month high of $17.62. The stock’s 50-day average price is $9.66 and its 200-day average price is $9.78.
NET Power (NYSE:NPWR – Free Report) last released its quarterly earnings results on Monday, May 13. The company reported -$0.16 earnings per share for the quarter. Analysts forecast that NET Power Inc. will report -$0.21 earnings per share for the current fiscal year.
Insider activities at NET Power
In other NET Power news, major shareholder Sk Inc. sold 2,500,000 shares of the company’s stock on Thursday, May 23. The shares were sold at an average price of $10.04, for a total transaction of $25,100,000.00. Following the completion of the transaction, the insider now owns 2,500,000 shares of the company’s stock, valued at approximately $25,100,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.71% of the shares are owned by insiders of the company.
NET Power Profile
(Free report)
NET Power Inc is a clean energy technology company. The company invents, develops and licenses clean energy generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.
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