10,200 Shares in NET Power Inc. (NYSE:NPWR) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of NET Power Inc. (NYSE:NPWR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,200 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in NET Power during the 3rd quarter valued at about $82,000. MetLife Investment Management LLC lifted its position in NET Power by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock valued at $91,000 after purchasing an additional 7,281 shares during the period. Quest Partners LLC acquired a new position in NET Power during the 3rd quarter valued at about $153,000. Barclays PLC lifted its position in NET Power by 276.7% during the 3rd quarter. Barclays PLC now owns 27,883 shares of the company’s stock valued at $196,000 after purchasing an additional 20,481 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in NET Power during the 3rd quarter valued at about $394,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Insider Activity at NET Power

In related news, CFO Akash S. Patel sold 150,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.65, for a total value of $1,897,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder 8 Rivers Capital, Llc sold 320,371 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $12.60, for a total transaction of $4,036,674.60. Following the completion of the sale, the insider now owns 940,049 shares in the company, valued at $11,844,617.40. This represents a 25.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 901,380 shares of company stock worth $11,433,849 in the last ninety days. Company insiders own 2.71% of the company’s stock.

NET Power Stock Performance

NET Power stock opened at $7.88 on Friday. NET Power Inc. has a 1 year low of $6.57 and a 1 year high of $14.28. The company’s 50-day moving average is $9.63 and its two-hundred day moving average is $9.12.

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

Analysts Set New Price Targets

Separately, US Capital Advisors upgraded shares of NET Power to a “strong-buy” rating in a research report on Monday, October 28th.

NET Power Company Profile

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.