NET Power Inc. (NYSE:NPWR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in NET Power Inc. (NYSE:NPWR) by 24.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,852 shares of the company’s stock after purchasing an additional 48,165 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NET Power were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of NPWR. Encompass Capital Advisors LLC acquired a new position in NET Power in the 2nd quarter worth about $20,537,000. Marshall Wace LLP raised its position in NET Power by 226.9% during the second quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after acquiring an additional 405,128 shares during the period. Khrom Capital Management LLC lifted its holdings in NET Power by 9.6% during the second quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock valued at $4,331,000 after purchasing an additional 38,500 shares in the last quarter. S&CO Inc. grew its position 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 during the period. Finally, Thomist Capital Management LP purchased a new stake in shares of NET Power during the second quarter worth about $1,073,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NET Power

In other news, major shareholder 8 Rivers Capital, Llc sold 8,871 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.01, for a total value of $62,185.71. Following the sale, the insider now directly owns 960,078 shares in the company, valued at approximately $6,730,146.78. This trade represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Npeh, Llc sold 122,591 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $6.95, for a total value of $852,007.45. Following the transaction, the insider now directly owns 837,487 shares of the company’s stock, valued at approximately $5,820,534.65. This represents a 12.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,836,790 shares of company stock worth $18,033,016. Company insiders own 2.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. US Capital Advisors raised shares of NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Citigroup reduced their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.

NET Power Price Performance

NPWR opened at $9.91 on Tuesday. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $14.28. The company’s 50 day simple moving average is $10.05 and its two-hundred day simple moving average is $9.23.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. During the same quarter in the previous year, the business posted ($0.44) earnings per share. Equities research analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

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.