Bank of New York Mellon Corp Raises Stock Holdings in NET Power Inc. (NYSE:NPWR)

Bank of New York Mellon Corp raised its position in shares of NET Power Inc. (NYSE:NPWR) by 32.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,411 shares of the company’s stock after purchasing an additional 16,135 shares during the period. Bank of New York Mellon Corp’s holdings in NET Power were worth $703,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of NET Power in the 3rd quarter worth approximately $153,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in NET Power during the third quarter valued at $394,000. Charles Schwab Investment Management Inc. boosted its holdings in NET Power by 24.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company’s stock worth $1,716,000 after acquiring an additional 48,165 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of NET Power in the third quarter worth $82,000. Finally, MetLife Investment Management LLC increased its holdings in shares of NET Power by 129.1% during the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock valued at $91,000 after acquiring an additional 7,281 shares in the last quarter. Institutional investors own 53.62% of the company’s stock.

NET Power Trading Down 5.7 %

Shares of NPWR opened at $2.74 on Thursday. The business’s fifty day simple moving average is $6.81 and its two-hundred day simple moving average is $8.49. NET Power Inc. has a 12 month low of $2.28 and a 12 month high of $14.28.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NPWR shares. Barclays dropped their price target on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.

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.