MetLife Investment Management LLC Has $91,000 Stake in NET Power Inc. (NYSE:NPWR)

MetLife Investment Management LLC grew its position in shares of NET Power Inc. (NYSE:NPWR) by 129.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,922 shares of the company’s stock after buying an additional 7,281 shares during the quarter. MetLife Investment Management LLC’s holdings in NET Power were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in NET Power in the 3rd quarter worth approximately $82,000. XTX Topco Ltd acquired a new stake in shares of NET Power during the 2nd quarter worth approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of NET Power during the 2nd quarter worth approximately $136,000. ELCO Management Co. LLC grew its holdings in shares of NET Power by 13.4% during the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after purchasing an additional 2,474 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of NET Power during the 3rd quarter worth approximately $153,000. 53.62% of the stock is owned by institutional investors.

Insider Transactions at NET Power

In other NET Power news, major shareholder Npeh, Llc sold 120,500 shares of NET Power stock in a transaction on Friday, October 11th. The stock was sold at an average price of $6.92, for a total value of $833,860.00. Following the completion of the transaction, the insider now directly owns 716,987 shares of the company’s stock, valued at $4,961,550.04. The trade was a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.02, for a total value of $562,456.44. Following the completion of the transaction, the insider now directly owns 342,364 shares of the company’s stock, valued at $2,403,395.28. This represents a 18.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,874,882 shares of company stock worth $18,301,846. 2.71% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup decreased their price target on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Barclays decreased their price target on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Finally, US Capital Advisors raised NET Power to a “strong-buy” rating in a research note on Monday, October 28th.

NET Power Stock Down 1.7 %

NPWR stock opened at $10.52 on Wednesday. The business has a 50-day moving average of $9.83 and a 200-day moving average of $9.23. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $14.28.

NET Power (NYSE:NPWR) last posted 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 period in the prior year, the company earned ($0.44) earnings per share. On average, equities analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

NET Power 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.