Charles Schwab Investment Management Inc. Buys 48,165 Shares of NET Power Inc. (NYSE:NPWR)

Charles Schwab Investment Management Inc. lifted its position in NET Power Inc. (NYSE:NPWR) by 24.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 244,852 shares of the company’s stock after buying an additional 48,165 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of NET Power worth $1,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Encompass Capital Advisors LLC bought a new stake in shares of NET Power in the second quarter worth $20,537,000. SIR Capital Management L.P. bought a new position in shares of NET Power in the second quarter worth about $971,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NET Power during the third quarter valued at approximately $394,000. S&CO Inc. lifted its holdings 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 worth $1,765,000 after buying an additional 50,805 shares in the last quarter. Finally, Thomist Capital Management LP bought a new position in shares of NET Power during the second quarter worth $1,073,000. Institutional investors own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

NPWR has been the topic of several recent research reports. US Capital Advisors raised NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup dropped their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th.

Insiders Place Their Bets

In related news, major shareholder 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $7.00, for a total transaction of $188,482.00. Following the completion of the sale, the insider now owns 73,074 shares of the company’s stock, valued at $511,518. The trade was a 26.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash S. Patel sold 150,000 shares of the company’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,836,790 shares of company stock valued at $18,033,016. 2.71% of the stock is currently owned by corporate insiders.

NET Power Trading Down 0.8 %

Shares of NPWR stock opened at $9.91 on Tuesday. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $14.28. The stock has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $9.23.

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