Janney Montgomery Scott LLC Invests $108,000 in NET Power Inc. (NYSE:NPWR)

Janney Montgomery Scott LLC acquired a new position in NET Power Inc. (NYSE:NPWR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,200 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in NET Power in the 3rd quarter valued at $82,000. MetLife Investment Management LLC increased its holdings in NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock valued at $91,000 after buying an additional 7,281 shares during the period. Quest Partners LLC bought a new stake in NET Power in the 3rd quarter valued at $153,000. Barclays PLC increased its holdings in NET Power by 276.7% in the 3rd quarter. Barclays PLC now owns 27,883 shares of the company’s stock valued at $196,000 after buying an additional 20,481 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in NET Power in the 3rd quarter valued at $394,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

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

NET Power Stock Down 0.9 %

NPWR opened at $7.88 on Friday. The firm’s 50-day simple moving average is $9.63 and its 200-day simple moving average is $9.12. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $14.28.

NET Power (NYSE:NPWR) last posted its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.17. During the same quarter in the prior year, the business posted ($0.44) earnings per share. Equities analysts expect that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Transactions at NET Power

In related news, CFO Akash S. Patel sold 150,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.65, for a total transaction of $1,897,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 431,009 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.76, for a total transaction of $5,499,674.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 901,380 shares of company stock valued at $11,433,849. 2.71% of the stock is owned by insiders.

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.