NET Power Inc. (NYSE:NPWR) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in NET Power Inc. (NYSE:NPWR) by 276.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,883 shares of the company’s stock after acquiring an additional 20,481 shares during the quarter. Barclays PLC’s holdings in NET Power were worth $196,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NPWR. Encompass Capital Advisors LLC purchased a new stake in NET Power during the 2nd quarter worth approximately $20,537,000. Marshall Wace LLP increased its stake in NET Power by 226.9% during the 2nd quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after buying an additional 405,128 shares during the period. Geode Capital Management LLC increased its position in shares of NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock valued at $4,535,000 after purchasing an additional 115,189 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of NET Power in the 2nd quarter valued at approximately $662,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of NET Power in the 3rd quarter valued at approximately $394,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

NET Power Stock Up 3.7 %

NYSE NPWR opened at $9.65 on Wednesday. The firm’s fifty day moving average price is $10.92 and its 200 day moving average price is $9.21. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $14.28.

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 earned ($0.44) earnings per share. Equities analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

Insider Activity at NET Power

In related news, CFO Akash S. Patel sold 150,000 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 8 Rivers Capital, Llc sold 431,009 shares of the stock in a transaction on 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. Insiders have sold 901,380 shares of company stock valued at $11,433,849 in the last ninety days. Insiders own 2.71% of the company’s stock.

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.