AlphaQuest LLC Has $27,000 Holdings in NET Power Inc. (NYSE:NPWR)

AlphaQuest LLC decreased its position in shares of NET Power Inc. (NYSE:NPWR) by 88.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,564 shares of the company’s stock after selling 19,267 shares during the quarter. AlphaQuest LLC’s holdings in NET Power were worth $27,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its holdings in NET Power by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after buying an additional 7,281 shares in the last quarter. HITE Hedge Asset Management LLC lifted its holdings in NET Power by 2.6% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 387,624 shares of the company’s stock worth $2,717,000 after buying an additional 9,987 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in NET Power during the 4th quarter worth $108,000. Dynamic Technology Lab Private Ltd acquired a new position in NET Power during the 3rd quarter worth $82,000. Finally, Bank of New York Mellon Corp lifted its holdings in NET Power by 32.1% during the 4th quarter. Bank of New York Mellon Corp now owns 66,411 shares of the company’s stock worth $703,000 after buying an additional 16,135 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup raised NET Power from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Barclays reduced their price objective on NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th.

NET Power Trading Down 2.8 %

Shares of NET Power stock opened at $2.95 on Friday. The firm has a fifty day moving average of $7.17 and a two-hundred day moving average of $8.59. NET Power Inc. has a 52 week low of $2.28 and a 52 week high of $14.28.

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.