S&CO Inc. Has $1.77 Million Stock Holdings in NET Power Inc. (NYSE:NPWR)

S&CO Inc. grew its position in shares of NET Power Inc. (NYSE:NPWR) by 25.3% during the third quarter, HoldingsChannel.com reports. The firm owned 251,905 shares of the company’s stock after purchasing an additional 50,805 shares during the period. S&CO Inc.’s holdings in NET Power were worth $1,765,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of NET Power by 65.1% in the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after acquiring an additional 956,134 shares during the period. K2 Principal Fund L.P. acquired a new position in NET Power in the first quarter valued at approximately $148,000. Bank of New York Mellon Corp acquired a new position in NET Power in the second quarter valued at approximately $662,000. Summit Securities Group LLC acquired a new position in NET Power in the second quarter valued at approximately $268,000. Finally, Rhumbline Advisers bought a new stake in shares of NET Power during the second quarter valued at approximately $282,000. 53.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. US Capital Advisors upgraded NET Power to a “strong-buy” rating in a report on Monday, October 28th. Barclays lowered their price target on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Finally, Citigroup lowered their price target 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.

NET Power Trading Down 3.3 %

NPWR stock opened at $12.67 on Friday. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $14.28. The stock has a fifty day moving average of $8.12 and a 200-day moving average of $9.11.

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

Insiders Place Their Bets

In other 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 in the company, valued at approximately $511,518. This trade represents a 26.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Npeh, Llc sold 120,500 shares of NET Power stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $6.92, for a total value of $833,860.00. Following the sale, the insider now owns 716,987 shares of the company’s stock, valued at approximately $4,961,550.04. This trade represents a 14.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,204,829 shares of company stock worth $8,679,686 in the last quarter. 2.71% of the stock is owned by company 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.