Npeh, Llc Sells 60,022 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 60,022 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.60, for a total transaction of $456,167.20. Following the sale, the insider now owns 129,307 shares in the company, valued at approximately $982,733.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Npeh, Llc also recently made the following trade(s):

• On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The stock was sold at an average price of $7.28, for a total transaction of $154,008.40.
• On Friday, September 6th, Npeh, Llc sold 66,825 shares of NET Power stock. The shares were sold at an average price of $7.88, for a total transaction of $526,581.00.
• On Wednesday, September 4th, Npeh, Llc sold 83,325 shares of NET Power stock. The stock was sold at an average price of $8.10, for a total value of $674,932.50.

NET Power Stock Up 2.3 %

Shares of NPWR opened at $7.11 on Thursday. NET Power Inc. has a 1 year low of $6.57 and a 1 year high of $17.62. The company has a 50 day simple moving average of $8.73 and a two-hundred day simple moving average of $9.72.

NET Power (NYSE:NPWR) last posted its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. On average, analysts forecast that NET Power Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

Separately, Barclays dropped their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th.

Institutional Investors Weigh In On NET Power

Large investors have recently made changes to their positions in the company. Greenlight Capital Inc. boosted its position in shares of NET Power by 5.5% during the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock valued at $30,220,000 after acquiring an additional 155,000 shares during the last quarter. Vanguard Group Inc. lifted its position in NET Power by 65.1% during the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock valued at $27,617,000 after purchasing an additional 956,134 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of NET Power in the 2nd quarter worth $20,537,000. Marshall Wace LLP grew its stake in shares of NET Power by 226.9% in 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 in the last quarter. Finally, Khrom Capital Management LLC increased its holdings in shares of NET Power by 9.6% in the 2nd quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock worth $4,331,000 after buying an additional 38,500 shares during the last quarter. 53.62% of the stock is owned by institutional investors.

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.