Quest Partners LLC Invests $153,000 in NET Power Inc. (NYSE:NPWR)

Quest Partners LLC purchased a new position in shares of NET Power Inc. (NYSE:NPWR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,831 shares of the company’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Encompass Capital Advisors LLC acquired a new stake in NET Power during the 2nd quarter worth approximately $20,537,000. Vanguard Group Inc. raised its stake in NET Power by 65.1% during the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after buying an additional 956,134 shares during the last quarter. Marshall Wace LLP grew its holdings 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 acquiring an additional 405,128 shares during the period. Thomist Capital Management LP acquired a new position in shares of NET Power in the 2nd quarter valued at about $1,073,000. Finally, SIR Capital Management L.P. acquired a new stake in NET Power during the second quarter worth approximately $971,000. Institutional investors own 53.62% of the company’s stock.

NET Power Trading Up 4.3 %

NPWR opened at $12.99 on Friday. The company’s 50-day moving average price is $9.15 and its two-hundred day moving average price is $9.24. 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 quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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. Sell-side analysts expect that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NPWR shares. Barclays decreased their price target on shares of 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. US Capital Advisors upgraded shares of NET Power to a “strong-buy” rating in a report on Monday, October 28th. Finally, Citigroup lowered their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th.

Insider Activity

In related news, major shareholder Npeh, Llc sold 21,155 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.28, for a total transaction of $154,008.40. Following the completion of the transaction, the insider now directly owns 107,852 shares in the company, valued at $785,162.56. The trade was a 16.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $7.02, for a total value of $562,456.44. Following the completion of the sale, the insider now directly owns 342,364 shares in the company, valued at approximately $2,403,395.28. The trade was a 18.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,106,209 shares of company stock worth $20,113,535 over the last ninety days. Company insiders own 2.71% of the company’s stock.

NET Power Company 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.