National Bank of Canada FI Acquires 11,508 Shares of NET Power Inc. (NYSE:NPWR)

National Bank of Canada FI boosted its holdings in NET Power Inc. (NYSE:NPWR) by 2,727.0% during the 4th quarter, Holdings Channel reports. The firm owned 11,930 shares of the company’s stock after acquiring an additional 11,508 shares during the period. National Bank of Canada FI’s holdings in NET Power were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NPWR. Vanguard Group Inc. raised its stake in shares of NET Power by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock worth $30,345,000 after purchasing an additional 332,554 shares during the period. LPL Financial LLC raised its position in NET Power by 15.0% in the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company’s stock worth $149,000 after acquiring an additional 1,832 shares during the period. Fox Run Management L.L.C. bought a new stake in NET Power in the fourth quarter worth about $137,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in NET Power by 176.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 155,088 shares of the company’s stock valued at $1,642,000 after acquiring an additional 98,952 shares during the last quarter. Finally, S&CO Inc. grew its position in shares of NET Power by 35.5% during the 4th quarter. S&CO Inc. now owns 341,405 shares of the company’s stock valued at $3,615,000 after acquiring an additional 89,500 shares during the period. Institutional investors own 53.62% of the company’s stock.

NET Power Stock Up 2.4 %

NPWR opened at $2.39 on Friday. The company has a market capitalization of $519.04 million, a price-to-earnings ratio of -3.56 and a beta of 0.47. The firm has a 50-day moving average price of $4.95 and a 200-day moving average price of $8.03. NET Power Inc. has a twelve month low of $1.97 and a twelve month high of $14.28.

Analyst Upgrades and Downgrades

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

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.