XTX Topco Ltd Takes $638,000 Position in NET Power Inc. (NYSE:NPWR)

XTX Topco Ltd purchased a new position in shares of NET Power Inc. (NYSE:NPWR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,269 shares of the company’s stock, valued at approximately $638,000.

A number of other large investors have also modified their holdings of NPWR. Covestor Ltd acquired a new position in shares of NET Power during the fourth quarter valued at $43,000. Janney Montgomery Scott LLC bought a new position in NET Power in the 4th quarter valued at about $108,000. National Bank of Canada FI increased its stake in NET Power by 2,727.0% during the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock valued at $126,000 after buying an additional 11,508 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of NET Power during the 4th quarter worth about $137,000. Finally, Mariner LLC acquired a new stake in shares of NET Power in the 4th quarter worth approximately $139,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NPWR. Barclays lowered their price objective on shares of 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 upgraded NET Power from a “neutral” rating to a “buy” rating and cut their price objective for the company from $14.00 to $6.00 in a report on Tuesday, March 11th.

NET Power Price Performance

NYSE NPWR opened at $1.98 on Friday. NET Power Inc. has a 12 month low of $1.96 and a 12 month high of $14.28. The company has a market capitalization of $429.82 million, a P/E ratio of -2.95 and a beta of 0.47. The company’s 50 day simple moving average is $4.32 and its 200 day simple moving average is $7.85.

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.