Dimensional Fund Advisors LP Purchases 128,187 Shares of NET Power Inc. (NYSE:NPWR)

Dimensional Fund Advisors LP raised its stake in shares of NET Power Inc. (NYSE:NPWR) by 930.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,958 shares of the company’s stock after acquiring an additional 128,187 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of NET Power worth $1,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NPWR. LPL Financial LLC increased its stake in shares of NET Power by 15.0% in the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company’s stock valued at $149,000 after buying an additional 1,832 shares in the last quarter. Covestor Ltd acquired a new position in shares of NET Power in the fourth quarter valued at approximately $43,000. Barclays PLC boosted its holdings in shares of NET Power by 16.0% in the fourth quarter. Barclays PLC now owns 32,351 shares of the company’s stock valued at $342,000 after buying an additional 4,468 shares during the period. Wells Fargo & Company MN boosted its holdings in NET Power by 29.5% during the fourth quarter. Wells Fargo & Company MN now owns 28,146 shares of the company’s stock worth $298,000 after purchasing an additional 6,415 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in NET Power during the fourth quarter worth $108,000. 53.62% of the stock is owned by institutional investors.

NET Power Price Performance

NYSE:NPWR opened at $1.59 on Friday. The firm’s 50 day simple moving average is $2.32 and its 200 day simple moving average is $7.09. NET Power Inc. has a one year low of $1.56 and a one year high of $14.28. The company has a market cap of $346.03 million, a PE ratio of -0.77 and a beta of 0.51.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Monday, May 12th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.44). Equities research analysts expect that NET Power Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NPWR shares. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays downgraded shares of NET Power from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $3.00 to $2.00 in a research note on Wednesday, April 23rd.

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.