Northern Trust Corp Has $2.33 Million Holdings in NET Power Inc. (NYSE:NPWR)

Northern Trust Corp increased its stake in NET Power Inc. (NYSE:NPWR) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,511 shares of the company’s stock after buying an additional 22,604 shares during the quarter. Northern Trust Corp owned approximately 0.10% of NET Power worth $2,325,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Covestor Ltd acquired a new stake in shares of NET Power in the 4th quarter valued at approximately $43,000. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power in the 4th quarter valued at approximately $108,000. National Bank of Canada FI boosted its holdings in shares of NET Power by 2,727.0% in 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 last quarter. Fox Run Management L.L.C. acquired a new stake in shares of NET Power in the 4th quarter valued at approximately $137,000. Finally, Mariner LLC acquired a new stake in shares of NET Power in the 4th quarter valued at approximately $139,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power Price Performance

NPWR stock opened at $1.59 on Monday. The company has a fifty day moving average price of $2.13 and a two-hundred day moving average price of $6.75. NET Power Inc. has a one year low of $1.48 and a one year high of $14.28. The stock has a market cap of $347.22 million, a price-to-earnings ratio of -0.77 and a beta of 0.51.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.44). Research analysts anticipate that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on NPWR shares. Barclays downgraded NET Power from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $3.00 to $2.00 in a report on Wednesday, April 23rd. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and reduced their price objective for the stock 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.