Wellington Management Group LLP Sells 179,300 Shares of NET Power Inc. $NPWR

Wellington Management Group LLP cut its holdings in shares of NET Power Inc. (NYSE:NPWR) by 25.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,889 shares of the company’s stock after selling 179,300 shares during the period. Wellington Management Group LLP owned approximately 0.24% of NET Power worth $1,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CenterBook Partners LP grew its position in NET Power by 1,655.5% in the 1st quarter. CenterBook Partners LP now owns 1,744,770 shares of the company’s stock worth $4,589,000 after purchasing an additional 1,645,380 shares in the last quarter. Northern Trust Corp grew its position in NET Power by 11.5% in the 4th quarter. Northern Trust Corp now owns 219,511 shares of the company’s stock worth $2,325,000 after purchasing an additional 22,604 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NET Power by 930.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company’s stock worth $1,505,000 after purchasing an additional 128,187 shares in the last quarter. XTX Topco Ltd grew its position in NET Power by 129.3% in the 1st quarter. XTX Topco Ltd now owns 138,198 shares of the company’s stock worth $363,000 after purchasing an additional 77,929 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NET Power in the 4th quarter worth about $1,264,000. 53.62% of the stock is owned by institutional investors.

NET Power Stock Performance

Shares of NPWR stock opened at $2.58 on Monday. NET Power Inc. has a 52-week low of $1.48 and a 52-week high of $14.28. The company has a 50-day simple moving average of $2.73 and a two-hundred day simple moving average of $2.99. The company has a market capitalization of $564.49 million, a price-to-earnings ratio of -1.09 and a beta of 0.71.

NET Power (NYSE:NPWR) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.24). On average, sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

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.