NET Power Inc. (NYSE:NPWR) Stock Position Trimmed by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its position in NET Power Inc. (NYSE:NPWR) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,787 shares of the company’s stock after selling 29,102 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in NET Power were worth $1,311,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NPWR. Commonwealth Equity Services LLC bought a new stake in NET Power in the 2nd quarter valued at about $516,000. Osaic Holdings Inc. bought a new stake in NET Power in the 2nd quarter valued at about $195,000. PNC Financial Services Group Inc. bought a new stake in NET Power in the 2nd quarter valued at about $26,000. Royal Bank of Canada bought a new stake in NET Power in the 2nd quarter valued at about $32,000. Finally, Goldman Sachs Group Inc. bought a new stake in NET Power in the 2nd quarter valued at about $426,000. 53.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays started coverage on shares of NET Power in a research report on Wednesday. They issued an “equal weight” rating and a $13.00 price objective on the stock.

NET Power Price Performance

NET Power stock opened at $10.15 on Friday. The company’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $10.70. NET Power Inc. has a 52 week low of $7.55 and a 52 week high of $17.62.

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.