MetLife Investment Management LLC Has $91,000 Stock Holdings in NET Power Inc. (NYSE:NPWR)

MetLife Investment Management LLC grew its holdings in NET Power Inc. (NYSE:NPWR) by 129.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,922 shares of the company’s stock after purchasing an additional 7,281 shares during the quarter. MetLife Investment Management LLC’s holdings in NET Power were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Encompass Capital Advisors LLC purchased a new stake in shares of NET Power in the second quarter worth approximately $20,537,000. Marshall Wace LLP raised its stake in shares of NET Power by 226.9% in the second quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after purchasing an additional 405,128 shares during the last quarter. Khrom Capital Management LLC raised its stake in shares of NET Power by 9.6% in the second quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock worth $4,331,000 after purchasing an additional 38,500 shares during the last quarter. S&CO Inc. grew its holdings in shares of NET Power by 25.3% in the third quarter. S&CO Inc. now owns 251,905 shares of the company’s stock valued at $1,765,000 after acquiring an additional 50,805 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NET Power by 24.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company’s stock valued at $1,716,000 after acquiring an additional 48,165 shares in the last quarter. 53.62% of the stock is owned by institutional investors and hedge funds.

NET Power Stock Performance

NYSE NPWR opened at $10.52 on Wednesday. The stock’s 50-day simple moving average is $9.83 and its two-hundred day simple moving average is $9.23. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $14.28.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. During the same period in the prior year, the firm earned ($0.44) EPS. Research analysts predict that NET Power Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Citigroup reduced their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, US Capital Advisors raised NET Power to a “strong-buy” rating in a report on Monday, October 28th.

Insider Buying and Selling at NET Power

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of NET Power stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $7.12, for a total value of $3,685,440.16. Following the completion of the sale, the insider now owns 199,369 shares of the company’s stock, valued at approximately $1,419,507.28. The trade was a 72.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash S. Patel sold 150,000 shares of NET Power stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.65, for a total transaction of $1,897,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,874,882 shares of company stock valued at $18,301,846. 2.71% of the stock is currently owned by corporate insiders.

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.