Northwest & Ethical Investments L.P. Grows Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Northwest & Ethical Investments L.P. boosted its position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,296,800 shares of the company's stock after buying an additional 135,606 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.63% of ReNew Energy Global worth $15,687,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of ReNew Energy Global by 33.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company's stock worth $7,033,000 after acquiring an additional 281,000 shares in the last quarter. Quantbot Technologies LP grew its stake in ReNew Energy Global by 454.7% during the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company's stock worth $99,000 after purchasing an additional 12,942 shares during the period. Rubric Capital Management LP increased its holdings in ReNew Energy Global by 1.5% in the third quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company's stock worth $86,211,000 after purchasing an additional 200,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in ReNew Energy Global by 4.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 281,126 shares of the company's stock valued at $1,768,000 after buying an additional 11,639 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ReNew Energy Global by 40.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company's stock valued at $4,402,000 after buying an additional 202,100 shares during the period. Institutional investors own 43.56% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Separately, Roth Mkm dropped their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Friday, February 21st.

ReNew Energy Global Stock Up 0.2 %

ReNew Energy Global stock traded up $0.01 during trading on Monday, hitting $6.19. 293,478 shares of the company were exchanged, compared to its average volume of 1,023,251. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. The company has a market capitalization of $2.24 billion, a P/E ratio of 123.80 and a beta of 0.89. The business's 50 day moving average is $6.44 and its 200 day moving average is $6.29. ReNew Energy Global Plc has a 52 week low of $5.15 and a 52 week high of $7.49.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The business had revenue of $248.00 million during the quarter, compared to analysts' expectations of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. Analysts predict that ReNew Energy Global Plc will post 0.15 earnings per share for the current year.

About ReNew Energy Global

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.