Northwest & Ethical Investments L.P. Acquires 135,606 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Northwest & Ethical Investments L.P. raised its holdings in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,296,800 shares of the company’s stock after purchasing an additional 135,606 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.63% of ReNew Energy Global worth $15,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC bought a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $65,000. SG Americas Securities LLC bought a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $75,000. Quantbot Technologies LP raised its holdings in shares of ReNew Energy Global by 454.7% in the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock valued at $99,000 after acquiring an additional 12,942 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $107,000. Finally, Barclays PLC raised its holdings in shares of ReNew Energy Global by 382.5% in the third quarter. Barclays PLC now owns 26,381 shares of the company’s stock valued at $166,000 after acquiring an additional 20,913 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm decreased their price objective on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.

ReNew Energy Global Stock Performance

Shares of ReNew Energy Global stock opened at $6.26 on Thursday. The company has a market capitalization of $2.27 billion, a PE ratio of 125.20 and a beta of 0.89. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. The company has a 50-day simple moving average of $6.47 and a two-hundred day simple moving average of $6.28. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.49.

ReNew Energy Global (NASDAQ:RNW) last announced its earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. Research analysts expect that ReNew Energy Global Plc will post 0.15 EPS for the current fiscal 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.