State of New Jersey Common Pension Fund D Acquires Shares of 649,491 ReNew Energy Global Plc (NASDAQ:RNW)

State of New Jersey Common Pension Fund D acquired a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 649,491 shares of the company’s stock, valued at approximately $4,436,000. State of New Jersey Common Pension Fund D owned 0.18% of ReNew Energy Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RNW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ReNew Energy Global by 40.6% during 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 worth $4,402,000 after acquiring an additional 202,100 shares during the period. Rubric Capital Management LP grew its position in shares of ReNew Energy Global by 1.5% during the 3rd 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. Kayne Anderson Capital Advisors LP increased its holdings in shares of ReNew Energy Global by 21.3% during the third quarter. Kayne Anderson Capital Advisors LP now owns 888,831 shares of the company’s stock worth $5,591,000 after purchasing an additional 156,147 shares during the period. Franklin Resources Inc. acquired a new stake in shares of ReNew Energy Global in the third quarter valued at approximately $11,585,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of ReNew Energy Global by 33.6% in the third quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company’s stock valued at $7,033,000 after buying an additional 281,000 shares during the period. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Trading Down 4.6 %

Shares of NASDAQ:RNW opened at $6.45 on Thursday. The business’s 50 day simple moving average is $6.76 and its 200 day simple moving average is $6.21. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.49. The company has a debt-to-equity ratio of 4.51, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market capitalization of $2.34 billion, a P/E ratio of 107.52 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW) last issued its quarterly 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 company 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 2.16% and a net margin of 2.70%. On average, research analysts anticipate that ReNew Energy Global Plc will post 0.15 EPS for the current fiscal year.

ReNew Energy Global Profile

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.