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

State of New Jersey Common Pension Fund D purchased a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 649,491 shares of the company’s stock, valued at approximately $4,436,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 acquiring an additional 202,100 shares during the last quarter. Rubric Capital Management LP lifted its holdings in shares of 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 acquiring an additional 200,000 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of ReNew Energy Global by 21.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 888,831 shares of the company’s stock valued at $5,591,000 after purchasing an additional 156,147 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of ReNew Energy Global during the 3rd quarter valued at approximately $11,585,000. Finally, The Manufacturers Life Insurance Company increased its position in ReNew Energy Global by 33.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company’s stock worth $7,033,000 after purchasing an additional 281,000 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors.

ReNew Energy Global Stock Performance

Shares of ReNew Energy Global stock opened at $6.45 on Thursday. The company’s 50 day moving average price is $6.76 and its two-hundred day moving average price is $6.21. The firm has a market capitalization of $2.34 billion, a P/E ratio of 107.52 and a beta of 0.89. ReNew Energy Global Plc has a fifty-two week low of $5.15 and a fifty-two week 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.

ReNew Energy Global (NASDAQ:RNW) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). ReNew Energy Global had a net margin of 2.70% and a return on equity of 2.16%. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. On average, equities analysts forecast that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.

ReNew Energy Global Company 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.