State Street Corp Cuts Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

State Street Corp trimmed its position in ReNew Energy Global Plc (NASDAQ:RNW) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,304,268 shares of the company’s stock after selling 109,472 shares during the period. State Street Corp owned approximately 0.36% of ReNew Energy Global worth $8,204,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RNW. Picton Mahoney Asset Management boosted its holdings in ReNew Energy Global by 8.8% in the 2nd quarter. Picton Mahoney Asset Management now owns 1,257,967 shares of the company’s stock valued at $7,850,000 after purchasing an additional 102,193 shares in the last quarter. Victory Capital Management Inc. grew its holdings in ReNew Energy Global by 805.4% during the second quarter. Victory Capital Management Inc. now owns 156,549 shares of the company’s stock worth $977,000 after acquiring an additional 139,259 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in ReNew Energy Global by 11.9% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,669,321 shares of the company’s stock worth $35,377,000 after acquiring an additional 600,850 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in ReNew Energy Global by 50.9% in the second quarter. Renaissance Technologies LLC now owns 34,100 shares of the company’s stock valued at $213,000 after acquiring an additional 11,500 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of ReNew Energy Global by 12.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company’s stock worth $95,000 after purchasing an additional 1,709 shares in the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 26th.

ReNew Energy Global Stock Performance

NASDAQ RNW opened at $6.82 on Friday. The business has a 50 day moving average price of $6.11 and a 200 day moving average price of $6.03. The company has a market capitalization of $2.47 billion, a P/E ratio of 113.69 and a beta of 0.96. ReNew Energy Global Plc has a 1-year low of $5.15 and a 1-year high of $7.79. The company has a debt-to-equity ratio of 4.51, a current ratio of 0.65 and a quick ratio of 0.64.

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.