Ballentine Partners LLC Boosts Holdings in ReNew Energy Global PLC $RNW

Key Points

• Ballentine Partners LLC increased its holdings in ReNew Energy Global PLC by 363.3% during Q2, now owning 127,083 shares valued at approximately $878,000.
• Several other institutional investors have also boosted their positions in ReNew Energy, with Parallel Advisors LLC raising its stake by 766.0% during the same period.
• ReNew Energy Global reported an earnings per share (EPS) of $0.16, which exceeds the consensus estimate by $0.05, with a substantial revenue of $480.35 million for the quarter.

Ballentine Partners LLC grew its position in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 363.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 127,083 shares of the company's stock after buying an additional 99,654 shares during the quarter. Ballentine Partners LLC's holdings in ReNew Energy Global were worth $878,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of ReNew Energy Global during the fourth quarter worth about $25,000. Signaturefd LLC increased its position in ReNew Energy Global by 81.6% during the 1st quarter. Signaturefd LLC now owns 17,245 shares of the company's stock worth $102,000 after purchasing an additional 7,749 shares during the period. Parallel Advisors LLC raised its stake in shares of ReNew Energy Global by 766.0% during the 2nd quarter. Parallel Advisors LLC now owns 11,041 shares of the company's stock worth $76,000 after buying an additional 9,766 shares in the last quarter. Abacus Wealth Partners LLC acquired a new stake in shares of ReNew Energy Global in the 2nd quarter valued at approximately $85,000. Finally, Bank of America Corp DE lifted its holdings in shares of ReNew Energy Global by 722.2% in the 4th quarter. Bank of America Corp DE now owns 15,621 shares of the company's stock valued at $107,000 after buying an additional 13,721 shares during the period. Hedge funds and other institutional investors own 43.56% of the company's stock.

ReNew Energy Global Trading Down 0.6%

Shares of RNW stock opened at $7.66 on Friday. The business's fifty day moving average price is $7.65 and its 200 day moving average price is $6.95. The firm has a market capitalization of $2.78 billion, a PE ratio of 23.94 and a beta of 0.89. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.77 and a quick ratio of 0.73. ReNew Energy Global PLC has a 1-year low of $5.15 and a 1-year high of $7.93.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $480.35 million for the quarter, compared to analyst estimates of $32.46 billion. ReNew Energy Global had a net margin of 5.77% and a return on equity of 8.34%. As a group, sell-side analysts forecast 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.

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