Morgan Stanley Acquires 47,731 Shares of Azure Power Global Ltd. (AZRE)
Morgan Stanley increased its stake in Azure Power Global Ltd. (NYSE:AZRE) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 652,261 shares of the energy company’s stock after buying an additional 47,731 shares during the period. Morgan Stanley’s holdings in Azure Power Global were worth $12,171,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC increased its stake in Azure Power Global by 303.7% in the first quarter. Essex Investment Management Co. LLC now owns 193,656 shares of the energy company’s stock valued at $3,614,000 after buying an additional 145,691 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Azure Power Global by 74.1% in the first quarter. Handelsbanken Fonder AB now owns 79,583 shares of the energy company’s stock worth $1,485,000 after buying an additional 33,883 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in shares of Azure Power Global during the first quarter worth $670,000. 45.44% of the stock is currently owned by hedge funds and other institutional investors.