Stonnington Group LLC bought a new position in Sunrun Inc. (NASDAQ:RUN – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,500 shares of the energy company’s stock, valued at approximately $390,000.
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A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Sunrun by 24.2% in the 1st quarter. American Century Companies Inc. now owns 13,754 shares of the energy company’s stock valued at $417,000 after purchasing an additional 2,679 shares in the last quarter. US Bancorp DE boosted its position in Sunrun by 123.5% during the first quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock valued at $198,000 after buying an additional 3,611 shares during the period. Private Advisor Group LLC grew its stake in shares of Sunrun by 37.1% during the first quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company’s stock valued at $601,000 after buying an additional 5,349 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Sunrun by 58.7% during the first quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company’s stock valued at $329,000 after buying an additional 4,010 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sunrun by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company’s stock worth $2,304,000 after buying an additional 7,233 shares during the period. 86.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on RUN. Deutsche Bank Aktiengesellschaft dropped their target price on Sunrun from $36.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 24th. Barclays lowered shares of Sunrun from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $44.00 to $35.00 in a report on Wednesday, January 25th. Truist Financial lowered their price objective on shares of Sunrun from $52.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, February 21st. Morgan Stanley cut their target price on Sunrun from $72.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.89.
Sunrun Stock Down 8.9 %
Shares of NASDAQ:RUN opened at $17.32 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $24.49 and a two-hundred day simple moving average of $26.93. Sunrun Inc. has a 12-month low of $16.69 and a 12-month high of $39.13. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 22.49 and a beta of 2.30.
Sunrun (NASDAQ:RUN – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The energy company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.26. The firm had revenue of $609.20 million during the quarter, compared to analyst estimates of $588.89 million. Sunrun had a return on equity of 2.37% and a net margin of 7.47%. Sunrun’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, research analysts anticipate that Sunrun Inc. will post -0.18 earnings per share for the current fiscal year.
Insider Activity
In related news, CRO Paul S. Dickson sold 15,041 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $25.51, for a total value of $383,695.91. Following the completion of the transaction, the executive now directly owns 177,730 shares in the company, valued at approximately $4,533,892.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CRO Paul S. Dickson sold 15,041 shares of Sunrun stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $25.51, for a total value of $383,695.91. Following the completion of the sale, the executive now directly owns 177,730 shares in the company, valued at approximately $4,533,892.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 2,986 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $17.70, for a total transaction of $52,852.20. Following the transaction, the director now owns 1,411,220 shares in the company, valued at approximately $24,978,594. The disclosure for this sale can be found here. Insiders have sold a total of 270,388 shares of company stock worth $6,662,136 over the last 90 days. 4.29% of the stock is currently owned by insiders.
Sunrun Company Profile
Sunrun, Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.
See Also
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