Vanguard Group Inc. Purchases 56,389 Shares of Sunrun Inc. $RUN

Vanguard Group Inc. increased its position in Sunrun Inc. (NASDAQ:RUN) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,249,559 shares of the energy company’s stock after acquiring an additional 56,389 shares during the quarter. Vanguard Group Inc. owned 0.10% of Sunrun worth $446,192,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RUN. Salomon & Ludwin LLC boosted its position in Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after buying an additional 558 shares during the period. Crestwood Advisors Group LLC raised its stake in shares of Sunrun by 1.9% during the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock valued at $608,000 after acquiring an additional 644 shares during the last quarter. Harvest Portfolios Group Inc. raised its stake in shares of Sunrun by 2.7% during the third quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company’s stock valued at $532,000 after acquiring an additional 800 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after purchasing an additional 885 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Sunrun by 5.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock worth $325,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of RUN opened at $13.46 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38. The firm’s fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $17.02. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.44. The stock has a market capitalization of $3.17 billion, a P/E ratio of 7.87 and a beta of 2.25.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.46. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $610.29 million. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The business’s quarterly revenue was up 123.5% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. As a group, analysts predict that Sunrun Inc. will post 0.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on RUN shares. Wall Street Zen downgraded Sunrun from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Zacks Research upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday. Loop Capital set a $12.00 price target on Sunrun in a research note on Tuesday, March 3rd. Oppenheimer raised their price objective on Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Sunrun from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $18.63.

Insider Buying and Selling at Sunrun

In other Sunrun news, insider Jeanna Steele sold 76,478 shares of Sunrun stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $1,013,333.50. Following the completion of the sale, the insider directly owned 384,538 shares in the company, valued at approximately $5,095,128.50. The trade was a 16.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $12.89, for a total value of $644,500.00. Following the transaction, the director owned 507,947 shares in the company, valued at $6,547,436.83. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 879,894 shares of company stock valued at $12,732,496 over the last ninety days. Insiders own 3.55% of the company’s stock.

Sunrun Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.