60,871 Shares in Sunrun Inc. $RUN Purchased by Williamson Legacy Group LLC

Williamson Legacy Group LLC bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 60,871 shares of the energy company’s stock, valued at approximately $1,120,000.

A number of other hedge funds have also made changes to their positions in RUN. Voloridge Investment Management LLC acquired a new stake in shares of Sunrun during the 3rd quarter worth about $40,193,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Sunrun by 132.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock worth $48,777,000 after purchasing an additional 1,609,803 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sunrun during the 3rd quarter worth about $21,427,000. Erste Asset Management GmbH increased its position in shares of Sunrun by 62.7% during the 3rd quarter. Erste Asset Management GmbH now owns 3,082,234 shares of the energy company’s stock worth $54,778,000 after purchasing an additional 1,188,092 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in shares of Sunrun during the 2nd quarter worth about $9,416,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RUN. Citigroup dropped their target price on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Oppenheimer increased their target price on shares of Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 target price on shares of Sunrun in a research report on Thursday, May 7th. TD Cowen lowered their price objective on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.48.

Sunrun Trading Up 0.2%

RUN opened at $14.65 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. The stock has a market capitalization of $3.49 billion, a PE ratio of 6.88 and a beta of 2.25. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $22.44. The firm has a 50-day moving average price of $13.22 and a two-hundred day moving average price of $16.39.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.67. The firm had revenue of $722.23 million during the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. As a group, equities analysts anticipate that Sunrun Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were 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 of the company’s stock, valued at approximately $6,547,436.83. This trade represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Maria Barak sold 8,039 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $13.67, for a total transaction of $109,893.13. Following the completion of the transaction, the chief accounting officer directly owned 72,963 shares in the company, valued at $997,404.21. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 716,050 shares of company stock worth $9,463,809. Corporate 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.