Parametric Portfolio Associates LLC bought a new position in Sunrun Inc. (NASDAQ:RUN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 84,750 shares of the energy company’s stock, valued at approximately $458,000. Parametric Portfolio Associates LLC owned 0.08% of Sunrun as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in RUN. State Street Corp increased its stake in Sunrun by 12.3% in the fourth quarter. State Street Corp now owns 1,033,026 shares of the energy company’s stock worth $5,485,000 after buying an additional 113,016 shares during the period. DnB Asset Management AS increased its stake in Sunrun by 8.4% in the first quarter. DnB Asset Management AS now owns 4,746,526 shares of the energy company’s stock worth $25,631,000 after buying an additional 367,911 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Sunrun during the first quarter worth about $653,000. Wells Fargo & Company MN increased its position in shares of Sunrun by 108.9% in the first quarter. Wells Fargo & Company MN now owns 281,450 shares of the energy company’s stock worth $1,519,000 after buying an additional 146,733 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Sunrun by 11.1% in the first quarter. Bank of New York Mellon Corp now owns 377,406 shares of the energy company’s stock worth $2,038,000 after buying an additional 37,857 shares during the last quarter. 71.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Sunrun Inc. (NASDAQ:RUN) opened at 6.85 on Friday. The stock has a 50 day moving average price of $7.10 and a 200-day moving average price of $5.82. Sunrun Inc. has a 52-week low of $4.15 and a 52-week high of $7.64. The stock has a market capitalization of $727.20 million, a PE ratio of 8.79 and a beta of -0.69.
Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $137.85 million during the quarter, compared to analysts’ expectations of $143.35 million. Sunrun had a return on equity of 8.76% and a net margin of 17.65%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, equities research analysts anticipate that Sunrun Inc. will post $1.01 EPS for the current fiscal year.
A number of research analysts have issued reports on RUN shares. Zacks Investment Research downgraded Sunrun from a “hold” rating to a “sell” rating in a report on Friday, May 12th. ValuEngine raised Sunrun from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. BidaskClub downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a $10.00 price target on Sunrun and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Barclays PLC boosted their price target on Sunrun from $6.00 to $8.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Sunrun presently has an average rating of “Buy” and an average price target of $9.24.
In related news, Chairman Edward Harris Fenster sold 115,094 shares of Sunrun stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $6.82, for a total transaction of $784,941.08. Following the completion of the transaction, the chairman now directly owns 2,371,439 shares of the company’s stock, valued at $16,173,213.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 24.13% of the stock is owned by company insiders.
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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