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

Williamson Legacy Group LLC acquired a new position in shares of Sunrun Inc. (NASDAQ:RUN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 60,871 shares of the energy company’s stock, valued at approximately $1,120,000.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after buying an additional 885 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares during the period. Sycomore Asset Management bought a new stake in shares of Sunrun during the 3rd quarter worth $28,000. Salomon & Ludwin LLC boosted its holdings in shares of 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. Finally, Optiver Holding B.V. bought a new stake in shares of Sunrun during the 3rd quarter worth $31,000. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Jeanna Steele sold 76,478 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.25, for a total value of $1,013,333.50. Following the completion of the transaction, the insider owned 384,538 shares in the company, valued at approximately $5,095,128.50. This represents a 16.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 193,002 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $2,557,276.50. Following the completion of the transaction, the chief executive officer owned 934,282 shares of the company’s stock, valued at approximately $12,379,236.50. This represents a 17.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 716,050 shares of company stock worth $9,463,809. Insiders own 3.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Loop Capital set a $12.00 price target on shares of Sunrun in a report on Tuesday, March 3rd. Jefferies Financial Group reduced their price target on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Mizuho reduced their price target on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, Zacks Research raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and a consensus target price of $18.48.

Sunrun Price Performance

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

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

Sunrun Company 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.