Lyell Wealth Management LP Acquires Shares of 12,400 Sunrun Inc. $RUN

Lyell Wealth Management LP acquired a new stake in Sunrun Inc. (NASDAQ:RUN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,400 shares of the energy company’s stock, valued at approximately $101,000.

Several other hedge funds also recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its position in Sunrun by 3.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 67,148 shares of the energy company’s stock valued at $549,000 after acquiring an additional 2,071 shares during the last quarter. MBL Wealth LLC bought a new position in Sunrun in the 2nd quarter valued at $101,000. PGGM Investments grew its position in Sunrun by 316.6% in the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after acquiring an additional 5,325,332 shares during the last quarter. Greenleaf Trust bought a new position in Sunrun in the 2nd quarter valued at $121,000. Finally, GC Wealth Management RIA LLC bought a new position in Sunrun in the 2nd quarter valued at $1,219,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Up 5.1%

Sunrun stock opened at $20.50 on Tuesday. The stock has a 50-day moving average of $16.96 and a two-hundred day moving average of $11.56. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44. The stock has a market cap of $4.73 billion, a PE ratio of -1.77 and a beta of 2.41.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The company had revenue of $569.34 million during the quarter, compared to analysts’ expectations of $555.42 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on RUN. Susquehanna upped their price objective on Sunrun from $13.00 to $23.00 and gave the company a “positive” rating in a research report on Monday, October 13th. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. Oppenheimer increased their price target on Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. KeyCorp raised Sunrun from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, July 8th. Finally, BMO Capital Markets set a $19.00 price target on Sunrun and gave the stock a “market perform” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.34.

Insider Transactions at Sunrun

In related news, Director Alan Ferber sold 10,927 shares of Sunrun stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the transaction, the director directly owned 54,947 shares in the company, valued at approximately $617,604.28. This trade represents a 16.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total value of $965,500.00. Following the transaction, the director owned 850,482 shares of the company’s stock, valued at approximately $16,422,807.42. This represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 266,956 shares of company stock valued at $4,931,665. 3.37% of the stock is owned by company insiders.

Sunrun Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.