Vanguard Group Inc. Has $446.19 Million Holdings in Sunrun Inc. $RUN

Vanguard Group Inc. boosted its holdings in Sunrun Inc. (NASDAQ:RUN) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,249,559 shares of the energy company’s stock after purchasing an additional 56,389 shares during the quarter. Vanguard Group Inc. owned 10.45% of Sunrun worth $446,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Salomon & Ludwin LLC raised its position in shares of Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in Sunrun by 1.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after acquiring an additional 644 shares during the period. Harvest Portfolios Group Inc. raised its holdings in Sunrun by 2.7% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC lifted its position 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 valued at $27,000 after acquiring an additional 885 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Sunrun by 5.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 76,478 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 384,538 shares in the company, valued at $5,095,128.50. This trade represents a 16.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Edward Harris Fenster sold 163,844 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the sale, the director directly owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. The trade was a 9.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 879,894 shares of company stock worth $12,732,496 over the last 90 days. Insiders own 3.55% of the company’s stock.

Sunrun Stock Performance

Sunrun stock opened at $13.46 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. The stock has a market cap of $3.17 billion, a PE ratio of 7.87 and a beta of 2.25. Sunrun Inc. has a 12-month low of $5.38 and a 12-month high of $22.44. The business’s 50-day moving average price is $13.25 and its two-hundred day moving average price is $17.02.

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

Analysts Set New Price Targets

RUN has been the subject of a number of analyst reports. Weiss Ratings raised Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Barclays dropped their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. UBS Group cut their price target on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Freedom Capital lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Sunrun from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.63.

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.