Envestnet Asset Management Inc. grew its stake in shares of Sunrun Inc. (NASDAQ:RUN – Get Rating) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,612 shares of the energy company's stock after acquiring an additional 416 shares during the period. Envestnet Asset Management Inc.'s holdings in Sunrun were worth $949,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clearstead Advisors LLC lifted its stake in Sunrun by 743.6% during the first quarter. Clearstead Advisors LLC now owns 928 shares of the energy company's stock worth $28,000 after purchasing an additional 818 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Sunrun in the 1st quarter valued at about $32,000. Salem Investment Counselors Inc. grew its position in shares of Sunrun by 3,750.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company's stock valued at $47,000 after buying an additional 1,500 shares during the last quarter. CWM LLC raised its stake in Sunrun by 92.0% during the second quarter. CWM LLC now owns 1,622 shares of the energy company's stock worth $38,000 after acquiring an additional 777 shares during the period. Finally, Trust Co. of Vermont bought a new position in Sunrun in the second quarter worth about $61,000. Institutional investors own 90.85% of the company's stock.
Get Sunrun alerts:Insider Buying and Selling at Sunrun
In related news, insider Lynn Michelle Jurich sold 75,000 shares of the company's stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $37.63, for a total value of $2,822,250.00. Following the completion of the sale, the insider now owns 1,458,116 shares in the company, valued at approximately $54,868,905.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Lynn Michelle Jurich sold 75,000 shares of Sunrun stock in a transaction on Monday, September 12th. The stock was sold at an average price of $37.63, for a total transaction of $2,822,250.00. Following the transaction, the insider now owns 1,458,116 shares in the company, valued at $54,868,905.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanna Steele sold 835 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $37.35, for a total value of $31,187.25. Following the completion of the sale, the insider now directly owns 157,191 shares of the company's stock, valued at $5,871,083.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,327 shares of company stock valued at $7,313,106. 4.29% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts recently issued reports on RUN shares. Piper Sandler raised their price target on Sunrun from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, August 4th. Morgan Stanley lowered their price target on shares of Sunrun from $79.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, November 3rd. Royal Bank of Canada cut their price objective on shares of Sunrun from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, November 11th. StockNews.com upgraded shares of Sunrun to a "sell" rating in a research report on Friday, November 4th. Finally, BMO Capital Markets dropped their price target on shares of Sunrun from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.39.Sunrun Stock Up 1.8 %
NASDAQ RUN opened at $31.51 on Friday. Sunrun Inc. has a 12 month low of $16.80 and a 12 month high of $50.60. The company has a market capitalization of $6.71 billion, a P/E ratio of 108.66 and a beta of 2.10. The company's 50 day simple moving average is $26.95 and its 200 day simple moving average is $27.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.74 and a quick ratio of 1.19.
Sunrun (NASDAQ:RUN – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The energy company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.97. The company had revenue of $631.91 million for the quarter, compared to analysts' expectations of $542.20 million. Sunrun had a return on equity of 1.23% and a net margin of 3.35%. Equities research analysts expect that Sunrun Inc. will post 0.39 earnings per share for the current fiscal year.
Sunrun Company Profile
(Get Rating)
Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.
Featured Stories
- Get a free copy of the StockNews.com research report on Sunrun (RUN)
- Is the 60/40 Portfolio Mix Still in Vogue?
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Microsoft Shares: Is it Time to Back Up the Truck?
Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.