EP Wealth Advisors LLC Acquires 3,624 Shares of Sunrun Inc. (NASDAQ:RUN)

EP Wealth Advisors LLC boosted its holdings in Sunrun Inc. (NASDAQ:RUN) by 20.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,364 shares of the energy company’s stock after acquiring an additional 3,624 shares during the quarter. EP Wealth Advisors LLC’s holdings in Sunrun were worth $419,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RUN. C M Bidwell & Associates Ltd. lifted its position in Sunrun by 1,483.9% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after acquiring an additional 2,211 shares in the last quarter. Fifth Third Bancorp increased its stake in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after buying an additional 764 shares during the last quarter. Versant Capital Management Inc increased its stake in Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after buying an additional 1,127 shares during the last quarter. USCF Advisers LLC increased its stake in Sunrun by 130.0% in the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after buying an additional 1,300 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Sunrun by 41.9% in the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock valued at $62,000 after buying an additional 938 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on RUN shares. Susquehanna decreased their price objective on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, May 9th. BMO Capital Markets raised their price target on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Piper Sandler decreased their price target on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada decreased their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, Morgan Stanley raised their price target on shares of Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $21.47.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 14,945 shares of Sunrun stock in a transaction on Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $180,386.15. Following the sale, the executive now directly owns 283,772 shares of the company’s stock, valued at $3,425,128.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,143 shares of company stock valued at $4,897,079. Insiders own 3.76% of the company’s stock.

Sunrun Stock Down 0.6 %

Shares of NASDAQ:RUN opened at $12.64 on Wednesday. The firm has a fifty day moving average price of $12.19 and a two-hundred day moving average price of $13.65. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.31 and a quick ratio of 0.99. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -1.90 and a beta of 2.65.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. During the same period last year, the firm earned ($1.12) EPS. The business’s quarterly revenue was down 22.3% compared to the same quarter last year. Analysts anticipate that Sunrun Inc. will post -1.7 EPS for the current fiscal year.

About Sunrun

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.