Sunrun Inc (RUN) Holdings Cut by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC trimmed its stake in Sunrun Inc (NASDAQ:RUN) by 35.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,801 shares of the energy company’s stock after selling 23,597 shares during the period. MetLife Investment Advisors LLC’s holdings in Sunrun were worth $477,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its holdings in shares of Sunrun by 8.8% in the 3rd quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares in the last quarter. Vanguard Group Inc. boosted its stake in Sunrun by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock worth $95,351,000 after purchasing an additional 618,002 shares during the period. BlackRock Inc. boosted its stake in Sunrun by 4.8% during the 4th quarter. BlackRock Inc. now owns 6,725,927 shares of the energy company’s stock worth $73,246,000 after purchasing an additional 306,011 shares during the period. Neuberger Berman Group LLC boosted its stake in Sunrun by 881.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock worth $31,318,000 after purchasing an additional 2,260,933 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Sunrun by 201.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,525,543 shares of the energy company’s stock worth $16,612,000 after purchasing an additional 1,019,554 shares during the period. 84.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sunrun stock traded up $0.56 during mid-day trading on Friday, hitting $16.00. 1,167,751 shares of the stock were exchanged, compared to its average volume of 1,129,963. Sunrun Inc has a twelve month low of $8.81 and a twelve month high of $17.44. The stock has a market capitalization of $1.84 billion, a P/E ratio of 69.57, a P/E/G ratio of 0.93 and a beta of 0.58. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.24 and a quick ratio of 1.03.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, February 28th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.51). Sunrun had a return on equity of 2.09% and a net margin of 3.51%. The company had revenue of $240.12 million during the quarter, compared to analyst estimates of $177.45 million. As a group, analysts forecast that Sunrun Inc will post 1.37 EPS for the current year.

A number of equities analysts have commented on RUN shares. BidaskClub downgraded shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. TheStreet downgraded shares of Sunrun from a “b-” rating to a “c+” rating in a report on Friday, March 29th. Bank of America reiterated a “buy” rating and issued a $23.50 price target (up previously from $17.50) on shares of Sunrun in a report on Thursday, April 25th. Credit Suisse Group set a $24.00 price target on shares of Sunrun and gave the company a “buy” rating in a report on Friday, March 1st. Finally, ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus target price of $18.64.

In related news, General Counsel Jeanna Steele sold 4,657 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total value of $67,899.06. Following the transaction, the general counsel now owns 112,812 shares in the company, valued at $1,644,798.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward Harris Fenster sold 3,510 shares of Sunrun stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $17.01, for a total transaction of $59,705.10. Following the sale, the chairman now owns 2,460,681 shares in the company, valued at approximately $41,856,183.81. The disclosure for this sale can be found here. Insiders sold 631,278 shares of company stock worth $10,032,674 over the last three months. Corporate insiders own 9.34% of the company’s stock.

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Sunrun Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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