DAVENPORT & Co LLC Purchases 36,494 Shares of Sunrun Inc (RUN)

DAVENPORT & Co LLC raised its stake in shares of Sunrun Inc (NASDAQ:RUN) by 53.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,441 shares of the energy company’s stock after acquiring an additional 36,494 shares during the period. DAVENPORT & Co LLC owned approximately 0.09% of Sunrun worth $1,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rehmann Capital Advisory Group lifted its position in shares of Sunrun by 1,143.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 10,163 shares of the energy company’s stock worth $817,000 after buying an additional 9,346 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sunrun by 230.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock worth $6,295,000 after buying an additional 352,702 shares during the last quarter. Vanguard Group Inc lifted its position in shares of 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 buying an additional 618,002 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 618,002 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in shares of Sunrun by 53.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 67,398 shares of the energy company’s stock worth $838,000 after buying an additional 23,597 shares during the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Bank of America restated a “buy” rating and set a $23.50 price objective (up previously from $17.50) on shares of Sunrun in a research report on Thursday, April 25th. Credit Suisse Group set a $24.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a research report on Friday, March 1st. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Finally, TheStreet cut shares of Sunrun from a “b-” rating to a “c+” rating in a report on Friday, March 29th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Sunrun currently has a consensus rating of “Buy” and an average target price of $18.64.

Shares of RUN opened at $15.53 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.03 and a current ratio of 1.24. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 67.52, a PEG ratio of 0.97 and a beta of 0.58. Sunrun Inc has a 1 year low of $8.81 and a 1 year high of $17.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.43). The firm had revenue of $194.50 million during the quarter, compared to analyst estimates of $152.90 million. Sunrun had a net margin of 3.51% and a return on equity of 2.09%. As a group, equities research analysts expect that Sunrun Inc will post 1.37 EPS for the current year.

In related news, CEO Lynn Michelle Jurich sold 68,532 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $15.00, for a total value of $1,027,980.00. Following the sale, the chief executive officer now directly owns 3,033,581 shares in the company, valued at approximately $45,503,715. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Vassallo sold 33,945 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $15.04, for a total transaction of $510,532.80. Following the completion of the sale, the director now owns 39,810 shares in the company, valued at $598,742.40. The disclosure for this sale can be found here. Insiders sold a total of 631,278 shares of company stock worth $10,032,674 over the last three months. 9.34% of the stock is currently owned by corporate insiders.

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About Sunrun

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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