6,497 Shares in Sunrun Inc. (NASDAQ:RUN) Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp purchased a new position in shares of Sunrun Inc. (NASDAQ:RUNGet Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,497 shares of the energy company’s stock, valued at approximately $179,000.

Other hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in shares of Sunrun during the 2nd quarter worth approximately $31,000. CWM LLC grew its stake in shares of Sunrun by 92.0% during the 2nd quarter. CWM LLC now owns 1,622 shares of the energy company’s stock worth $38,000 after acquiring an additional 777 shares in the last quarter. Salem Investment Counselors Inc. grew its stake 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 worth $47,000 after acquiring an additional 1,500 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of Sunrun during the 2nd quarter worth approximately $61,000. Finally, Castleview Partners LLC grew its stake in shares of Sunrun by 2,235.6% during the 2nd quarter. Castleview Partners LLC now owns 2,032 shares of the energy company’s stock worth $87,000 after acquiring an additional 1,945 shares in the last quarter. 86.21% of the stock is owned by institutional investors.

Insider Transactions at Sunrun

In related news, insider Edward Harris Fenster sold 100,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $24.92, for a total value of $2,492,000.00. Following the transaction, the insider now owns 1,311,406 shares in the company, valued at $32,680,237.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lynn Michelle Jurich sold 75,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $26.17, for a total value of $1,962,750.00. Following the transaction, the director now owns 1,449,459 shares in the company, valued at $37,932,342.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Harris Fenster sold 100,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $24.92, for a total value of $2,492,000.00. Following the completion of the transaction, the insider now owns 1,311,406 shares in the company, valued at approximately $32,680,237.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 276,143 shares of company stock valued at $7,387,001. 4.29% of the stock is currently owned by corporate insiders.

Sunrun Stock Up 2.6 %

RUN opened at $27.80 on Tuesday. Sunrun Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.19 and a current ratio of 1.74. The company has a market capitalization of $5.92 billion, a P/E ratio of 95.87 and a beta of 2.26. The stock has a fifty day moving average of $28.08 and a 200-day moving average of $28.57.

Sunrun (NASDAQ:RUNGet Rating) last posted its earnings results on Wednesday, November 2nd. The energy company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.97. Sunrun had a return on equity of 1.23% and a net margin of 3.35%. The company had revenue of $631.91 million during the quarter, compared to the consensus estimate of $542.20 million. On average, equities analysts expect that Sunrun Inc. will post 0.47 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RUN. Northland Securities assumed coverage on shares of Sunrun in a research note on Wednesday, September 28th. They set an “outperform” rating and a $60.00 price target for the company. Morgan Stanley cut their price objective on Sunrun from $72.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. StockNews.com raised Sunrun to a “sell” rating in a report on Monday, December 19th. BMO Capital Markets cut their price objective on Sunrun from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Finally, Guggenheim cut their price objective on Sunrun from $59.00 to $41.00 and set a “buy” rating for the company in a report on Monday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.53.

Sunrun Profile

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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; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.

See Also

Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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