Rockefeller Capital Management L.P. Boosts Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Rockefeller Capital Management L.P. grew its position in Sunrun Inc. (NASDAQ:RUN – Get Rating) by 64.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,750 shares of the energy company’s stock after acquiring an additional 74,061 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.09% of Sunrun worth $5,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RUN. PGGM Investments acquired a new stake in shares of Sunrun in the third quarter valued at about $14,672,000. Lisanti Capital Growth LLC acquired a new stake in Sunrun in the 3rd quarter valued at about $6,904,000. Oregon Public Employees Retirement Fund lifted its stake in Sunrun by 1.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 61,843 shares of the energy company’s stock worth $1,706,000 after purchasing an additional 737 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Sunrun during the 3rd quarter worth approximately $3,903,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of Sunrun in the third quarter valued at approximately $1,462,000. 86.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sunrun news, insider Jeanna Steele sold 849 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $31.31, for a total transaction of $26,582.19. Following the sale, the insider now owns 154,505 shares in the company, valued at approximately $4,837,551.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Edward Harris Fenster sold 5,880 shares of the business’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $26.70, for a total transaction of $156,996.00. Following the completion of the transaction, the insider now owns 1,564,870 shares in the company, valued at $41,782,029. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeanna Steele sold 849 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $31.31, for a total value of $26,582.19. Following the completion of the sale, the insider now owns 154,505 shares in the company, valued at $4,837,551.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 276,143 shares of company stock worth $7,387,001. Corporate insiders own 4.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets reduced their price objective on Sunrun from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Wolfe Research lowered Sunrun from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 20th. Morgan Stanley dropped their price objective on shares of Sunrun from $72.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. Wells Fargo & Company raised shares of Sunrun from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research note on Friday, January 6th. Finally, Guggenheim dropped their price target on shares of Sunrun from $59.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.53.

Sunrun Stock Up 2.0 %

Shares of RUN opened at $25.96 on Monday. 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 stock has a market capitalization of $5.53 billion, a PE ratio of 89.52 and a beta of 2.26. The company’s 50-day simple moving average is $28.05 and its 200-day simple moving average is $28.64. Sunrun Inc. has a 1 year low of $16.80 and a 1 year high of $39.13.

Sunrun (NASDAQ:RUN – Get Rating) last released its earnings results on Wednesday, November 2nd. The energy company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.97. The company had revenue of $631.91 million for the quarter, compared to analyst estimates of $542.20 million. Sunrun had a net margin of 3.35% and a return on equity of 1.23%. Analysts forecast that Sunrun Inc. will post 0.48 earnings per share for the current fiscal year.

Sunrun Company 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.