United Services Automobile Association Has $630,000 Position in Sunrun Inc. (NASDAQ:RUN)

United Services Automobile Association raised its stake in shares of Sunrun Inc. (NASDAQ:RUN – Get Rating) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,834 shares of the energy company’s stock after buying an additional 690 shares during the period. United Services Automobile Association’s holdings in Sunrun were worth $630,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in shares of Sunrun by 24.2% in the 1st quarter. American Century Companies Inc. now owns 13,754 shares of the energy company’s stock valued at $417,000 after purchasing an additional 2,679 shares during the last quarter. US Bancorp DE raised its holdings in Sunrun by 123.5% in the 1st quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock worth $198,000 after acquiring an additional 3,611 shares during the period. Private Advisor Group LLC raised its holdings in Sunrun by 37.1% in the 1st quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company’s stock worth $601,000 after acquiring an additional 5,349 shares during the period. PNC Financial Services Group Inc. raised its holdings in Sunrun by 58.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company’s stock worth $329,000 after acquiring an additional 4,010 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Sunrun by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company’s stock worth $2,304,000 after acquiring an additional 7,233 shares during the period. Institutional investors and hedge funds own 86.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RUN. Oppenheimer dropped their target price on shares of Sunrun from $70.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. Truist Financial dropped their price objective on shares of Sunrun from $52.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st. Morgan Stanley dropped their price objective on shares of Sunrun from $72.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sunrun from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Finally, Barclays cut shares of Sunrun from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $44.00 to $35.00 in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.89.

Insider Activity at Sunrun

In other Sunrun news, CAO Michelle Philpot sold 1,512 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $25.51, for a total value of $38,571.12. Following the completion of the sale, the chief accounting officer now owns 35,418 shares of the company’s stock, valued at $903,513.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Michelle Philpot sold 1,512 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $25.51, for a total transaction of $38,571.12. Following the completion of the sale, the chief accounting officer now owns 35,418 shares of the company’s stock, valued at $903,513.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 1,400 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $23.73, for a total transaction of $33,222.00. Following the sale, the chief executive officer now directly owns 187,894 shares of the company’s stock, valued at approximately $4,458,724.62. The disclosure for this sale can be found here. Insiders have sold 272,804 shares of company stock worth $6,838,822 over the last ninety days. Company insiders own 4.29% of the company’s stock.

Sunrun Trading Down 4.3 %

Shares of NASDAQ RUN opened at $20.35 on Wednesday. The company’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $27.32. Sunrun Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.13. The firm has a market capitalization of $4.36 billion, a P/E ratio of 26.43 and a beta of 2.30. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.82 and a quick ratio of 1.14.

Sunrun (NASDAQ:RUN – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The energy company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.26. Sunrun had a net margin of 7.47% and a return on equity of 2.37%. The business had revenue of $609.20 million for the quarter, compared to analyst estimates of $588.89 million. During the same period in the prior year, the business posted ($0.11) earnings per share. Sunrun’s revenue was up 40.0% compared to the same quarter last year. On average, analysts predict that Sunrun Inc. will post -0.18 EPS for the current year.

Sunrun Profile

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Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.