State of Alaska Department of Revenue Decreases Holdings in Sunrun Inc. (NASDAQ:RUN)

State of Alaska Department of Revenue trimmed its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,467 shares of the energy company’s stock after selling 2,425 shares during the period. State of Alaska Department of Revenue’s holdings in Sunrun were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RUN. American Century Companies Inc. boosted its stake in Sunrun by 24.2% in the first quarter. American Century Companies Inc. now owns 13,754 shares of the energy company’s stock valued at $417,000 after acquiring an additional 2,679 shares during the last quarter. US Bancorp DE lifted its stake in Sunrun by 123.5% in the first quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock valued at $198,000 after purchasing an additional 3,611 shares during the last quarter. Private Advisor Group LLC grew its holdings in Sunrun by 37.1% during the first quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company’s stock valued at $601,000 after purchasing an additional 5,349 shares during the period. PNC Financial Services Group Inc. increased its position in Sunrun by 58.7% in the first quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company’s stock worth $329,000 after buying an additional 4,010 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Sunrun by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company’s stock valued at $2,304,000 after buying an additional 7,233 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sunrun

In other news, CRO Paul S. Dickson sold 10,412 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.12, for a total value of $126,193.44. Following the completion of the transaction, the executive now directly owns 298,717 shares in the company, valued at approximately $3,620,450.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jeanna Steele sold 8,187 shares of Sunrun stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total value of $99,144.57. Following the transaction, the insider now owns 239,724 shares in the company, valued at approximately $2,903,057.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Paul S. Dickson sold 10,412 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total transaction of $126,193.44. Following the sale, the executive now owns 298,717 shares of the company’s stock, valued at $3,620,450.04. The disclosure for this sale can be found here. Insiders have sold 128,840 shares of company stock worth $1,549,596 over the last 90 days. Corporate insiders own 3.76% of the company’s stock.

Sunrun Trading Down 1.8 %

Shares of RUN opened at $11.64 on Friday. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $23.85. The company has a market capitalization of $2.56 billion, a P/E ratio of -1.58 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. The firm’s 50 day simple moving average is $12.81 and its 200 day simple moving average is $13.22.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The company had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. Sell-side analysts forecast that Sunrun Inc. will post -1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RUN shares. BMO Capital Markets increased their price target on Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. KeyCorp reiterated a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. Janney Montgomery Scott cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. Mizuho lifted their price objective on shares of Sunrun from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada lowered their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and a consensus price target of $22.05.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains 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; and sells services to commercial developers through multi-family and new homes.