Sunrun Inc. $RUN Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in shares of Sunrun Inc. (NASDAQ:RUN) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,200 shares of the energy company’s stock after selling 6,404 shares during the period. Voya Investment Management LLC’s holdings in Sunrun were worth $347,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Focus Partners Wealth boosted its stake in Sunrun by 21.2% in the first quarter. Focus Partners Wealth now owns 12,702 shares of the energy company’s stock valued at $74,000 after acquiring an additional 2,226 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Sunrun by 14.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 760,758 shares of the energy company’s stock valued at $4,458,000 after acquiring an additional 98,547 shares in the last quarter. United Services Automobile Association acquired a new position in Sunrun in the first quarter valued at $87,000. Caxton Associates LLP acquired a new position in Sunrun in the first quarter valued at $2,045,000. Finally, Goldman Sachs Group Inc. boosted its stake in Sunrun by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after acquiring an additional 718,955 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity

In related news, CRO Paul S. Dickson sold 8,010 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.81, for a total transaction of $86,588.10. Following the completion of the transaction, the executive directly owned 679,044 shares of the company’s stock, valued at $7,340,465.64. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeanna Steele sold 17,417 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $16.25, for a total transaction of $283,026.25. Following the transaction, the insider directly owned 422,203 shares of the company’s stock, valued at $6,860,798.75. This represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,136 shares of company stock valued at $1,076,538 over the last ninety days. 3.37% of the stock is currently owned by company insiders.

Sunrun Trading Up 4.5%

NASDAQ RUN opened at $17.67 on Monday. The stock has a market capitalization of $4.08 billion, a P/E ratio of -1.52 and a beta of 2.21. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $19.45. The firm has a 50-day moving average price of $14.10 and a 200 day moving average price of $10.10. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $1.25. The firm had revenue of $569.34 million during the quarter, compared to analysts’ expectations of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on RUN. UBS Group upped their price objective on shares of Sunrun from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Glj Research upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Friday, August 15th. BNP Paribas Exane upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Monday, July 7th. Zacks Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Finally, The Goldman Sachs Group increased their target price on shares of Sunrun from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.94.

About Sunrun

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.