Shelton Capital Management Grows Holdings in Sunrun Inc. (RUN)

Shelton Capital Management raised its stake in Sunrun Inc. (NASDAQ:RUN) by 54.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,000 shares of the energy company’s stock after buying an additional 39,000 shares during the quarter. Shelton Capital Management owned 0.10% of Sunrun worth $783,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RUN. Suntrust Banks Inc. acquired a new position in Sunrun in the 2nd quarter valued at approximately $112,000. Citigroup Inc. increased its stake in Sunrun by 760.3% in the 2nd quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock valued at $133,000 after buying an additional 16,507 shares during the period. Legal & General Group Plc increased its stake in Sunrun by 16.3% in the 2nd quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock valued at $141,000 after buying an additional 2,768 shares during the period. Tudor Investment Corp ET AL increased its stake in Sunrun by 144.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 32,800 shares of the energy company’s stock valued at $177,000 after buying an additional 19,400 shares during the period. Finally, ETRADE Capital Management LLC acquired a new position in Sunrun in the 2nd quarter valued at approximately $195,000. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Sunrun Inc. (NASDAQ RUN) opened at 5.58 on Friday. The firm has a market cap of $592.38 million, a price-to-earnings ratio of 7.16 and a beta of -0.71. The stock’s 50 day moving average is $6.01 and its 200 day moving average is $6.01. Sunrun Inc. has a 52 week low of $4.15 and a 52 week high of $7.34.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $137.85 million for the quarter, compared to analyst estimates of $143.35 million. Sunrun had a net margin of 17.65% and a return on equity of 8.76%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities research analysts expect that Sunrun Inc. will post $1.01 EPS for the current year.

In other news, Chairman Edward Harris Fenster sold 115,094 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the sale, the chairman now owns 2,371,439 shares of the company’s stock, valued at $16,173,213.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven Vassallo sold 33,576 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $7.16, for a total transaction of $240,404.16. The disclosure for this sale can be found here. Insiders own 24.13% of the company’s stock.

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Several research analysts have weighed in on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $8.00 price objective (up previously from $7.75) on shares of Sunrun in a research note on Thursday, August 10th. BidaskClub lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Barclays PLC increased their price target on shares of Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) set a $10.00 price target on shares of Sunrun and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $9.33.

Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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