Northern Trust Corp raised its position in shares of Sunrun Inc. (NASDAQ:RUN) by 31.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 872,704 shares of the energy company’s stock after buying an additional 206,421 shares during the period. Northern Trust Corp owned about 0.83% of Sunrun worth $6,214,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Sunrun by 760.3% during the second quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock worth $133,000 after buying an additional 16,507 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Sunrun by 16.3% during the second quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock worth $141,000 after buying an additional 2,768 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of Sunrun by 144.8% during the first quarter. Tudor Investment Corp ET AL now owns 32,800 shares of the energy company’s stock worth $177,000 after buying an additional 19,400 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Sunrun by 15.0% during the second quarter. Oppenheimer & Co. Inc. now owns 34,093 shares of the energy company’s stock worth $243,000 after buying an additional 4,443 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in shares of Sunrun during the second quarter worth approximately $262,000. 74.89% of the stock is owned by institutional investors.
Several research firms have recently weighed in on RUN. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $10.00 price objective on shares of Sunrun in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Sunrun from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Bank of America Corporation began coverage on shares of Sunrun in a report on Monday, November 6th. They issued a “buy” rating for the company. BidaskClub raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, ValuEngine lowered shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus target price of $7.88.
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In other Sunrun news, insider Steven Vassallo sold 33,576 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $7.16, for a total value of $240,404.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 1,248,000 shares of company stock worth $24,960 and sold 138,576 shares worth $243,504. 24.13% of the stock is currently owned by company insiders.
Shares of Sunrun Inc. (NASDAQ RUN) opened at $6.17 on Wednesday. Sunrun Inc. has a fifty-two week low of $4.21 and a fifty-two week high of $7.78. The firm has a market cap of $648.20, a P/E ratio of 6.98 and a beta of -0.68. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.89.
Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. The firm had revenue of $141.29 million for the quarter, compared to analysts’ expectations of $146.56 million. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. research analysts expect that Sunrun Inc. will post 0.64 EPS for the current year.
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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