Healthcare of Ontario Pension Plan Trust Fund Has $1.99 Million Stock Holdings in Sunrun Inc. $RUN

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Sunrun Inc. (NASDAQ:RUN) by 70.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,537 shares of the energy company’s stock after selling 341,516 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sunrun were worth $1,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RUN. Dimensional Fund Advisors LP boosted its position in shares of Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after acquiring an additional 165,196 shares during the period. Invesco Ltd. increased its position in Sunrun by 26.6% during the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after acquiring an additional 1,231,628 shares during the period. Geode Capital Management LLC raised its stake in Sunrun by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock worth $104,220,000 after purchasing an additional 205,627 shares in the last quarter. Contour Asset Management LLC acquired a new stake in Sunrun in the 4th quarter worth about $98,010,000. Finally, Voloridge Investment Management LLC boosted its holdings in Sunrun by 47.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after purchasing an additional 1,100,666 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mary Powell sold 23,985 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the sale, the chief executive officer owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 9,897 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $130,541.43. Following the completion of the transaction, the insider directly owned 461,715 shares of the company’s stock, valued at approximately $6,090,020.85. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 173,045 shares of company stock worth $2,436,835 over the last 90 days. Insiders own 3.55% of the company’s stock.

Sunrun Stock Up 3.0%

Shares of RUN opened at $9.81 on Friday. The firm has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $14.41. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09. Sunrun Inc. has a one year low of $9.01 and a one year high of $22.44. The company has a market cap of $2.34 billion, a P/E ratio of 4.61 and a beta of 2.32.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.Sunrun’s revenue was up 43.2% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. Research analysts forecast that Sunrun Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 target price on shares of Sunrun in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price target on shares of Sunrun in a research note on Thursday, May 7th. Glj Research reissued a “sell” rating and set a $4.63 price target on shares of Sunrun in a research report on Friday, July 10th. Barclays lowered their price objective on Sunrun from $23.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, UBS Group dropped their price objective on Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.81.

Sunrun Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.