Sunrun Inc. $RUN Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in Sunrun Inc. (NASDAQ:RUN) by 7.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 104,234 shares of the energy company’s stock after selling 8,910 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sunrun were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RUN. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sunrun in the first quarter valued at $1,797,000. Cetera Investment Advisers lifted its holdings in Sunrun by 34.7% in the 1st quarter. Cetera Investment Advisers now owns 87,569 shares of the energy company’s stock valued at $513,000 after purchasing an additional 22,547 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Sunrun in the 1st quarter valued at about $134,000. US Bancorp DE boosted its stake in shares of Sunrun by 107.6% during the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock worth $60,000 after purchasing an additional 5,342 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Sunrun by 14.3% during the first quarter. National Bank of Canada FI now owns 29,374 shares of the energy company’s stock worth $172,000 after buying an additional 3,676 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Trading Up 3.1%

Shares of RUN opened at $19.23 on Thursday. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $22.44. The firm has a market capitalization of $4.46 billion, a P/E ratio of -1.66 and a beta of 2.35. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The stock’s fifty day simple moving average is $19.04 and its 200 day simple moving average is $13.90.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) earnings per share. On average, equities research analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Activity

In other news, CFO Danny Abajian sold 9,055 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.35, for a total value of $175,214.25. Following the completion of the sale, the chief financial officer owned 424,606 shares of the company’s stock, valued at $8,216,126.10. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Paul S. Dickson sold 12,493 shares of Sunrun stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $20.02, for a total transaction of $250,109.86. Following the transaction, the executive owned 647,600 shares in the company, valued at $12,964,952. The trade was a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 281,535 shares of company stock worth $5,427,779. Insiders own 3.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RUN shares. BMO Capital Markets set a $19.00 price objective on shares of Sunrun and gave the company a “market perform” rating in a research note on Wednesday, October 15th. Zacks Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Sunrun from $16.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group lifted their price target on Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.54.

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.