Bank of New York Mellon Corp decreased its holdings in Sunrun Inc (NASDAQ:RUN) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 431,222 shares of the energy company’s stock after selling 253,111 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.39% of Sunrun worth $4,696,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Rehmann Capital Advisory Group raised its holdings in shares of Sunrun by 1,143.9% during the third quarter. Rehmann Capital Advisory Group now owns 10,163 shares of the energy company’s stock valued at $817,000 after purchasing an additional 9,346 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sunrun by 230.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock valued at $6,295,000 after acquiring an additional 352,702 shares during the period. Vanguard Group Inc grew its position in shares of Sunrun by 8.8% during the 3rd quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after acquiring an additional 618,002 shares during the period. Vanguard Group Inc. grew its position in shares of Sunrun by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after acquiring an additional 618,002 shares during the period. Finally, MetLife Investment Advisors LLC grew its position in shares of Sunrun by 53.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 67,398 shares of the energy company’s stock valued at $838,000 after acquiring an additional 23,597 shares during the period. 85.56% of the stock is currently owned by institutional investors.

NASDAQ RUN opened at $15.62 on Tuesday. Sunrun Inc has a 1 year low of $8.43 and a 1 year high of $17.09. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.03 and a current ratio of 1.24. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 67.91, a PEG ratio of 0.64 and a beta of 0.55.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, February 28th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.51). Sunrun had a return on equity of 2.09% and a net margin of 3.51%. The firm had revenue of $240.12 million during the quarter, compared to analysts’ expectations of $177.45 million. As a group, research analysts forecast that Sunrun Inc will post 1.18 EPS for the current fiscal year.

In related news, General Counsel Jeanna Steele sold 4,657 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total transaction of $67,899.06. Following the transaction, the general counsel now owns 112,812 shares of the company’s stock, valued at approximately $1,644,798.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lynn Michelle Jurich sold 68,532 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $15.00, for a total transaction of $1,027,980.00. Following the transaction, the chief executive officer now directly owns 3,033,581 shares in the company, valued at approximately $45,503,715. The disclosure for this sale can be found here. Insiders sold a total of 578,290 shares of company stock worth $9,129,864 over the last quarter. Corporate insiders own 19.45% of the company’s stock.

A number of research analysts have recently weighed in on the stock. TheStreet downgraded shares of Sunrun from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, March 6th. BidaskClub raised shares of Sunrun from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Credit Suisse Group set a $24.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.64.

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Sunrun Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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