144,305 Shares in Sunrun Inc. $RUN Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D purchased a new stake in Sunrun Inc. (NASDAQ:RUN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 144,305 shares of the energy company’s stock, valued at approximately $2,495,000. State of New Jersey Common Pension Fund D owned 0.06% of Sunrun as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. bought a new position in Sunrun during the 3rd quarter worth $49,000. Smartleaf Asset Management LLC lifted its stake in shares of Sunrun by 181.0% in the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,660 shares during the period. Spire Wealth Management boosted its holdings in Sunrun by 960.0% in the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock valued at $43,000 after acquiring an additional 4,800 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Sunrun by 87.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock valued at $47,000 after purchasing an additional 2,700 shares during the period. Finally, Strs Ohio bought a new position in Sunrun during the 3rd quarter worth approximately $118,000. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 8,754 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total transaction of $155,821.20. Following the transaction, the chief executive officer owned 864,946 shares in the company, valued at approximately $15,396,038.80. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Maria Barak sold 1,630 shares of Sunrun stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $18.55, for a total transaction of $30,236.50. Following the transaction, the chief accounting officer owned 85,643 shares of the company’s stock, valued at $1,588,677.65. This represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 518,800 shares of company stock worth $9,903,520 in the last ninety days. 3.37% of the stock is currently owned by corporate insiders.

Sunrun Trading Up 1.2%

Shares of Sunrun stock opened at $20.28 on Friday. The stock has a market capitalization of $4.71 billion, a PE ratio of -1.81 and a beta of 2.36. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The stock has a 50 day moving average price of $19.02 and a two-hundred day moving average price of $18.09. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Sunrun in a research note on Monday, January 12th. They set a “market perform” rating for the company. Guggenheim raised Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sunrun in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft set a $19.00 target price on Sunrun in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company increased their price target on Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.99.

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.