Dimensional Fund Advisors LP Raises Stock Holdings in Sunrun Inc. $RUN

Dimensional Fund Advisors LP grew its position in Sunrun Inc. (NASDAQ:RUN) by 2.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 6,519,053 shares of the energy company’s stock after acquiring an additional 165,196 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sunrun were worth $88,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of RUN. Farther Finance Advisors LLC grew its position in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Sunrun in the 4th quarter valued at $27,000. Hantz Financial Services Inc. raised its position in Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Sunrun during the 4th quarter worth $30,000. Finally, Salomon & Ludwin LLC boosted its stake in Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after purchasing an additional 558 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on RUN shares. TD Cowen lowered their price objective on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. UBS Group decreased their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $17.00 price target on shares of Sunrun in a research report on Friday, May 8th. Zacks Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 target price on shares of Sunrun in a report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.81.

Insider Transactions at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 15,613 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the sale, the executive owned 839,539 shares of the company’s stock, valued at approximately $11,065,124.02. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 business’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 $130,541.43. Following the sale, the insider owned 461,715 shares in the company, valued at $6,090,020.85. The trade was a 2.10% decrease in their ownership of the stock. 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 a total of 223,045 shares of company stock valued at $3,081,335 in the last three months. Insiders own 3.55% of the company’s stock.

Sunrun Stock Performance

Shares of RUN stock opened at $9.47 on Thursday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 4.45 and a beta of 2.32. The stock has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $14.50. Sunrun Inc. has a 12-month low of $9.01 and a 12-month high of $22.44. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44.

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

Sunrun Company 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.