American Century Companies Inc. Acquires 112,402 Shares of Sunrun Inc. (NASDAQ:RUN)

American Century Companies Inc. raised its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 240.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,189 shares of the energy company's stock after purchasing an additional 112,402 shares during the quarter. American Century Companies Inc. owned about 0.07% of Sunrun worth $1,472,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Sunrun by 0.6% during the third quarter. State Street Corp now owns 9,159,711 shares of the energy company's stock worth $165,424,000 after purchasing an additional 54,329 shares in the last quarter. Geode Capital Management LLC grew its position in Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company's stock valued at $96,019,000 after acquiring an additional 30,549 shares in the last quarter. Erste Asset Management GmbH lifted its position in shares of Sunrun by 16.3% during the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company's stock worth $47,302,000 after purchasing an additional 672,049 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Sunrun by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after buying an additional 155,311 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun during the fourth quarter worth about $18,500,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

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Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 19,343 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the sale, the executive now directly owns 399,729 shares of the company's stock, valued at $2,694,173.46. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary Powell sold 31,197 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now owns 534,615 shares in the company, valued at $3,603,305.10. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 188,540 shares of company stock valued at $1,530,444 over the last three months. 3.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RUN. Royal Bank of Canada dropped their price target on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. BMO Capital Markets reduced their target price on Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective for the company in a report on Tuesday, January 7th. Truist Financial restated a "hold" rating and issued a $9.00 price target (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. Finally, Wells Fargo & Company decreased their target price on Sunrun from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has an average rating of "Moderate Buy" and an average price target of $16.58.

Sunrun Price Performance

Shares of RUN traded up $0.29 during trading hours on Tuesday, hitting $7.11. 1,640,056 shares of the company were exchanged, compared to its average volume of 10,737,679. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market capitalization of $1.61 billion, a PE ratio of -3.92 and a beta of 2.74. Sunrun Inc. has a one year low of $5.45 and a one year high of $22.26. The firm has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $10.10.

Sunrun Company Profile

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.