Vanguard Group Inc. Has $219.68 Million Position in Sunrun Inc. (NASDAQ:RUN)

Vanguard Group Inc. grew its stake in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,749,115 shares of the energy company's stock after purchasing an additional 343,448 shares during the quarter. Vanguard Group Inc. owned about 10.59% of Sunrun worth $219,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. raised its position in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after acquiring an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun during the 3rd quarter worth about $44,000. Union Bancaire Privee UBP SA acquired a new position in shares of Sunrun during the 4th quarter worth about $56,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sunrun in the 4th quarter valued at about $94,000. Finally, Alterna Wealth Management Inc. acquired a new stake in Sunrun in the 4th quarter valued at about $96,000. Institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RUN shares. JPMorgan Chase & Co. dropped their price objective on Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, December 20th. Roth Capital set a $20.00 price target on Sunrun in a report on Friday, February 28th. Jefferies Financial Group downgraded shares of Sunrun from a "buy" rating to a "hold" rating and decreased their price objective for the company from $14.00 to $8.00 in a report on Wednesday, March 12th. Finally, Truist Financial restated a "hold" rating and set a $9.00 target price (down previously from $12.00) on shares of Sunrun in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.20.

Insider Buying and Selling at Sunrun

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

Sunrun Price Performance

RUN stock traded down $0.40 during mid-day trading on Thursday, hitting $6.03. The stock had a trading volume of 13,551,674 shares, compared to its average volume of 10,781,027. The firm has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $10.32. The firm has a market capitalization of $1.36 billion, a P/E ratio of -3.31 and a beta of 2.74. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26.

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.