Sunrun Inc. (NASDAQ:RUN) Stock Position Lifted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its stake in Sunrun Inc. (NASDAQ:RUN) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,446 shares of the energy company’s stock after buying an additional 2,151 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Sunrun were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after buying an additional 691 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Sunrun by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after purchasing an additional 895 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Sunrun by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock valued at $1,837,000 after purchasing an additional 910 shares during the last quarter. &PARTNERS boosted its holdings in Sunrun by 1.6% in the second quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after purchasing an additional 1,019 shares in the last quarter. Finally, United Services Automobile Association increased its position in Sunrun by 6.3% during the second quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after buying an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Price Performance

NASDAQ:RUN opened at $18.50 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The company has a 50-day moving average of $18.73 and a 200-day moving average of $14.69. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.26. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of -2.77 and a beta of 2.59.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CFO Danny Abajian sold 4,662 shares of Sunrun stock in a transaction on Monday, July 8th. The stock was sold at an average price of $12.62, for a total transaction of $58,834.44. Following the completion of the transaction, the chief financial officer now directly owns 283,098 shares of the company’s stock, valued at $3,572,696.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Danny Abajian sold 4,662 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $58,834.44. Following the completion of the sale, the chief financial officer now owns 283,098 shares of the company’s stock, valued at $3,572,696.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeanna Steele sold 2,513 shares of Sunrun stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.61, for a total transaction of $31,688.93. Following the completion of the transaction, the insider now owns 312,774 shares of the company’s stock, valued at approximately $3,944,080.14. The disclosure for this sale can be found here. Insiders have sold 178,675 shares of company stock worth $3,253,289 over the last three months. Company insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer upped their price target on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays upped their target price on Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Susquehanna boosted their price objective on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research note on Monday, July 15th. Finally, Truist Financial reiterated a “hold” rating and issued a $18.00 target price (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

About Sunrun

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.