DekaBank Deutsche Girozentrale Has $597,000 Stake in Sunrun Inc. (NASDAQ:RUN)

DekaBank Deutsche Girozentrale trimmed its position in shares of Sunrun Inc. (NASDAQ:RUN) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,621 shares of the energy company’s stock after selling 2,415 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Sunrun were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Sunrun by 142.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after buying an additional 142,563 shares during the last quarter. Symmetry Investments LP acquired a new position in Sunrun during the second quarter worth $1,205,000. State of Alaska Department of Revenue increased its holdings in Sunrun by 466.2% during the first quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock worth $1,751,000 after buying an additional 109,411 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in Sunrun during the first quarter worth $171,000. Finally, Assenagon Asset Management S.A. increased its holdings in Sunrun by 207.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after buying an additional 927,947 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RUN shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Sunrun in a report on Wednesday, September 25th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Barclays decreased their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.47.

Sunrun Trading Up 2.1 %

RUN stock opened at $14.76 on Friday. Sunrun Inc. has a 52 week low of $8.82 and a 52 week high of $22.26. The company’s 50-day simple moving average is $17.33 and its 200 day simple moving average is $15.29. 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 market capitalization of $3.30 billion, a PE ratio of -2.32 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Sunrun’s revenue was down 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunrun Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the sale, the director now owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the transaction, the director now owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. This represents a 0.00 % 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. Also, CEO Mary Powell sold 2,148 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the transaction, the chief executive officer now directly owns 579,193 shares of the company’s stock, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,001 shares of company stock valued at $3,220,345 over the last quarter. 3.77% of the stock is owned by company insiders.

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.