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Williams Jones Wealth Management LLC. Sells 41,693 Shares of Sunrun Inc. (NASDAQ:RUN)

Williams Jones Wealth Management LLC. reduced its holdings in shares of Sunrun Inc. (NASDAQ:RUNGet Rating) by 54.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,588 shares of the energy company’s stock after selling 41,693 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Sunrun were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Quaero Capital S.A. grew its stake in shares of Sunrun by 10.2% in the first quarter. Quaero Capital S.A. now owns 97,345 shares of the energy company’s stock valued at $2,956,000 after buying an additional 8,997 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Sunrun by 30.1% in the fourth quarter. Essex Investment Management Co. LLC now owns 282,151 shares of the energy company’s stock valued at $9,678,000 after buying an additional 65,269 shares in the last quarter. Canton Hathaway LLC grew its stake in shares of Sunrun by 9.1% in the first quarter. Canton Hathaway LLC now owns 12,000 shares of the energy company’s stock valued at $364,000 after buying an additional 1,000 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Sunrun by 41.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 374,790 shares of the energy company’s stock valued at $11,382,000 after buying an additional 108,965 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Sunrun by 14.5% in the first quarter. Swiss National Bank now owns 762,130 shares of the energy company’s stock valued at $23,146,000 after buying an additional 96,700 shares in the last quarter. 90.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on RUN shares. JPMorgan Chase & Co. lifted their price objective on shares of Sunrun from $52.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Wells Fargo & Company started coverage on shares of Sunrun in a research report on Wednesday, June 29th. They set an “equal weight” rating and a $27.00 price objective for the company. Piper Sandler lifted their price objective on shares of Sunrun from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Roth Capital reduced their price objective on shares of Sunrun from $42.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Finally, BMO Capital Markets lifted their price objective on shares of Sunrun from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.47.

Sunrun Stock Up 0.8 %

RUN stock opened at $38.45 on Monday. The company has a market cap of $8.16 billion, a PE ratio of -68.66 and a beta of 2.26. The business has a 50-day simple moving average of $30.36 and a 200 day simple moving average of $27.30. Sunrun Inc. has a 52 week low of $16.80 and a 52 week high of $60.60. The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 1.08.

Sunrun (NASDAQ:RUNGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The energy company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $584.58 million during the quarter, compared to the consensus estimate of $485.04 million. Sunrun had a negative return on equity of 1.39% and a negative net margin of 5.86%. Sell-side analysts anticipate that Sunrun Inc. will post -0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 1,458 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $22.62, for a total transaction of $32,979.96. Following the completion of the transaction, the insider now owns 159,095 shares of the company’s stock, valued at $3,598,728.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jeanna Steele sold 1,458 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $22.62, for a total transaction of $32,979.96. Following the sale, the insider now directly owns 159,095 shares in the company, valued at $3,598,728.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Harris Fenster sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the insider now owns 1,585,134 shares in the company, valued at $39,628,350. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,993 shares of company stock valued at $9,802,664. 4.29% of the stock is currently owned by corporate insiders.

Sunrun Company Profile

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Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

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