Dimensional Fund Advisors LP Has $61.25 Million Position in Sunrun Inc. (NASDAQ:RUN)

Dimensional Fund Advisors LP raised its position in Sunrun Inc. (NASDAQ:RUN - Free Report) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,621,303 shares of the energy company's stock after purchasing an additional 1,427,858 shares during the period. Dimensional Fund Advisors LP owned approximately 2.95% of Sunrun worth $61,252,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Sunrun during the 3rd quarter worth $482,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the third quarter worth about $44,000. Franklin Resources Inc. bought a new position in shares of Sunrun during the 3rd quarter valued at about $896,000. Principal Financial Group Inc. increased its stake in Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock worth $26,385,000 after purchasing an additional 367,835 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Sunrun during the 4th quarter worth approximately $94,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 9,942 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the sale, the insider now directly owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock worth $1,050,944 over the last three months. Insiders own 3.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RUN. Royal Bank of Canada lowered their price objective on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. TD Cowen lowered their target price on Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. cut their price target on Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Barclays decreased their price objective on Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Finally, BNP Paribas upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.92.

Sunrun Stock Performance

Shares of RUN stock opened at $7.19 on Friday. Sunrun Inc. has a 52 week low of $5.45 and a 52 week high of $22.26. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -3.95 and a beta of 2.74. The company has a 50-day simple moving average of $6.73 and a 200 day simple moving average of $9.32. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun 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.

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