EP Wealth Advisors LLC Buys Shares of 146,517 Sunrun Inc. $RUN

EP Wealth Advisors LLC bought a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 146,517 shares of the energy company's stock, valued at approximately $1,960,000. EP Wealth Advisors LLC owned 0.06% of Sunrun at the end of the most recent quarter.

Several other large investors have also modified their holdings of RUN. Dimensional Fund Advisors LP lifted its holdings in shares of Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company's stock worth $88,375,000 after purchasing an additional 165,196 shares during the period. Invesco Ltd. increased its stake in Sunrun by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company's stock valued at $107,975,000 after buying an additional 1,231,628 shares during the period. Geode Capital Management LLC increased its stake in Sunrun by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company's stock valued at $104,220,000 after buying an additional 205,627 shares during the period. Contour Asset Management LLC purchased a new position in Sunrun during the 4th quarter worth $98,010,000. Finally, Voloridge Investment Management LLC raised its position in Sunrun by 47.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company's stock worth $63,025,000 after buying an additional 1,100,666 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research cut shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 2nd. TD Cowen dropped their price target on shares of Sunrun from $21.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price target on shares of Sunrun from $18.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Mizuho set a $18.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered Sunrun from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, July 28th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $16.81.

Sunrun Trading Down 2.1%

NASDAQ:RUN opened at $9.16 on Friday. Sunrun Inc. has a 1 year low of $8.61 and a 1 year high of $22.44. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The stock has a fifty day moving average price of $11.47 and a two-hundred day moving average price of $13.46. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 6.19 and a beta of 2.35.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same period in the previous year, the firm earned $1.07 EPS. The business's revenue was up 52.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Sunrun Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $9.96, for a total transaction of $498,000.00. Following the transaction, the director directly owned 367,405 shares in the company, valued at approximately $3,659,353.80. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Maria Barak sold 3,278 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $12.17, for a total transaction of $39,893.26. Following the completion of the transaction, the chief accounting officer directly owned 90,033 shares of the company's stock, valued at approximately $1,095,701.61. This trade represents a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 223,045 shares of company stock valued at $2,934,835. 3.55% of the stock is owned by company insiders.

Sunrun Profile

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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