Envestnet Asset Management Inc. Has $949,000 Holdings in Sunrun Inc. (NASDAQ:RUN)

Envestnet Asset Management Inc. grew its stake in shares of Sunrun Inc. (NASDAQ:RUNGet Rating) by 1.0% in the second quarter, Holdings Channel reports. The institutional investor owned 40,612 shares of the energy company’s stock after purchasing an additional 416 shares during the period. Envestnet Asset Management Inc.’s holdings in Sunrun were worth $949,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RUN. Clearstead Advisors LLC raised its holdings in Sunrun by 743.6% in the 1st quarter. Clearstead Advisors LLC now owns 928 shares of the energy company’s stock valued at $28,000 after acquiring an additional 818 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Sunrun in the first quarter valued at $32,000. Salem Investment Counselors Inc. raised its stake in shares of Sunrun by 3,750.0% in the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock valued at $47,000 after purchasing an additional 1,500 shares in the last quarter. CWM LLC lifted its position in Sunrun by 92.0% in the second quarter. CWM LLC now owns 1,622 shares of the energy company’s stock worth $38,000 after purchasing an additional 777 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in Sunrun during the second quarter worth $61,000. Institutional investors own 90.85% of the company’s stock.

Sunrun Stock Up 1.8 %

NASDAQ RUN opened at $31.51 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.19 and a current ratio of 1.74. Sunrun Inc. has a 52 week low of $16.80 and a 52 week high of $50.60. The stock has a market capitalization of $6.71 billion, a P/E ratio of 108.66 and a beta of 2.10. The stock has a fifty day moving average of $26.95 and a 200-day moving average of $27.55.

Sunrun (NASDAQ:RUNGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The energy company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.97. The firm had revenue of $631.91 million during the quarter, compared to analyst estimates of $542.20 million. Sunrun had a return on equity of 1.23% and a net margin of 3.35%. On average, equities research analysts forecast that Sunrun Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Sunrun from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, November 4th. BMO Capital Markets cut their target price on Sunrun from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Guggenheim decreased their price target on Sunrun from $59.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, October 17th. Finally, Wolfe Research lowered Sunrun from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $44.39.

Insider Transactions at Sunrun

In related news, insider Edward Harris Fenster sold 6,172 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $34.27, for a total value of $211,514.44. Following the transaction, the insider now directly owns 1,578,012 shares in the company, valued at $54,078,471.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Edward Harris Fenster sold 6,172 shares of Sunrun stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $34.27, for a total transaction of $211,514.44. Following the completion of the sale, the insider now directly owns 1,578,012 shares of the company’s stock, valued at $54,078,471.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lynn Michelle Jurich sold 75,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $37.63, for a total value of $2,822,250.00. Following the completion of the transaction, the insider now directly owns 1,458,116 shares in the company, valued at approximately $54,868,905.08. The disclosure for this sale can be found here. Insiders sold a total of 243,327 shares of company stock worth $7,313,106 in the last quarter. 4.29% of the stock is owned by company insiders.

Sunrun Profile

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Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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