EP Wealth Advisors LLC Sells 4,735 Shares of Sunrun Inc. (NASDAQ:RUN)

EP Wealth Advisors LLC reduced its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 22.2% in the first quarter, Holdings Channel reports. The fund owned 16,629 shares of the energy company’s stock after selling 4,735 shares during the quarter. EP Wealth Advisors LLC’s holdings in Sunrun were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Natixis grew its position in shares of Sunrun by 86.1% during the 1st quarter. Natixis now owns 831,969 shares of the energy company’s stock valued at $10,965,000 after acquiring an additional 384,992 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Sunrun by 16.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 559,438 shares of the energy company’s stock worth $7,373,000 after purchasing an additional 77,928 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Sunrun by 35.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 259,789 shares of the energy company’s stock worth $3,423,000 after purchasing an additional 67,761 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Sunrun in the 1st quarter worth approximately $5,990,000. Finally, Edgestream Partners L.P. purchased a new stake in Sunrun in the 1st quarter worth approximately $2,107,000. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

RUN has been the topic of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Mizuho lowered their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Susquehanna increased their target price on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research note on Monday, July 15th. Piper Sandler increased their target price on shares of Sunrun from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley raised their price objective on shares of Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.42.

Sunrun Stock Performance

RUN stock opened at $17.86 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun Inc. has a 52 week low of $8.43 and a 52 week high of $22.16. The firm’s fifty day moving average is $14.06 and its 200 day moving average is $13.14.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. During the same quarter last year, the firm earned ($1.12) EPS. The firm’s quarterly revenue was down 22.3% compared to the same quarter last year. On average, sell-side analysts forecast that Sunrun Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total value of $846,500.00. Following the sale, the director now owns 1,294,383 shares of the company’s stock, valued at approximately $21,913,904.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total value of $846,500.00. Following the sale, the director now owns 1,294,383 shares of the company’s stock, valued at approximately $21,913,904.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mary Powell sold 1,741 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $14.86, for a total transaction of $25,871.26. Following the completion of the sale, the chief executive officer now directly owns 589,927 shares in the company, valued at approximately $8,766,315.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,712 shares of company stock valued at $3,706,261. Insiders own 3.76% of the company’s stock.

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.