Natixis Acquires 384,992 Shares of Sunrun Inc. (NASDAQ:RUN)

Natixis lifted its holdings in Sunrun Inc. (NASDAQ:RUN) by 86.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 831,969 shares of the energy company’s stock after acquiring an additional 384,992 shares during the period. Natixis owned 0.38% of Sunrun worth $10,965,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP lifted its stake in Sunrun by 15.3% in the fourth quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after purchasing an additional 1,100,000 shares during the last quarter. Robeco Schweiz AG lifted its stake in Sunrun by 23.5% in the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock worth $60,777,000 after purchasing an additional 876,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Sunrun by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock worth $54,617,000 after purchasing an additional 179,688 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Sunrun by 36.0% in the fourth quarter. First Trust Advisors LP now owns 2,172,728 shares of the energy company’s stock worth $42,651,000 after purchasing an additional 575,293 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Sunrun from $14.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Barclays raised their target price on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho reduced their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Susquehanna raised their target price on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. Finally, Morgan Stanley raised their target price on shares of Sunrun from $24.00 to $29.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.42.

Insider Activity at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the transaction, the director now directly owns 1,294,383 shares in the company, valued at $21,913,904.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $16.93, for a total value of $846,500.00. Following the completion of the transaction, the director now owns 1,294,383 shares in the company, valued at $21,913,904.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeanna Steele sold 2,513 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $12.61, for a total transaction of $31,688.93. Following the completion of the transaction, the insider now owns 312,774 shares of the company’s stock, valued at approximately $3,944,080.14. The disclosure for this sale can be found here. Insiders sold 255,712 shares of company stock worth $3,706,261 over the last three months. Company insiders own 3.76% of the company’s stock.

Sunrun Stock Performance

NASDAQ RUN traded up $0.29 on Thursday, reaching $17.48. 12,191,508 shares of the company’s stock traded hands, compared to its average volume of 13,511,919. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -2.62 and a beta of 2.61. The stock has a 50 day moving average price of $13.94 and a 200-day moving average price of $13.15. Sunrun Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $22.16. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09. The company had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The firm’s quarterly revenue was down 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.12) earnings per share. Equities research analysts predict that Sunrun Inc. will post -1.25 EPS for the current fiscal year.

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.