Diversify Wealth Management LLC Has $4.65 Million Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Diversify Wealth Management LLC lifted its position in Sunrun Inc. (NASDAQ:RUN) by 21.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 257,235 shares of the energy company’s stock after buying an additional 44,639 shares during the quarter. Diversify Wealth Management LLC owned about 0.12% of Sunrun worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after acquiring an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP lifted its position in shares of Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after purchasing an additional 2,000,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after purchasing an additional 729,633 shares during the period. Handelsbanken Fonder AB increased its position in Sunrun by 0.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after buying an additional 18,000 shares during the period. Finally, Sylebra Capital LLC acquired a new position in shares of Sunrun during the second quarter worth approximately $35,387,000. 91.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RUN. Oppenheimer boosted their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group cut their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Susquehanna decreased their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets upped their price target on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, Truist Financial reissued a “hold” rating and set a $18.00 price objective (up previously from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.79.

Insider Buying and Selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the transaction, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Mary Powell sold 2,148 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares of the company’s stock, valued at approximately $10,883,036.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,001 shares of company stock worth $3,220,345. 3.76% of the stock is currently owned by corporate insiders.

Sunrun Price Performance

Shares of RUN traded up $0.35 on Wednesday, hitting $14.49. The company’s stock had a trading volume of 2,135,047 shares, compared to its average volume of 11,787,835. The company has a 50 day moving average price of $17.68 and a 200 day moving average price of $15.27. Sunrun Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $22.26. The company has a market capitalization of $3.21 billion, a PE ratio of -2.09 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31.

Sunrun (NASDAQ:RUN) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, research analysts anticipate that Sunrun Inc. will post -0.17 earnings per share for the current fiscal year.

About Sunrun

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.