State of New Jersey Common Pension Fund D Has $4.12 Million Stock Position in Sunrun Inc. (NASDAQ:RUN)

State of New Jersey Common Pension Fund D boosted its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 29.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 209,942 shares of the energy company’s stock after buying an additional 48,024 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.10% of Sunrun worth $4,121,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RUN. C M Bidwell & Associates Ltd. raised its holdings in Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after buying an additional 2,211 shares during the period. Fifth Third Bancorp raised its holdings in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after purchasing an additional 1,127 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Sunrun by 69.8% in the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after purchasing an additional 1,375 shares during the last quarter. Finally, USCF Advisers LLC raised its holdings in shares of Sunrun by 130.0% in the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mary Powell sold 5,424 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the sale, the chief executive officer now owns 411,628 shares of the company’s stock, valued at $4,988,931.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CRO Paul S. Dickson sold 10,412 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total transaction of $126,193.44. Following the completion of the sale, the executive now owns 298,717 shares of the company’s stock, valued at $3,620,450.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 5,424 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the sale, the chief executive officer now directly owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,760 shares of company stock valued at $3,615,990. 3.76% of the stock is owned by company insiders.

Sunrun Stock Up 6.0 %

RUN stock opened at $10.29 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $13.15. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). The business had revenue of $516.59 million during the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. Equities analysts anticipate that Sunrun Inc. will post -1.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RUN shares. Royal Bank of Canada lowered their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Janney Montgomery Scott downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Truist Financial reiterated a “hold” rating and issued a $14.00 price objective (down from $15.00) on shares of Sunrun in a report on Monday, February 26th. 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 report on Friday, April 19th. Finally, BMO Capital Markets boosted their target price on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and a consensus price target of $21.26.

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.