Skandinaviska Enskilda Banken AB publ boosted its position in shares of Sunrun Inc (NASDAQ:RUN) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,504 shares of the energy company’s stock after acquiring an additional 25,680 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.21% of Sunrun worth $2,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new position in shares of Sunrun during the fourth quarter worth $39,000. Mutual of America Capital Management LLC purchased a new position in Sunrun during the 1st quarter worth $36,000. Penserra Capital Management LLC increased its position in Sunrun by 13.7% during the 4th quarter. Penserra Capital Management LLC now owns 4,195 shares of the energy company’s stock valued at $57,000 after buying an additional 505 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Sunrun by 15.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,932 shares of the energy company’s stock valued at $68,000 after buying an additional 662 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Sunrun in the fourth quarter worth about $83,000. Institutional investors own 92.68% of the company’s stock.

Shares of RUN opened at $19.52 on Tuesday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 216.89, a PEG ratio of 18.71 and a beta of 1.40. Sunrun Inc has a 52 week low of $7.84 and a 52 week high of $23.66. The stock’s 50-day moving average price is $17.41 and its 200-day moving average price is $15.63. The company has a quick ratio of 0.95, a current ratio of 1.49 and a debt-to-equity ratio of 2.26.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.27). The company had revenue of $210.70 million during the quarter, compared to analysts’ expectations of $195.24 million. Sunrun had a return on equity of 0.98% and a net margin of 1.40%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. As a group, equities analysts anticipate that Sunrun Inc will post 0.11 EPS for the current fiscal year.

Several equities analysts have recently issued reports on RUN shares. JMP Securities cut their price objective on shares of Sunrun from $16.00 to $10.00 in a report on Friday, March 20th. Bank of America boosted their price objective on shares of Sunrun from $20.00 to $21.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Credit Suisse Group upped their target price on Sunrun from $18.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. lifted their price target on Sunrun from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Roth Capital boosted their price target on Sunrun from $18.00 to $30.00 in a research note on Monday, March 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.06.

In other news, COO Christopher Dawson sold 5,008 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $14.59, for a total transaction of $73,066.72. Following the completion of the transaction, the chief operating officer now directly owns 257,437 shares of the company’s stock, valued at approximately $3,756,005.83. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michelle Philpot sold 4,489 shares of the stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $19.97, for a total value of $89,645.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 295,071 shares of company stock valued at $5,222,126. Company insiders own 8.55% of the company’s stock.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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