Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquires 1,796 shares of Sunrun Inc. (NASDAQ: RUN)


Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Sunrun Inc. (NASDAQ:RUN – Get Rating) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The company held 61,875 shares of the energy company after acquiring 1,796 additional shares during the quarter. The holdings of Mitsubishi UFJ Kokusai Asset Management Co. Ltd. in Sunrun were worth $1,879,000 at the end of last quarter.

A number of other institutional investors and hedge funds have also increased or reduced their stakes in RUN. BlackRock Inc. increased its stake in Sunrun by 14.8% during the fourth quarter. BlackRock Inc. now owns 29,631,513 shares of the energy company worth $1,016,363,000 after buying 3,814,952 additional shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA increased its stake in Sunrun by 10.1% during the fourth quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA now owns 8,432,752 shares of the energy company worth $289,243,000 after purchasing an additional 772,818 shares in the last quarter. State Street Corp increased its stake in Sunrun by 3.8% during the fourth quarter. State Street Corp now owns 6,644,379 shares of the energy company worth $227,902,000 after buying an additional 244,354 shares in the last quarter. Invesco Ltd. increased its stake in Sunrun by 2.2% during the fourth quarter. Invesco Ltd. now owns 6,144,419 shares of the energy company worth $210,753,000 after purchasing an additional 130,641 shares in the last quarter. Finally, Pictet Asset Management SA increased its stake in Sunrun by 18.6% during the fourth quarter. Pictet Asset Management SA now owns 4,164,095 shares of the energy company worth $142,829,000 after buying an additional 653,251 shares in the last quarter. Institutional investors hold 90.54% of the company’s shares.

Sunrun is trading up 1.6%

Shares of NASDAQ RUN opened at $36.12 on Friday. The company’s 50-day simple moving average is $26.61 and its 200-day simple moving average is $25.84. Sunrun Inc. has a fifty-two week minimum of $16.80 and a fifty-two week maximum of $60.60. The company has a market capitalization of $7.66 billion, a P/E ratio of -64.50 and a beta of 2.29. The company has a debt ratio of 1.08, a current ratio of 1.73 and a quick ratio of 1.17.

Changes to analyst ratings

Several analysts have weighed in on RUN shares. Piper Sandler raised her price target on Sunrun shares from $29.00 to $30.00 and gave the stock a “neutral” rating in a Thursday, Aug. 4 research note. BMO Capital Markets raised its price target on Sunrun shares from $38.00 to $40.00 and gave the company an “outperform” rating in a Thursday, Aug. 4 research note. Wells Fargo & Company began covering Sunrun shares in a research note on Wednesday, June 29. They set an “equal weight” rating and a price target of $27.00 on the stock. Barclays began covering Sunrun shares in a research note on Friday August 5. They set an “overweight” rating and a price target of $46.00 on the stock. Finally, Goldman Sachs Group raised its price target on Sunrun shares from $36.00 to $40.00 and gave the company a “buy” rating in a Thursday, Aug. 4 research note. Two equity research analysts gave the stock a hold rating and thirteen gave the company a buy rating. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.87.

Sunrun Insider Activity

In other Sunrun news, insider Jeanna Steele sold 1,458 shares in a trade on Wednesday, June 15. The shares were sold at an average price of $22.62, for a total value of $32,979.96. Following the sale, the insider now directly owns 159,095 shares of the company, valued at $3,598,728.90. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Sunrun news, insider Jeanna Steele sold 1,458 shares in a trade on Wednesday, June 15. The shares were sold at an average price of $22.62, for a total value of $32,979.96. Following the sale, the insider now directly owns 159,095 shares of the company, valued at $3,598,728.90. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider Edward Harris Fenster sold 25,000 shares in a trade on Thursday, June 23. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the insider now owns 1,585,134 shares of the company, valued at $39,628,350. The disclosure of this sale can be found here. Insiders sold 428,973 shares of the company worth $12,844,589 in the past ninety days. Insiders of the company hold 4.29% of the shares of the company.

Sunrun Company Profile

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Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar power systems in the United States. It also sells solar energy systems and products, such as panels and racks; and solar leads generated for customers. Additionally, the company offers storage batteries as well as solar power systems.

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Institutional ownership by quarter for Sunrun (NASDAQ:RUN)



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