Kayne Anderson Capital Advisors LP Acquires Shares of 328,569 Sunrun Inc. (NASDAQ:RUN)

Kayne Anderson Capital Advisors LP bought a new position in shares of Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 328,569 shares of the energy company’s stock, valued at approximately $3,039,000. Kayne Anderson Capital Advisors LP owned 0.15% of Sunrun at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after purchasing an additional 886 shares during the period. Principal Financial Group Inc. increased its holdings in Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Sunrun by 139.4% during the 3rd quarter. Entropy Technologies LP now owns 65,436 shares of the energy company’s stock valued at $1,182,000 after acquiring an additional 38,100 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Sunrun during the 3rd quarter worth approximately $955,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Sunrun in the 3rd quarter worth approximately $241,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group reduced their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. TD Cowen decreased their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, BMO Capital Markets cut their target price on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.63.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,466 shares of company stock worth $1,607,397 in the last three months. 3.77% of the stock is currently owned by company insiders.

Sunrun Trading Down 0.9 %

Shares of RUN opened at $6.93 on Wednesday. The stock’s fifty day simple moving average is $8.86 and its 200 day simple moving average is $12.39. Sunrun Inc. has a twelve month low of $5.93 and a twelve month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $1.57 billion, a P/E ratio of -3.81 and a beta of 2.84.

Sunrun Company 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.