Caisse Des Depots ET Consignations Invests $172,000 in Sunrun Inc. (NASDAQ:RUN)

Caisse Des Depots ET Consignations acquired a new stake in Sunrun Inc. (NASDAQ:RUN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,618 shares of the energy company’s stock, valued at approximately $172,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock valued at $219,679,000 after acquiring an additional 343,448 shares during the period. State Street Corp raised its position in Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares during the period. Geode Capital Management LLC raised its position in Sunrun by 0.6% in the third quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after purchasing an additional 30,549 shares during the period. Erste Asset Management GmbH lifted its stake in Sunrun by 16.3% during the fourth quarter. Erste Asset Management GmbH now owns 4,789,213 shares of the energy company’s stock worth $47,302,000 after purchasing an additional 672,049 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after buying an additional 1,562,163 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Down 3.2 %

RUN opened at $6.01 on Friday. Sunrun Inc. has a one year low of $5.91 and a one year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a market capitalization of $1.36 billion, a P/E ratio of -3.30 and a beta of 2.84. The business’s 50-day simple moving average is $7.96 and its 200-day simple moving average is $11.38.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group reduced their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company dropped their price objective 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. Royal Bank of Canada reduced their target price on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Finally, Roth Capital set a $20.00 price target on shares of Sunrun in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the sale, the director now directly owns 941,753 shares of the company’s stock, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the purchase, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 in the last quarter. 3.77% of the stock is owned by insiders.

Sunrun 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.