DnB Asset Management AS Acquires 212,607 Shares of Sunrun Inc (RUN)

DnB Asset Management AS raised its stake in shares of Sunrun Inc (NASDAQ:RUN) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,357,471 shares of the energy company’s stock after purchasing an additional 212,607 shares during the period. DnB Asset Management AS owned approximately 4.99% of Sunrun worth $31,609,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Sunrun in the 3rd quarter worth approximately $2,642,000. Uniplan Investment Counsel Inc. increased its holdings in shares of Sunrun by 136.7% in the third quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock worth $7,657,000 after purchasing an additional 796,912 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Sunrun in the third quarter worth $869,000. Precocity Capital LP purchased a new position in Sunrun in the third quarter worth $2,220,000. Finally, Schwab Charles Investment Management Inc. grew its position in Sunrun by 5.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 289,287 shares of the energy company’s stock worth $1,606,000 after acquiring an additional 13,667 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.

Shares of Sunrun Inc (NASDAQ RUN) opened at $6.06 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.89. The company has a market cap of $647.13 and a price-to-earnings ratio of 6.89. Sunrun Inc has a twelve month low of $4.21 and a twelve month high of $7.78.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The business had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. sell-side analysts predict that Sunrun Inc will post 0.64 earnings per share for the current fiscal year.

Several analysts have issued reports on RUN shares. Zacks Investment Research lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Oppenheimer reaffirmed a “buy” rating and set a $10.00 target price on shares of Sunrun in a research note on Thursday, November 9th. BidaskClub upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Bank of America initiated coverage on shares of Sunrun in a report on Monday, November 6th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Sunrun presently has an average rating of “Buy” and a consensus target price of $7.95.

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About Sunrun

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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