Sunrun Inc. (NASDAQ:RUN) Stock Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Sunrun Inc. (NASDAQ:RUN) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,434 shares of the energy company’s stock after selling 19,840 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Sunrun worth $3,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its stake in shares of Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after acquiring an additional 2,211 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after acquiring an additional 764 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Sunrun by 149.7% during the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after acquiring an additional 1,127 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Sunrun during the 3rd quarter worth $53,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Sunrun by 1,968.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,550 shares of the energy company’s stock worth $89,000 after acquiring an additional 4,330 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

RUN has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Truist Financial restated a “hold” rating and issued a $14.00 target price (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. The Goldman Sachs Group increased their price objective on Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Susquehanna reiterated a “positive” rating and set a $25.00 price objective on shares of Sunrun in a report on Friday, April 5th. Finally, Janney Montgomery Scott lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.26.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $58,539.60. Following the completion of the transaction, the director now owns 1,403,915 shares in the company, valued at $17,015,449.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Lynn Michelle Jurich sold 4,830 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $58,539.60. Following the transaction, the director now directly owns 1,403,915 shares of the company’s stock, valued at approximately $17,015,449.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Danny Abajian sold 5,534 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $67,072.08. Following the completion of the transaction, the chief financial officer now directly owns 210,985 shares in the company, valued at $2,557,138.20. The disclosure for this sale can be found here. Insiders sold a total of 301,760 shares of company stock worth $3,615,990 over the last quarter. Company insiders own 3.76% of the company’s stock.

Sunrun Stock Up 8.7 %

RUN stock opened at $11.90 on Monday. Sunrun Inc. has a twelve month low of $8.43 and a twelve month high of $23.85. The company has a market cap of $2.64 billion, a PE ratio of -1.61 and a beta of 2.50. The business’s 50-day simple moving average is $11.35 and its 200 day simple moving average is $13.13. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). The business had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. On average, research analysts anticipate that Sunrun Inc. will post -1.69 earnings per share for the current year.

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.