Nisa Investment Advisors LLC Purchases 4,330 Shares of Sunrun Inc. (NASDAQ:RUN)

Nisa Investment Advisors LLC raised its position in Sunrun Inc. (NASDAQ:RUN) by 1,968.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,550 shares of the energy company’s stock after purchasing an additional 4,330 shares during the period. Nisa Investment Advisors LLC’s holdings in Sunrun were worth $89,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Sunrun by 24.2% during the first quarter. American Century Companies Inc. now owns 13,754 shares of the energy company’s stock worth $417,000 after acquiring an additional 2,679 shares in the last quarter. US Bancorp DE increased its position in shares of Sunrun by 123.5% during the first quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock worth $198,000 after acquiring an additional 3,611 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Sunrun by 37.1% during the first quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company’s stock worth $601,000 after acquiring an additional 5,349 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sunrun by 58.7% during the first quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company’s stock worth $329,000 after acquiring an additional 4,010 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Sunrun by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company’s stock worth $2,304,000 after acquiring an additional 7,233 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mary Powell sold 5,424 shares of Sunrun stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $65,738.88. Following the completion of the sale, the chief executive officer now owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the completion of the sale, the director now owns 1,403,915 shares in the company, valued at approximately $17,015,449.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 5,424 shares of Sunrun stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the completion of the sale, the chief executive officer now owns 411,628 shares of the company’s stock, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,760 shares of company stock valued at $3,615,990. Company insiders own 3.76% of the company’s stock.

Sunrun Stock Performance

Shares of RUN stock opened at $10.25 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of -1.39 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. The company has a fifty day moving average price of $12.36 and a two-hundred day moving average price of $13.18. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The company 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%. As a group, equities analysts predict that Sunrun Inc. will post -1.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial reissued a “hold” rating and set a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Piper Sandler lowered their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Mizuho reduced their target price on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer restated an “outperform” rating and set a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and a consensus price target of $21.26.

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.