Sunrun Inc. (NASDAQ:RUN) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Sunrun Inc. (NASDAQ:RUN) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 295,549 shares of the energy company’s stock after selling 25,931 shares during the quarter. California Public Employees Retirement System’s holdings in Sunrun were worth $5,802,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc lifted its stake in Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Sunrun by 1,483.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after purchasing an additional 2,211 shares during the last quarter. NBC Securities Inc. purchased a new stake in Sunrun during the third quarter worth approximately $53,000. Finally, Nisa Investment Advisors LLC lifted its stake in Sunrun by 1,968.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,550 shares of the energy company’s stock worth $89,000 after purchasing an additional 4,330 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 8,187 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total transaction of $99,144.57. Following the sale, the insider now owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lynn Michelle Jurich sold 4,830 shares of the 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 sale, 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 filing with the SEC, which is available through this hyperlink. Also, insider Jeanna Steele sold 8,187 shares of Sunrun stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total transaction of $99,144.57. Following the transaction, the insider now owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,760 shares of company stock worth $3,615,990. 3.76% of the stock is owned by corporate insiders.

Sunrun Stock Performance

NASDAQ:RUN opened at $11.90 on Friday. 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 stock’s 50 day simple moving average is $11.35 and its 200-day simple moving average is $13.12. Sunrun Inc. has a 12-month low of $8.43 and a 12-month high of $23.85.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share 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 analyst estimates 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, analysts expect that Sunrun Inc. will post -1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RUN shares. Mizuho decreased their target price on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Susquehanna reaffirmed a “positive” rating and set a $25.00 price target on shares of Sunrun in a research report on Friday, April 5th. Piper Sandler cut their price target on Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Janney Montgomery Scott lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. Finally, Truist Financial reaffirmed a “hold” rating and set a $14.00 price target (down previously from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.26.

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.