Thrivent Financial for Lutherans Sells 5,001 Shares of Sunrun Inc. (NASDAQ:RUN)

Thrivent Financial for Lutherans trimmed its stake in Sunrun Inc. (NASDAQ:RUN) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,013 shares of the energy company’s stock after selling 5,001 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Sunrun worth $2,182,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RUN. Vanguard Group Inc. raised its stake in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP raised its position in Sunrun by 15.3% in the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock valued at $162,929,000 after purchasing an additional 1,100,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sunrun by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares in the last quarter. Robeco Schweiz AG grew its holdings in shares of Sunrun by 4.3% during the fourth quarter. Robeco Schweiz AG now owns 3,735,300 shares of the energy company’s stock worth $73,324,000 after purchasing an additional 154,000 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Sunrun by 36.0% in the fourth quarter. First Trust Advisors LP now owns 2,172,728 shares of the energy company’s stock valued at $42,651,000 after buying an additional 575,293 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Trading Down 3.1 %

Shares of Sunrun stock opened at $17.50 on Wednesday. Sunrun Inc. has a 12 month low of $8.43 and a 12 month high of $22.26. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The stock’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $14.80.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. During the same period in the previous year, the firm earned $0.25 EPS. Sunrun’s quarterly revenue was down 11.2% compared to the same quarter last year. As a group, equities research analysts expect that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Danny Abajian sold 4,662 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $58,834.44. Following the completion of the transaction, the chief financial officer now directly owns 283,098 shares of the company’s stock, valued at approximately $3,572,696.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the completion of the sale, the director now directly owns 1,242,446 shares in the company, valued at approximately $22,649,790.58. The disclosure for this sale can be found here. Insiders sold 178,675 shares of company stock valued at $3,253,289 over the last quarter. Corporate insiders own 3.76% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $35.00 price target on shares of Sunrun in a report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Barclays increased their price objective on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI dropped their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.33.

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.