Sunrun Inc. (NASDAQ:RUN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,403 shares of the energy company’s stock after selling 2,140 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Sunrun worth $1,604,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its stake in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the third quarter valued at approximately $44,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun during the 4th quarter worth approximately $56,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sunrun in the 4th quarter worth approximately $94,000. Finally, Alterna Wealth Management Inc. acquired a new position in Sunrun during the 4th quarter valued at approximately $96,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Down 1.2 %

NASDAQ:RUN opened at $5.94 on Monday. The business’s fifty day moving average price is $7.89 and its 200 day moving average price is $11.20. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -3.26 and a beta of 2.84. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 1-year low of $5.91 and a 1-year high of $22.26.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RUN. Truist Financial reaffirmed a “hold” rating and issued a $9.00 target price (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. Royal Bank of Canada cut their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group decreased their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Tuesday, January 7th. Finally, Barclays decreased their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the sale, the director now directly owns 991,753 shares in the company, valued at $9,510,911.27. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward Harris Fenster acquired 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. The trade was a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 in the last 90 days. Company insiders own 3.77% of the company’s stock.

About Sunrun

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.