Natixis Advisors LLC Acquires 7,814 Shares of Sunrun Inc. (NASDAQ:RUN)

Natixis Advisors LLC boosted its stake in Sunrun Inc. (NASDAQ:RUN) by 29.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,295 shares of the energy company’s stock after buying an additional 7,814 shares during the period. Natixis Advisors LLC’s holdings in Sunrun were worth $619,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sylebra Capital LLC bought a new position in shares of Sunrun in the second quarter worth $35,387,000. Greenvale Capital LLP increased its position in Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after purchasing an additional 2,000,000 shares in the last quarter. Senator Investment Group LP bought a new position in Sunrun in the 2nd quarter valued at approximately $11,860,000. Assenagon Asset Management S.A. grew its position in Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock worth $24,843,000 after acquiring an additional 927,947 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after buying an additional 729,633 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Price Performance

NASDAQ RUN opened at $11.55 on Thursday. The firm’s 50-day simple moving average is $14.54 and its two-hundred day simple moving average is $15.41. The company has a market cap of $2.59 billion, a PE ratio of -6.47 and a beta of 2.61. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 1,937 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the completion of the sale, the director now owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Danny Abajian sold 9,694 shares of Sunrun stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total transaction of $191,456.50. Following the transaction, the chief financial officer now directly owns 278,260 shares in the company, valued at $5,495,635. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,795 shares of company stock worth $3,071,225 over the last ninety days. Company insiders own 3.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RUN shares. Roth Mkm cut their target price on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reiterated a “hold” rating and issued a $12.00 price target (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, UBS Group lowered their price objective on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Sunrun has a consensus rating of “Hold” and a consensus target price of $19.28.

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.