Sunrun Inc. (NASDAQ:RUN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Sunrun Inc. (NASDAQ:RUN) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,170,251 shares of the energy company’s stock after acquiring an additional 107,391 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.97% of Sunrun worth $39,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RUN. International Assets Investment Management LLC lifted its stake in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the second quarter worth approximately $36,000. CWM LLC increased its stake in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sunrun in the second quarter valued at $45,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Morgan Stanley cut their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 target price on shares of Sunrun in a research report on Wednesday, September 25th. StockNews.com raised Sunrun to a “sell” rating in a research report on Friday, September 27th. Finally, UBS Group decreased their price objective on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.28.

Sunrun Price Performance

Shares of RUN opened at $11.67 on Tuesday. Sunrun Inc. has a one year low of $9.23 and a one year high of $22.26. The stock’s fifty day moving average is $14.07 and its 200-day moving average is $15.40. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -6.34 and a beta of 2.61.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary Powell sold 6,415 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.34, for a total transaction of $104,821.10. Following the sale, the chief executive officer now owns 569,368 shares in the company, valued at $9,303,473.12. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,647 shares of company stock valued at $3,030,864. Company insiders own 3.77% of the company’s stock.

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.