Stifel Financial Corp Has $380,000 Position in Sunrun Inc. (NASDAQ:RUN)

Stifel Financial Corp reduced its position in shares of Sunrun Inc. (NASDAQ:RUN) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,063 shares of the energy company’s stock after selling 2,090 shares during the period. Stifel Financial Corp’s holdings in Sunrun were worth $380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in Sunrun by 1,706.3% during 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 during the period. Blue Trust Inc. grew its position in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after buying an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new position in Sunrun in the 2nd quarter valued at approximately $36,000. Redwood Wealth Management Group LLC bought a new stake in shares of Sunrun in the 2nd quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Sunrun during the 3rd quarter worth approximately $135,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 6,415 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.34, for a total transaction of $104,821.10. Following the transaction, the chief executive officer now owns 569,368 shares in the company, valued at approximately $9,303,473.12. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanna Steele sold 2,624 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $42,902.40. Following the completion of the sale, the insider now directly owns 305,636 shares of the company’s stock, valued at approximately $4,997,148.60. This trade represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 169,691 shares of company stock valued at $2,011,601. 3.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lowered their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company decreased their price objective on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Piper Sandler cut 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 report on Friday, November 22nd. Glj Research reissued a “sell” rating and set a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Finally, Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.21.

Sunrun Trading Down 2.1 %

RUN stock opened at $9.86 on Friday. The business has a fifty day moving average of $11.47 and a 200-day moving average of $14.95. The company has a market cap of $2.21 billion, a P/E ratio of -5.42 and a beta of 2.54. Sunrun Inc. has a twelve month low of $9.01 and a twelve month high of $22.26. 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 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.