US Bancorp DE Sells 8,740 Shares of Sunrun Inc. (NASDAQ:RUN)

US Bancorp DE decreased its position in shares of Sunrun Inc. (NASDAQ:RUN) by 63.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,965 shares of the energy company’s stock after selling 8,740 shares during the quarter. US Bancorp DE’s holdings in Sunrun were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RUN. Newbridge Financial Services Group Inc. increased its position in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun in the third quarter worth $44,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun in the fourth quarter valued at $56,000. Wealth Enhancement Advisory Services LLC bought a new position in Sunrun during the 4th quarter worth $94,000. Finally, Alterna Wealth Management Inc. acquired a new position in Sunrun during the 4th quarter worth about $96,000. Institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the topic of several recent analyst reports. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $11.00 in a report on Friday, November 22nd. BMO Capital Markets reduced their price objective on Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, UBS Group reduced their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the sale, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. The trade was a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the acquisition, the director now owns 1,358,182 shares in the company, 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 171,466 shares of company stock worth $1,607,397 in the last three months. 3.77% of the stock is currently owned by corporate insiders.

Sunrun Stock Down 6.6 %

RUN stock opened at $6.51 on Wednesday. The stock has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $11.90. The firm has a market capitalization of $1.47 billion, a PE ratio of -3.58 and a beta of 2.84. Sunrun Inc. has a twelve month low of $5.93 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 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.