Nisa Investment Advisors LLC Sells 22,443 Shares of Sunrun Inc. (NASDAQ:RUN)

Nisa Investment Advisors LLC decreased its position in Sunrun Inc. (NASDAQ:RUN) by 69.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,008 shares of the energy company’s stock after selling 22,443 shares during the period. Nisa Investment Advisors LLC’s holdings in Sunrun were worth $93,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its position in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun during the third quarter worth $44,000. Wealth Enhancement Advisory Services LLC purchased a new position in Sunrun during the fourth quarter worth approximately $94,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sunrun in the 2nd quarter valued at $104,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the director now directly owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. This represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock worth $1,614,147 in the last quarter. 3.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RUN has been the topic of a number of research reports. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Roth Mkm cut their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, BMO Capital Markets decreased their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Sunrun Stock Up 0.3 %

Sunrun stock opened at $9.42 on Friday. Sunrun Inc. has a 1-year low of $8.22 and a 1-year high of $22.26. The firm’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $14.39. The company has a market capitalization of $2.11 billion, a P/E ratio of -5.18 and a beta of 2.58. 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 (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same quarter in the previous year, the business posted $0.40 EPS. Sell-side analysts forecast that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

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.