Empowered Funds LLC Has $127,000 Stake in Sunrun Inc. (NASDAQ:RUN)

Empowered Funds LLC grew its stake in Sunrun Inc. (NASDAQ:RUN) by 23.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,734 shares of the energy company’s stock after purchasing an additional 2,588 shares during the period. Empowered Funds LLC’s holdings in Sunrun were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bleakley Financial Group LLC boosted its holdings in shares of Sunrun by 39.3% during the 4th quarter. Bleakley Financial Group LLC now owns 18,915 shares of the energy company’s stock valued at $175,000 after acquiring an additional 5,332 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Sunrun by 36.7% during the fourth quarter. Jennison Associates LLC now owns 61,498 shares of the energy company’s stock valued at $569,000 after purchasing an additional 16,497 shares in the last quarter. Alterna Wealth Management Inc. acquired a new stake in shares of Sunrun during the fourth quarter valued at about $96,000. Swedbank AB grew its holdings in shares of Sunrun by 12.8% during the fourth quarter. Swedbank AB now owns 218,911 shares of the energy company’s stock worth $2,025,000 after purchasing an additional 24,792 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. increased its stake in shares of Sunrun by 102.9% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock valued at $747,000 after buying an additional 40,942 shares during the period. 91.69% of the stock is owned by institutional investors.

Sunrun Stock Down 1.4 %

Shares of NASDAQ RUN opened at $8.42 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The firm has a market cap of $1.89 billion, a PE ratio of -4.63 and a beta of 2.59. The company’s fifty day simple moving average is $9.44 and its 200 day simple moving average is $13.43. Sunrun Inc. has a 12-month low of $7.87 and a 12-month high of $22.26.

Insider Activity

In other news, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,830 shares of company stock worth $1,572,147. Company insiders own 3.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RUN shares. Roth Mkm cut their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group cut their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, UBS Group upgraded Sunrun from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $17.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.36.

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.