Greenleaf Trust Takes Position in Sunrun Inc. (NASDAQ:RUN)

Greenleaf Trust acquired a new stake in Sunrun Inc. (NASDAQ:RUN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,334 shares of the energy company’s stock, valued at approximately $222,000.

Other institutional investors also recently modified their holdings of the company. C M Bidwell & Associates Ltd. boosted its stake in shares of Sunrun by 1,483.9% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after purchasing an additional 2,211 shares during the last quarter. Fifth Third Bancorp boosted its stake in Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock worth $35,000 after acquiring an additional 764 shares in the last quarter. Versant Capital Management Inc boosted its stake in Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after acquiring an additional 1,127 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Sunrun by 69.8% during the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock worth $42,000 after acquiring an additional 1,375 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Sunrun during the third quarter worth $53,000. 91.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Edward Harris Fenster sold 172,920 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeanna Steele sold 10,176 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $122,824.32. Following the sale, the insider now owns 228,743 shares of the company’s stock, valued at $2,760,928.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,760 shares of company stock worth $3,615,990. Insiders own 3.76% of the company’s stock.

Sunrun Trading Down 2.4 %

Shares of RUN stock opened at $10.02 on Thursday. Sunrun Inc. has a one year low of $8.43 and a one year high of $23.85. The firm has a 50-day moving average of $12.12 and a 200-day moving average of $13.20. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. On average, equities research analysts anticipate that Sunrun Inc. will post -1.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. KeyCorp reissued a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. BMO Capital Markets increased their target price on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Susquehanna reissued a “positive” rating and set a $25.00 target price on shares of Sunrun in a research note on Friday, April 5th. Mizuho lowered their price objective on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Truist Financial restated a “hold” rating and set a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.26.

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.