Thrivent Financial for Lutherans Has $1.60 Million Stake in Sunrun Inc. (NASDAQ:RUN)

Thrivent Financial for Lutherans trimmed its stake in Sunrun Inc. (NASDAQ:RUN) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,403 shares of the energy company’s stock after selling 2,140 shares during the period. Thrivent Financial for Lutherans’ holdings in Sunrun were worth $1,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its position in shares of Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after purchasing an additional 1,360 shares during the period. Newbridge Financial Services Group Inc. grew its stake 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 buying an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sunrun in the 3rd quarter worth $44,000. The Manufacturers Life Insurance Company lifted its position in Sunrun by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 233,551 shares of the energy company’s stock worth $4,218,000 after acquiring an additional 2,441 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Sunrun by 23.2% during the fourth quarter. Empowered Funds LLC now owns 13,734 shares of the energy company’s stock valued at $127,000 after acquiring an additional 2,588 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Stock Performance

Sunrun stock opened at $5.94 on Monday. Sunrun Inc. has a 52-week low of $5.91 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a fifty day moving average price of $7.89 and a two-hundred day moving average price of $11.20. The firm has a market capitalization of $1.34 billion, a P/E ratio of -3.26 and a beta of 2.84.

Analyst Ratings Changes

RUN has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $8.00 in a research note on Wednesday, March 12th. The Goldman Sachs Group dropped their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial reissued a “hold” rating and issued a $9.00 price objective (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,466 shares of company stock valued at $1,136,397 in the last ninety days. Insiders own 3.77% of the company’s stock.

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.