Rockefeller Capital Management L.P. Trims Holdings in Sunrun Inc. (NASDAQ:RUN)

Rockefeller Capital Management L.P. lowered its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,612 shares of the energy company’s stock after selling 71,516 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sunrun were worth $941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in Sunrun by 5.8% during the 4th 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 in the last quarter. Xponance Inc. lifted its position in Sunrun by 13.2% in the 4th quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock valued at $150,000 after acquiring an additional 1,895 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after purchasing an additional 2,000 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of Sunrun by 17.7% in the fourth quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company’s stock worth $133,000 after purchasing an additional 2,157 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sunrun in the 3rd quarter worth about $44,000. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RUN. Wells Fargo & Company reduced their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen dropped their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Barclays lowered their target price on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Truist Financial reaffirmed a “hold” rating and set a $6.00 price target (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Finally, BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Sunrun has an average rating of “Hold” and an average price target of $15.68.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $6.57 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -3.61 and a beta of 2.74. The firm has a fifty day moving average price of $6.97 and a 200 day moving average price of $9.73. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now directly owns 941,753 shares of the company’s stock, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeanna Steele sold 9,942 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares of the company’s stock, valued at approximately $1,962,944.12. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 in the last 90 days. Insiders own 3.77% of the company’s stock.

About Sunrun

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.