Stifel Financial Corp Sells 2,090 Shares of Sunrun Inc. (NASDAQ:RUN)

Stifel Financial Corp lessened its holdings in shares of Sunrun Inc. (NASDAQ:RUN) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,063 shares of the energy company’s stock after selling 2,090 shares during the period. Stifel Financial Corp’s holdings in Sunrun were worth $380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RUN. Victory Capital Management Inc. raised its holdings in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after buying an additional 691 shares during the period. Creative Planning grew its holdings in shares of Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after buying an additional 784 shares in the last quarter. Van ECK Associates Corp raised its position in Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after buying an additional 886 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Sunrun by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after acquiring an additional 895 shares in the last quarter. Finally, United Services Automobile Association boosted its position in Sunrun by 6.3% during the 2nd quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after acquiring an additional 1,042 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sunrun news, CRO Paul S. Dickson sold 4,017 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $65,677.95. Following the sale, the executive now owns 423,866 shares of the company’s stock, valued at approximately $6,930,209.10. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 4,869 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $79,608.15. Following the completion of the transaction, the chief financial officer now owns 269,393 shares of the company’s stock, valued at approximately $4,404,575.55. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,691 shares of company stock worth $2,011,601. Corporate insiders own 3.77% of the company’s stock.

Sunrun Stock Down 2.1 %

RUN stock opened at $9.86 on Friday. The business has a 50-day simple moving average of $11.47 and a 200 day simple moving average of $14.95. The company has a market cap of $2.21 billion, a PE ratio of -5.42 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $9.01 and a 52 week high of $22.26.

Analyst Ratings Changes

A number of research firms have recently issued reports on RUN. TD Cowen initiated coverage on shares of Sunrun in a report on Thursday, December 19th. They issued a “buy” rating and a $21.00 price objective on the stock. StockNews.com raised Sunrun to a “sell” rating in a research report on Friday, December 20th. Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group reduced their price target on Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Sunrun currently has an average rating of “Hold” and an average price target of $19.21.

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.