Thrivent Financial for Lutherans Decreases Stake in Sunrun Inc. (NASDAQ:RUN)

Thrivent Financial for Lutherans lessened its position in shares of Sunrun Inc. (NASDAQ:RUN) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,543 shares of the energy company’s stock after selling 8,470 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Sunrun worth $3,170,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after acquiring an additional 691 shares during the last quarter. Creative Planning lifted its position in Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after purchasing an additional 784 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Sunrun by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after buying an additional 895 shares during the last quarter. Finally, &PARTNERS increased its holdings in shares of Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after buying an additional 1,019 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of RUN stock opened at $11.52 on Tuesday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -6.33 and a beta of 2.61. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $9.23 and a twelve month high of $22.26. The stock has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $15.41.

Analysts Set New Price Targets

RUN has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $11.00 in a research note on Friday. Glj Research reiterated a “sell” rating and issued a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Morgan Stanley decreased their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.49.

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 2,357 shares of Sunrun stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $42,968.11. Following the transaction, the insider now owns 308,260 shares in the company, valued at $5,619,579.80. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares in the company, valued at $24,087,409.20. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,795 shares of company stock valued at $3,071,225 over the last three months. 3.77% of the stock is owned by company insiders.

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.