Natixis Advisors LLC Acquires 7,814 Shares of Sunrun Inc. (NASDAQ:RUN)

Natixis Advisors LLC grew its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 29.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,295 shares of the energy company’s stock after purchasing an additional 7,814 shares during the period. Natixis Advisors LLC’s holdings in Sunrun were worth $619,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RUN. International Assets Investment Management LLC increased its holdings in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in Sunrun during the second quarter valued at approximately $36,000. CWM LLC lifted its holdings in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Sunrun during the second quarter valued at approximately $45,000. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 4,869 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $79,608.15. Following the completion of the sale, the chief financial officer now owns 269,393 shares of the company’s stock, valued at $4,404,575.55. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the sale, the director now owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. This trade represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock worth $3,071,225 in the last ninety days. 3.77% of the stock is currently owned by corporate insiders.

Sunrun Price Performance

NASDAQ RUN opened at $11.55 on Thursday. The firm has a market capitalization of $2.59 billion, a PE ratio of -6.47 and a beta of 2.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26. The company’s 50 day simple moving average is $14.54 and its 200 day simple moving average is $15.41.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RUN. Truist Financial restated a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Roth Mkm decreased their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Oppenheimer dropped their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Finally, Susquehanna dropped their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.28.

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.