Thrivent Financial for Lutherans Sells 5,001 Shares of Sunrun Inc. (NASDAQ:RUN)

Thrivent Financial for Lutherans reduced its position in shares of Sunrun Inc. (NASDAQ:RUN) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,013 shares of the energy company’s stock after selling 5,001 shares during the period. Thrivent Financial for Lutherans’ holdings in Sunrun were worth $2,182,000 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 RUN. Parallel Advisors LLC raised its stake in Sunrun by 91.4% during the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock worth $62,000 after acquiring an additional 1,513 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Sunrun by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock valued at $1,837,000 after purchasing an additional 910 shares during the last quarter. Bank of Nova Scotia increased its position in Sunrun by 16.9% during the 4th quarter. Bank of Nova Scotia now owns 100,460 shares of the energy company’s stock worth $1,976,000 after purchasing an additional 14,513 shares in the last quarter. KBC Group NV lifted its stake in Sunrun by 31.0% in the 4th quarter. KBC Group NV now owns 324,665 shares of the energy company’s stock valued at $6,373,000 after purchasing an additional 76,889 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Sunrun by 36.0% in the fourth quarter. First Trust Advisors LP now owns 2,172,728 shares of the energy company’s stock valued at $42,651,000 after buying an additional 575,293 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Activity

In other Sunrun news, CEO Mary Powell sold 5,569 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.62, for a total value of $70,280.78. Following the transaction, the chief executive officer now owns 581,341 shares in the company, valued at $7,336,523.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the completion of the sale, the director now directly owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mary Powell sold 5,569 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.62, for a total transaction of $70,280.78. Following the completion of the transaction, the chief executive officer now directly owns 581,341 shares in the company, valued at approximately $7,336,523.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,675 shares of company stock worth $3,253,289. Company insiders own 3.76% of the company’s stock.

Sunrun Stock Performance

NASDAQ RUN opened at $17.50 on Wednesday. Sunrun Inc. has a one year low of $8.43 and a one year high of $22.26. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The business has a 50 day simple moving average of $18.75 and a 200 day simple moving average of $14.80.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. Sunrun’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. On average, sell-side analysts anticipate that Sunrun Inc. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RUN shares. BMO Capital Markets upped their price target on shares of Sunrun from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Oppenheimer raised their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Susquehanna boosted their target price on shares of Sunrun from $23.00 to $24.00 and gave the stock a “positive” rating in a report on Monday, July 15th. Finally, Evercore ISI dropped their price target on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and an average price target of $22.33.

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.