California Public Employees Retirement System Has $2.44 Million Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

California Public Employees Retirement System decreased its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,607 shares of the energy company's stock after selling 108,021 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Sunrun worth $2,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Sunrun in the third quarter valued at about $44,000. Newbridge Financial Services Group Inc. raised its stake in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after acquiring an additional 2,000 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Sunrun during the 4th quarter worth about $53,000. Union Bancaire Privee UBP SA bought a new position in Sunrun during the 4th quarter valued at about $56,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun during the fourth quarter worth approximately $94,000. Institutional investors own 91.69% of the company's stock.

Insider Activity at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the sale, the director now owns 991,753 shares of the company's stock, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward Harris Fenster acquired 150,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the transaction, the director now directly owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. The trade was a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 188,540 shares of company stock worth $1,530,444. Insiders own 3.77% of the company's stock.

Sunrun Stock Performance

RUN stock traded up $0.63 during trading hours on Monday, reaching $6.92. The stock had a trading volume of 1,536,851 shares, compared to its average volume of 11,574,780. The stock has a 50-day simple moving average of $7.17 and a 200 day simple moving average of $10.18. Sunrun Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The stock has a market capitalization of $1.57 billion, a PE ratio of -3.80 and a beta of 2.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Analyst Ratings Changes

RUN has been the subject of several research analyst reports. TD Cowen reduced their price objective on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. BNP Paribas upgraded shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price target on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their price target on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Barclays dropped their price objective on shares of Sunrun from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.20.

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.