State Street Corp Grows Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

State Street Corp increased its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,159,711 shares of the energy company's stock after purchasing an additional 54,329 shares during the quarter. State Street Corp owned 4.08% of Sunrun worth $165,424,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RUN. Victory Capital Management Inc. grew its position in Sunrun by 1.5% in the second 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 grew its holdings in shares of Sunrun by 0.3% during the 3rd 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 increased its position in Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock worth $905,000 after purchasing an additional 886 shares in 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 purchasing an additional 895 shares during the last quarter. Finally, &PARTNERS boosted its position in Sunrun by 1.6% in the second quarter. &PARTNERS now owns 63,244 shares of the energy company's stock valued at $698,000 after buying an additional 1,019 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Stock Performance

Shares of NASDAQ RUN traded down $0.07 during mid-day trading on Friday, hitting $10.12. The company had a trading volume of 5,758,211 shares, compared to its average volume of 11,723,234. 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 1 year low of $9.23 and a 1 year high of $22.26. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -5.56 and a beta of 2.54. The stock's 50-day moving average price is $12.63 and its 200-day moving average price is $15.24.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RUN shares. Piper Sandler downgraded shares of Sunrun from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Susquehanna cut 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. UBS Group cut their target price on shares of Sunrun from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Jefferies Financial Group decreased their price target on shares of Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Finally, StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Sunrun has an average rating of "Hold" and a consensus target price of $19.28.

Insider Buying and Selling

In related news, insider Jeanna Steele sold 2,624 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $42,902.40. Following the transaction, the insider now directly owns 305,636 shares of the company's stock, valued at approximately $4,997,148.60. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Paul S. Dickson sold 4,017 shares of the company'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 completion of the sale, the executive now directly owns 423,866 shares of the company's stock, valued at $6,930,209.10. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,691 shares of company stock worth $2,550,601. Corporate insiders own 3.77% of the company's stock.

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.