Principal Financial Group Inc. Buys 367,835 Shares of Sunrun Inc. (NASDAQ:RUN)

Principal Financial Group Inc. grew its position in shares of Sunrun Inc. (NASDAQ:RUN - Free Report) by 33.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,460,949 shares of the energy company's stock after purchasing an additional 367,835 shares during the period. Principal Financial Group Inc. owned approximately 0.65% of Sunrun worth $26,385,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RUN. International Assets Investment Management LLC raised its stake in Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its position in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun during the 3rd quarter worth $44,000. Duncker Streett & Co. Inc. purchased a new position in Sunrun in the second quarter worth $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Sunrun in the second quarter valued at $45,000. Institutional investors own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

RUN has been the subject of several research analyst reports. Susquehanna dropped their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, December 17th. Jefferies Financial Group reduced their price target on shares of Sunrun from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. Guggenheim lowered shares of Sunrun from a "buy" rating to a "neutral" rating in a report on Thursday, November 7th. Finally, Glj Research reaffirmed a "sell" rating and set a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Sunrun has an average rating of "Hold" and an average price target of $19.21.

Sunrun Stock Up 0.2 %

Sunrun stock traded up $0.02 during mid-day trading on Wednesday, reaching $10.12. The stock had a trading volume of 3,104,455 shares, compared to its average volume of 11,642,041. 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 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 one year low of $9.01 and a one year high of $22.26. The company has a 50-day moving average price of $11.66 and a two-hundred day moving average price of $15.01.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the transaction, the director now owns 1,041,753 shares of the company's stock, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Danny Abajian sold 4,869 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $79,608.15. Following the sale, the chief financial officer now directly owns 269,393 shares of the company's stock, valued at approximately $4,404,575.55. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,691 shares of company stock worth $2,011,601. Corporate insiders own 3.77% of the company's stock.

Sunrun 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.