Truist Financial Corp Lowers Holdings in Sunrun Inc. (NASDAQ:RUN)

Truist Financial Corp trimmed its position in Sunrun Inc. (NASDAQ:RUNGet Rating) by 22.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,677 shares of the energy company’s stock after selling 11,449 shares during the period. Truist Financial Corp’s holdings in Sunrun were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new position in Sunrun in the 3rd quarter valued at $121,000. Texas Permanent School Fund boosted its position in shares of Sunrun by 0.5% during the 3rd quarter. Texas Permanent School Fund now owns 152,465 shares of the energy company’s stock worth $4,207,000 after purchasing an additional 691 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Sunrun by 9.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 148,852 shares of the energy company’s stock worth $4,107,000 after purchasing an additional 12,790 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Sunrun during the 3rd quarter worth $1,556,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Sunrun during the 3rd quarter worth $237,000. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,029 shares of Sunrun stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $29.43, for a total value of $59,713.47. Following the completion of the sale, the executive now owns 161,036 shares in the company, valued at approximately $4,739,289.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Paul S. Dickson sold 2,029 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $29.43, for a total value of $59,713.47. Following the completion of the transaction, the executive now owns 161,036 shares of the company’s stock, valued at $4,739,289.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Harris Fenster sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $24.92, for a total value of $2,492,000.00. Following the transaction, the insider now directly owns 1,311,406 shares of the company’s stock, valued at approximately $32,680,237.52. The disclosure for this sale can be found here. Insiders sold 276,143 shares of company stock worth $7,387,001 in the last 90 days. 4.29% of the stock is owned by company insiders.

Sunrun Stock Down 10.4 %

RUN opened at $25.45 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.74 and a quick ratio of 1.19. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 87.76 and a beta of 2.26. The business has a 50-day moving average of $28.14 and a two-hundred day moving average of $28.57. Sunrun Inc. has a 12 month low of $16.80 and a 12 month high of $39.13.

Sunrun (NASDAQ:RUNGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The energy company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.97. The company had revenue of $631.91 million during the quarter, compared to analysts’ expectations of $542.20 million. Sunrun had a return on equity of 1.23% and a net margin of 3.35%. On average, research analysts expect that Sunrun Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RUN. Janney Montgomery Scott began coverage on shares of Sunrun in a research report on Thursday, December 1st. They set a “neutral” rating and a $30.00 target price on the stock. Guggenheim decreased their target price on shares of Sunrun from $59.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. Wolfe Research lowered shares of Sunrun from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 20th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Monday, December 19th. Finally, Wells Fargo & Company raised Sunrun from an “equal weight” rating to an “overweight” rating and set a $32.00 price target for the company in a research note on Friday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.53.

Sunrun Profile

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Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.

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Want to see what other hedge funds are holding RUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunrun Inc. (NASDAQ:RUNGet Rating).

Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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