Pacific Capital Wealth Advisors Inc. Sells 5,549 Shares of Sunrun Inc. (NASDAQ:RUN)

Pacific Capital Wealth Advisors Inc. reduced its position in Sunrun Inc. (NASDAQ:RUN) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,790 shares of the energy company’s stock after selling 5,549 shares during the period. Pacific Capital Wealth Advisors Inc.’s holdings in Sunrun were worth $781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RUN. C M Bidwell & Associates Ltd. grew its holdings in Sunrun by 1,483.9% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after acquiring an additional 2,211 shares during the period. Fifth Third Bancorp increased its holdings in Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc lifted its stake in Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after buying an additional 1,127 shares during the period. USCF Advisers LLC boosted its holdings in Sunrun by 130.0% during the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock worth $45,000 after buying an additional 1,300 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Sunrun during the third quarter worth about $53,000. Institutional investors own 91.69% of the company’s stock.

Insider Buying and Selling

In related news, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 4,830 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $58,539.60. Following the completion of the transaction, the director now directly owns 1,403,915 shares in the company, valued at $17,015,449.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,760 shares of company stock worth $3,615,990. Company insiders own 3.76% of the company’s stock.

Sunrun Stock Down 2.3 %

Shares of NASDAQ:RUN traded down $0.27 during midday trading on Wednesday, reaching $11.51. The company had a trading volume of 9,327,818 shares, compared to its average volume of 13,641,943. Sunrun Inc. has a 1-year low of $8.43 and a 1-year high of $23.85. The stock has a market cap of $2.55 billion, a PE ratio of -1.59 and a beta of 2.50. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average price is $11.36 and its 200 day moving average price is $13.15.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The company had revenue of $516.59 million during the quarter, compared to analyst estimates of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. Research analysts forecast that Sunrun Inc. will post -1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RUN. Mizuho cut their price target on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Truist Financial reissued a “hold” rating and set a $14.00 price target (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Susquehanna restated a “positive” rating and issued a $25.00 price objective on shares of Sunrun in a research report on Friday, April 5th. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $19.00 price target on shares of Sunrun in a report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and a consensus price target of $21.26.

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.