Sunrun Inc. (NASDAQ:RUN) Position Decreased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. reduced its holdings in Sunrun Inc. (NASDAQ:RUN) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,035 shares of the energy company’s stock after selling 12,736 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Sunrun were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RUN. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun in the 3rd quarter worth $44,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun during the fourth quarter worth $56,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sunrun during the fourth quarter valued at $94,000. Finally, Alterna Wealth Management Inc. acquired a new position in shares of Sunrun in the 4th quarter valued at $96,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 3rd. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. UBS Group reduced their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $8.00 in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster bought 150,000 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. This represents a 12.42 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,466 shares of company stock valued at $1,136,397 over the last 90 days. 3.77% of the stock is currently owned by company insiders.

Sunrun Stock Performance

RUN opened at $5.94 on Friday. The stock has a 50-day moving average of $7.89 and a 200-day moving average of $11.30. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 52-week low of $5.91 and a 52-week high of $22.26. The company has a market cap of $1.34 billion, a PE ratio of -3.26 and a beta of 2.84.

Sunrun Company 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.