Pacific Capital Wealth Advisors Inc. Increases Position in Sunrun Inc. (NASDAQ:RUN)

Pacific Capital Wealth Advisors Inc. increased its position in Sunrun Inc. (NASDAQ:RUN) by 102.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 80,732 shares of the energy company’s stock after buying an additional 40,942 shares during the period. Pacific Capital Wealth Advisors Inc.’s holdings in Sunrun were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RUN. International Assets Investment Management LLC boosted its position in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its stake 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 worth $33,000 after acquiring an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the 3rd quarter valued at about $44,000. Union Bancaire Privee UBP SA purchased a new position in shares of Sunrun in the 4th quarter valued at about $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Sunrun in the 3rd quarter worth about $135,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of RUN stock opened at $10.19 on Tuesday. Sunrun Inc. has a 12 month low of $8.22 and a 12 month high of $22.26. The firm has a market capitalization of $2.29 billion, a P/E ratio of -5.60 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $14.52.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $537.17 million during the quarter, compared to the consensus estimate of $560.60 million. During the same quarter last year, the firm posted $0.40 EPS. On average, research analysts anticipate that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RUN shares. The Goldman Sachs Group cut their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Truist Financial reaffirmed a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Glj Research reaffirmed a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and an average price target of $18.51.

Insider Transactions at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the transaction, the chief executive officer now directly owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,830 shares of company stock worth $1,614,147. 3.77% of the stock is currently owned by corporate insiders.

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.