Mackenzie Financial Corp Sells 24,888 Shares of Sunnova Energy International Inc. (NYSE:NOVA)

Mackenzie Financial Corp decreased its stake in shares of Sunnova Energy International Inc. (NYSE:NOVA) by 21.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,769 shares of the company’s stock after selling 24,888 shares during the quarter. Mackenzie Financial Corp’s holdings in Sunnova Energy International were worth $1,384,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Sunnova Energy International by 3.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,397 shares of the company’s stock valued at $465,000 after purchasing an additional 1,528 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Sunnova Energy International by 8.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 20,898 shares of the company’s stock valued at $325,000 after purchasing an additional 1,554 shares during the period. Principal Financial Group Inc. boosted its holdings in Sunnova Energy International by 14.0% in the 3rd quarter. Principal Financial Group Inc. now owns 12,893 shares of the company’s stock valued at $135,000 after purchasing an additional 1,584 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Sunnova Energy International by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 66,485 shares of the company’s stock valued at $696,000 after purchasing an additional 1,962 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Sunnova Energy International by 12.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 25,767 shares of the company’s stock valued at $393,000 after purchasing an additional 2,909 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NOVA. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $6.00 price target (down previously from $11.00) on shares of Sunnova Energy International in a report on Friday, April 19th. B. Riley cut their price target on shares of Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group cut their price target on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Janney Montgomery Scott raised shares of Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, March 22nd. Finally, Northland Securities reaffirmed a “market perform” rating and set a $9.00 price target (down previously from $12.00) on shares of Sunnova Energy International in a report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.48.

Insider Transactions at Sunnova Energy International

In other news, Director Akbar Mohamed acquired 152,450 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the completion of the transaction, the director now directly owns 236,139 shares in the company, valued at approximately $1,634,081.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul S. Mathews sold 9,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $5.31, for a total transaction of $50,445.00. Following the transaction, the insider now directly owns 14,007 shares of the company’s stock, valued at $74,377.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Akbar Mohamed bought 152,450 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $6.92 per share, for a total transaction of $1,054,954.00. Following the completion of the purchase, the director now owns 236,139 shares of the company’s stock, valued at $1,634,081.88. The disclosure for this purchase can be found here. Insiders sold a total of 23,580 shares of company stock worth $137,382 over the last three months. 4.50% of the stock is owned by company insiders.

Sunnova Energy International Stock Performance

Shares of NYSE NOVA opened at $3.92 on Thursday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.85 and a current ratio of 0.85. Sunnova Energy International Inc. has a 52-week low of $3.52 and a 52-week high of $24.56. The firm has a 50 day moving average price of $5.94 and a two-hundred day moving average price of $9.40. The stock has a market cap of $485.45 million, a P/E ratio of -1.12 and a beta of 2.08.

Sunnova Energy International (NYSE:NOVA) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. The firm had revenue of $194.18 million during the quarter, compared to analysts’ expectations of $226.09 million. As a group, equities analysts forecast that Sunnova Energy International Inc. will post -2.28 EPS for the current year.

Sunnova Energy International Profile

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.