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

Mackenzie Financial Corp trimmed its position in Sunnova Energy International Inc. (NYSE:NOVA) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,769 shares of the company’s stock after selling 24,888 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Sunnova Energy International worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Sunnova Energy International by 34.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,527 shares of the company’s stock valued at $184,000 after acquiring an additional 4,450 shares during the period. Raymond James & Associates boosted its holdings in Sunnova Energy International by 19.5% during the third quarter. Raymond James & Associates now owns 95,096 shares of the company’s stock valued at $996,000 after acquiring an additional 15,503 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Sunnova Energy International by 3.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 66,485 shares of the company’s stock valued at $696,000 after acquiring an additional 1,962 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Sunnova Energy International by 4.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 105,299 shares of the company’s stock valued at $1,102,000 after acquiring an additional 4,411 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Sunnova Energy International by 3.7% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,426 shares of the company’s stock valued at $1,900,000 after acquiring an additional 6,425 shares during the period.

Insider Activity at Sunnova Energy International

In related news, Director Akbar Mohamed purchased 152,450 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the acquisition, 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 the SEC website. In related news, Director Akbar Mohamed purchased 152,450 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $6.92 per share, with a total value of $1,054,954.00. Following the completion of the acquisition, 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 the SEC website. Also, insider Jack O. Lynch III sold 12,994 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $6.21, for a total transaction of $80,692.74. The disclosure for this sale can be found here. Insiders sold a total of 23,580 shares of company stock valued at $137,382 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp cut shares of Sunnova Energy International from an “overweight” rating to a “sector weight” rating in a report on Tuesday. Janney Montgomery Scott upgraded shares of Sunnova Energy International from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, March 22nd. Susquehanna reduced their target price on shares of Sunnova Energy International from $20.00 to $12.00 and set a “positive” rating for the company in a research note on Friday, April 5th. B. Riley reduced their target price on shares of Sunnova Energy International from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on shares of Sunnova Energy International from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.48.

Sunnova Energy International Stock Performance

NYSE NOVA opened at $3.92 on Thursday. The firm has a market cap of $485.45 million, a price-to-earnings ratio of -1.12 and a beta of 2.08. The company has a 50 day moving average of $5.94 and a 200-day moving average of $9.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.58. Sunnova Energy International Inc. has a 1-year low of $3.52 and a 1-year high of $24.56.

Sunnova Energy International (NYSE:NOVA) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. The company had revenue of $194.18 million during the quarter, compared to analyst estimates of $226.09 million. Sunnova Energy International had a negative net margin of 58.00% and a negative return on equity of 13.26%. On average, equities analysts forecast that Sunnova Energy International Inc. will post -2.28 earnings per share for the current fiscal 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.