About Pattern Energy Group
Pattern Energy Group Inc. is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement. The Company sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term and fixed-price power purchase agreements (PPAs). The Company's operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas; Grand, Ontario; Post Rock, Kansas; Lost Creek, Missouri; K2, Ontario; Logan's Gap, Texas, Amazon Wind Farm Fowler Ridge, Indiana, and Armow Wind power facility in Ontario, Canada.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Diversified Utilities
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: PEGI
- Previous Close: $21.09
- 50 Day Moving Average: $19.93
- 200 Day Moving Average: $21.23
- 52-Week Range: $14.56 - $25.13
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 95.86
- P/E Growth: -4.02
- Market Cap: $1.84B
- Outstanding Shares: 87,469,000
- Beta: 1.04
- Net Margins: -7.83%
- Return on Equity: 0.16%
- Return on Assets: 0.07%
Companies Related to Pattern Energy Group:
- Debt-to-Equity Ratio: 0.71%
- Current Ratio: 0.95%
- Quick Ratio: 0.95%
What is Pattern Energy Group's stock symbol?
Pattern Energy Group trades on the NASDAQ under the ticker symbol "PEGI."
How often does Pattern Energy Group pay dividends? What is the dividend yield for Pattern Energy Group?
Pattern Energy Group declared a quarterly dividend on Monday, November 7th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.408 per share on Tuesday, January 31st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date is Wednesday, December 28th. This is a positive change from Pattern Energy Group's previous quarterly dividend of $0.40.
Where is Pattern Energy Group's stock going? Where will Pattern Energy Group's stock price be in 2017?
10 brokerages have issued 12-month price objectives for Pattern Energy Group's shares. Their forecasts range from $22.00 to $36.00. On average, they anticipate Pattern Energy Group's share price to reach $27.25 in the next year.
When will Pattern Energy Group announce their earnings?
Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.
What are analysts saying about Pattern Energy Group stock?
Here are some recent quotes from research analysts about Pattern Energy Group stock:
According to Zacks Investment Research, "Pattern Energy Group Inc. is a premium power company. It engages in developing, constructing, owning and operating wind power. The company's project situated primarily in the United States, Canada and parts of Latin America. Pattern Energy Group Inc. is based in San Francisco, United States. " (2/11/2017)
Credit Suisse Group analysts commented, "We initiate coverage of Pattern Energy Group (Pattern) with an Outperform rating and a $22 target price. Substantial near- term growth vs current levels is secured through recent acquisitions, longer- term growth is insulated from a more uncertain US renewable energy policy outlook, and the stock is trading near our assessment of net asset value. Disciplined Approach, but Definitely Growth: We model a 10% dividend CAGR 2016-2020 and more substantial CAFD/share growth over the same period." (11/17/2016)
Who owns Pattern Energy Group stock?
Pattern Energy Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Carlyle Group L.P. (19.39%), FMR LLC (2.61%), Ecofin Ltd. (2.40%), Dimensional Fund Advisors LP (1.83%), Advisory Research Inc. (1.71%) and State Street Corp (1.39%). Company insiders that own Pattern Energy Group stock include Alan R Batkin, Christopher M Shugart, Daniel M Elkort, Douglas G Hall, Eric S Lillybeck, Esben W Pedersen, Kevin E Devlin, Lord Of Madingley Browne, Michael J Lyon and Patricia S Bellinger.
Who sold Pattern Energy Group stock? Who is selling Pattern Energy Group stock?
Pattern Energy Group's stock was sold by a variety of institutional investors in the last quarter, including Scotia Capital Inc., Two Sigma Investments LP, Credit Agricole S A, Raymond James Financial Services Advisors Inc., Ladenburg Thalmann Financial Services Inc. and Tudor Investment Corp Et Al. Company insiders that have sold Pattern Energy Group stock in the last year include Christopher M Shugart, Daniel M Elkort, Eric S Lillybeck and Esben W Pedersen.
Who bought Pattern Energy Group stock? Who is buying Pattern Energy Group stock?
Pattern Energy Group's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Advisory Research Inc., Ecofin Ltd., Intact Investment Management Inc., Blackstart Capital LP, Baird Financial Group Inc., Renaissance Technologies LLC and State Street Corp. Company insiders that have bought Pattern Energy Group stock in the last two years include Alan R Batkin, Douglas G Hall, Kevin E Devlin, Lord Of Madingley Browne, Michael J Lyon and Patricia S Bellinger.
How do I buy Pattern Energy Group stock?
Shares of Pattern Energy Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Pattern Energy Group stock cost?
One share of Pattern Energy Group stock can currently be purchased for approximately $21.09.