Pattern Energy Group Company Profile (NASDAQ:PEGI)

About Pattern Energy Group

Pattern Energy Group logoPattern Energy Group Inc. (Pattern Energy) is an independent power company focused on owning and operating power projects. The Company holds interests in over 16 wind power projects located in the United States, Canada and Chile with total capacity of over 2,280 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement. Pattern Energy 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 include 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, and Amazon Wind Farm Fowler Ridge, Indiana.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Diversified Utilities
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: PEGI
  • CUSIP:
Key Metrics:
  • Previous Close: $23.58
  • 50 Day Moving Average: $23.92
  • 200 Day Moving Average: $20.89
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 98.25
  • P/E Growth: -5.33
  • Market Cap: $1.80B
  • Outstanding Shares: 76,170,000
  • Beta: 1.16
Additional Links:
Companies Related to Pattern Energy Group:

Analyst Ratings

Consensus Ratings for Pattern Energy Group (NASDAQ:PEGI) (?)
Ratings Breakdown: 9 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $26.13 (10.79% upside)

Analysts' Ratings History for Pattern Energy Group (NASDAQ:PEGI)
Show:
DateFirmActionRatingPrice TargetDetails
8/18/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
7/5/2016BMO Capital MarketsReiterated RatingOutperform$23.00 -> $25.00View Rating Details
6/7/2016Royal Bank Of CanadaReiterated RatingOutperformView Rating Details
4/13/2016GuggenheimInitiated CoverageBuy$26.00View Rating Details
3/1/2016Raymond James Financial Inc.Lower Price TargetOutperform$27.00 -> $25.00View Rating Details
2/29/2016Avondale PartnersReiterated RatingOutperformView Rating Details
12/8/2015JPMorgan Chase & Co.Boost Price TargetOverweight$25.00 -> $26.00View Rating Details
11/17/2015National Bank FinancialDowngradeSector Perform Under Weight -> Outperfrom Under WeightView Rating Details
11/2/2015CIBCLower Price TargetSector Outperform$31.50 -> $31.00View Rating Details
10/29/2015Bank of America Corp.UpgradeNeutral -> Buy$29.00View Rating Details
8/11/2015ScotiabankLower Price Target$38.00 -> $30.00View Rating Details
5/8/2015DesjardinsUpgradeHold -> Buy$32.50 -> $33.88View Rating Details
4/22/2015KeyCorpBoost Price TargetOverweight$34.00 -> $35.00View Rating Details
4/14/2015Citigroup Inc.Initiated CoverageBuy$35.00View Rating Details
11/11/2014MacquarieUpgradeNeutral -> Outperform$34.00 -> $36.00View Rating Details
(Data available from 8/28/2014 forward)

Earnings

Earnings History for Pattern Energy Group (NASDAQ:PEGI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2016        
8/5/2016Q216$0.04($0.04)$103.00 million$93.40 millionViewN/AView Earnings Details
5/9/2016Q116$0.02($0.32)$97.37 million$87.60 millionViewN/AView Earnings Details
2/29/2016Q415$0.06$0.03$98.79 million$90.60 millionViewListenView Earnings Details
11/5/2015Q315($0.07)($0.14)$88.05 million$89.70 millionViewN/AView Earnings Details
8/10/2015Q215$0.11$0.21$80.48 million$84.70 millionViewListenView Earnings Details
5/7/2015$0.13($0.29)ViewN/AView Earnings Details
3/2/2015Q4 14$0.07($0.36)$79.40 millionViewN/AView Earnings Details
10/31/2014Q314$0.75($0.15)$2.78 billion$71.00 millionViewN/AView Earnings Details
8/5/2014Q214$0.25$0.20$65.60 million$66.05 millionViewN/AView Earnings Details
5/2/2014Q114$0.96($0.20)$57.18 billion$49.50 billionViewN/AView Earnings Details
2/28/2014Q413($0.19)($0.17)$53.96 million$41.77 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Pattern Energy Group (NASDAQ:PEGI)
Current Year EPS Consensus Estimate: $-0.44 EPS
Next Year EPS Consensus Estimate: $0.24 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.03$0.03$0.03
Q2 20162$0.03$0.07$0.05
Q3 20162($0.11)($0.09)($0.10)
Q4 20162$0.05$0.12$0.09
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Pattern Energy Group (NASDAQ:PEGI)
Annual Dividend:$1.56
Dividend Yield:6.62%
Payout Ratio:-213.70% (Based on Trailing 12 Months of Earnings)
-354.55% (Based on Current Year Consensus EPS Estimate)
650.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for Pattern Energy Group (NASDAQ:PEGI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/5/2016quarterly$0.406.53%9/28/20169/30/201610/31/2016
5/9/2016quarterly$0.397.64%6/28/20166/30/20167/29/2016
2/29/2016quarterly$0.388.31%3/29/20163/31/20164/29/2016
11/5/2015quarterly$0.376.74%12/29/201512/31/20151/29/2016
7/21/2015quarterly$0.366.13%9/28/20159/30/201510/30/2015
5/8/2015quarterly$0.354.95%6/26/20156/30/20157/30/2015
3/2/2015quarterly$0.343/27/20153/31/20154/30/2015
10/31/2014quarterly$0.334.66%12/29/201412/31/20141/30/2015
8/5/2014quarterly$0.334.36%9/26/20149/30/201410/30/2014
5/5/2014quarterly$0.324.95%6/26/20146/30/20147/30/2014
2/28/2014quarterly$0.314.42%3/27/20143/31/20144/30/2014
11/26/2013special$0.3112/27/201312/31/20131/30/2014
11/26/2013quarterly$0.3112/31/20131/30/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Pattern Energy Group (NASDAQ:PEGI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/18/2016Daniel M ElkortVPSell11,290$23.80$268,702.00View SEC Filing  
8/16/2016Patricia S BellingerDirectorBuy2,000$23.01$46,020.00View SEC Filing  
8/15/2016Kevin E DevlinSVPBuy1,271$23.97$30,465.87View SEC Filing  
8/12/2016Eric S LillybeckVPSell4,000$23.84$95,360.00View SEC Filing  
8/1/2016Christopher M ShugartVPSell500$24.30$12,150.00View SEC Filing  
8/1/2016Esben W PedersenInsiderSell1,200$24.30$29,160.00View SEC Filing  
7/11/2016Christopher M ShugartVPSell3,500$24.00$84,000.00View SEC Filing  
6/30/2016Esben W PedersenCIOSell1,200$23.00$27,600.00View SEC Filing  
12/1/2015Douglas G HallDirectorBuy5,500$18.09$99,495.00View SEC Filing  
11/4/2015Christopher M. ShugartVPSell3,000$24.00$72,000.00View SEC Filing  
11/3/2015Esben W PedersenCIOSell3,600$24.00$86,400.00View SEC Filing  
8/20/2015Douglas G HallDirectorBuy4,000$22.85$91,400.00View SEC Filing  
8/14/2015Alan R BatkinDirectorBuy5,000$23.15$115,750.00View SEC Filing  
8/14/2015Michael J LyonCFOBuy9,000$23.12$208,080.00View SEC Filing  
7/1/2015Christopher M ShugartVPSell1,000$28.66$28,660.00View SEC Filing  
7/1/2015Esben W PedersenCIOSell1,200$28.66$34,392.00View SEC Filing  
6/2/2015Christopher M ShugartVPSell1,700$29.17$49,589.00View SEC Filing  
4/6/2015Christopher M ShugartVPSell1,400$30.00$42,000.00View SEC Filing  
2/9/2015Renewable Energy Gp Ii L R/CMajor ShareholderSell5,000,000$29.25$146,250,000.00View SEC Filing  
1/7/2015Christopher M ShugartVPSell1,000$26.72$26,720.00View SEC Filing  
1/2/2015Esben W PedersenCIOSell1,200$24.62$29,544.00View SEC Filing  
11/17/2014Patricia S BellingerDirectorBuy1,000$27.07$27,070.00View SEC Filing  
11/7/2014Eric S LillybeckVPSell2,712$26.80$72,681.60View SEC Filing  
8/15/2014Patricia S BellingerDirectorBuy1,000$30.89$30,890.00View SEC Filing  
5/14/2014Daniel ElkortVPSell5,354$29.25$156,604.50View SEC Filing  
5/14/2014Patricia BellingerDirectorBuy1,500$28.83$43,245.00View SEC Filing  
5/13/2014Eric LillybeckVPSell6,615$29.30$193,819.50View SEC Filing  
5/13/2014Renewable Energy Gp Ii R/Cmajor shareholderSell2,754,413$27.75$76,434,960.75View SEC Filing  
3/12/2014Patricia NewsonDirectorBuy5,000$27.75$138,750.00View SEC Filing  
3/7/2014Patricia BellingerDirectorBuy1,500$28.50$42,750.00View SEC Filing  
10/8/2013Renewable Energy Gp Ii L R/CDirectorSell2,400,000$20.79$49,896,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Pattern Energy Group (NASDAQ:PEGI)
DateHeadline
4-traders.com logoPattern Energy : Announces Closing of Over-Allotment Option for Class A Common Stock (NASDAQ:PEGI)
www.4-traders.com - August 24 at 6:31 PM
4-traders.com logoPATTERN ENERGY GROUP INC. : Other Events, Financial Statements and Exhibits (form 8-K) (NASDAQ:PEGI)
www.4-traders.com - August 22 at 11:22 AM
publicnow.com logoPattern Energy Announces Closing of Over-Allotment Option for Class A Common Stock (NASDAQ:PEGI)
www.publicnow.com - August 22 at 11:22 AM
istreetwire.com logoStocks Movement Analysis: Pattern Energy Group Inc (NASDAQ ... - iStreetWire (NASDAQ:PEGI)
istreetwire.com - August 20 at 6:26 PM
News IconIt's Earnings Time: What to Do with Pattern Energy Group Inc. (NASDAQ:PEGI) Stock - The Voice Registrar (NASDAQ:PEGI)
voiceregistrar.com - August 17 at 7:03 PM
News IconPattern Energy Group Inc. (NASDAQ:PEGI) Near to Lift Curtain on September 2016 Earnings - The Voice Registrar (NASDAQ:PEGI)
voiceregistrar.com - August 17 at 7:03 PM
capitalcube.com logoPattern Energy Group, Inc. breached its 50 day moving average in a Bearish Manner : PEGI-US : August 17, 2016 (NASDAQ:PEGI)
www.capitalcube.com - August 17 at 9:48 AM
streetinsider.com logoPattern Energy (PEGI) Affirms Talks to Take Stake in Ontario-Located Armow Wind Power Facility - StreetInsider.com (NASDAQ:PEGI)
www.streetinsider.com - August 16 at 6:54 PM
finance.yahoo.com logo4:32 pm Pattern Energy says in discussions to acquire a 90 MW interest in the 180 MW Armow Wind power facility in Ontario from Pattern Energy Group LP (NASDAQ:PEGI)
finance.yahoo.com - August 16 at 6:54 PM
publicnow.com logoPattern Energy Announces It is in Discussions to Acquire Interest in Armow Wind Power Facility in Ontario (NASDAQ:PEGI)
www.publicnow.com - August 16 at 6:54 PM
News IconTraders Recap: Pattern Energy Group Inc (NASDAQ:PEGI), Celanese Corporation (NYSE:CE) - NYSE Journal (press release) (NASDAQ:PEGI)
stockznews.com - August 16 at 10:01 AM
News IconUPDATE - Pattern Energy closes USD-239m share sale (NASDAQ:PEGI)
renewables.seenews.com - August 12 at 6:54 PM
forbes.com logoPEGI Added as Top 10 Utility Dividend Stock With 6.70% Yield (NASDAQ:PEGI)
www.forbes.com - August 12 at 9:57 AM
publicnow.com logoPattern Energy Announces Closing of Public Offering of Class A Common Stock (NASDAQ:PEGI)
www.publicnow.com - August 12 at 9:56 AM
forbes.com logoInvestors Grab PEGI Even Cheaper Than Its Secondary Stock Offering (NASDAQ:PEGI)
www.forbes.com - August 11 at 7:15 PM
capitalcube.com logoETF’s with exposure to Pattern Energy Group, Inc. : August 11, 2016 (NASDAQ:PEGI)
www.capitalcube.com - August 11 at 7:15 PM
News IconHot Stocks in Focus: Pattern Energy Group Inc (NASDAQ:PEGI ... - NYSE Journal (press release) (NASDAQ:PEGI)
stockznews.com - August 9 at 7:02 PM
nasdaq.com logoPattern Energy (PEGI) Beats Earnings, Misses on Revenues - Nasdaq (NASDAQ:PEGI)
www.nasdaq.com - August 9 at 7:02 PM
thestreet.com logoPattern Energy Group (PEGI) Is Today's Pre-Market Mover With Heavy Volume Stock (NASDAQ:PEGI)
www.thestreet.com - August 9 at 9:58 AM
publicnow.com logoPattern Energy Announces US$239 Million Bought-Deal Public Offering of Class A Common Stock (NASDAQ:PEGI)
www.publicnow.com - August 8 at 7:00 PM
finance.yahoo.com logoEdited Transcript of PEGI earnings conference call or presentation 5-Aug-16 2:30pm GMT (NASDAQ:PEGI)
finance.yahoo.com - August 6 at 9:34 AM
News IconPattern Energy Celebrates Dedication of 150 MW Amazon Wind ... - POWER magazine (NASDAQ:PEGI)
www.powermag.com - August 5 at 6:58 PM
finance.yahoo.com logoPattern Energy Reports Second Quarter 2016 Financial Results (NASDAQ:PEGI)
ca.finance.yahoo.com - August 5 at 9:51 AM
sg.finance.yahoo.com logoPattern Energy reports 2Q loss (NASDAQ:PEGI)
sg.finance.yahoo.com - August 5 at 9:51 AM
biz.yahoo.com logoQ2 2016 Pattern Energy Group Inc Earnings Release - Before Market Open (NASDAQ:PEGI)
biz.yahoo.com - August 5 at 9:51 AM
finance.yahoo.com logoUtilities to Report Earnings on Aug 5: AEE, AES, CNP & PEGI (NASDAQ:PEGI)
finance.yahoo.com - August 4 at 9:57 AM
finance.yahoo.com logoConsolidated Edison (ED) Q2 Earnings: What's in Cards? (NASDAQ:PEGI)
finance.yahoo.com - August 2 at 11:44 AM
News IconThe Key Numbers To Watch From Pattern Energy Group Inc. (NASDAQ:PEGI)'s Earnings - The Voice Registrar (NASDAQ:PEGI)
voiceregistrar.com - August 1 at 6:32 PM
investornewswire.com logoWill Pattern Energy Group Inc. (NASDAQ:PEGI) Surprise Analysts? - Investor Newswire (NASDAQ:PEGI)
www.investornewswire.com - August 1 at 6:32 PM
tradecalls.org logoPattern Energy Group (PEGI) Shares are Up 1.52% - Trade Calls (NASDAQ:PEGI)
www.tradecalls.org - July 26 at 7:05 PM
prnewswire.com logoPattern Energy to Host 2016 Second Quarter Results Conference Call - PR Newswire (press release) (NASDAQ:PEGI)
www.prnewswire.com - July 24 at 6:18 PM
twst.com logoPattern Energy Group Inc.: Pattern Energy to Host 2016 Second Quarter Results Conference Call (NASDAQ:PEGI)
www.twst.com - July 22 at 6:38 PM
publicnow.com logoPattern Energy to Host 2016 Second Quarter Results Conference Call (NASDAQ:PEGI)
www.publicnow.com - July 22 at 11:18 AM
News IconEarnings Focus and Crowd Sourced Sentiment Review for Pattern Energy Group Inc. (NASDAQ:PEGI) - TGP (NASDAQ:PEGI)
telanaganapress.com - July 20 at 7:34 PM
News IconStock Focus: Following Analyst Expectations on Shares of Pattern Energy Group Inc. (NASDAQ:PEGI) - TGP (NASDAQ:PEGI)
telanaganapress.com - July 20 at 7:34 PM
News IconSolid Performer in Focus: Pattern Energy Group Inc. (NASDAQ:PEGI) - Engelwood Daily (NASDAQ:PEGI)
www.engelwooddaily.com - July 20 at 7:34 PM
News IconShares Positive Over the Past Month: Pattern Energy Group Inc. (NASDAQ:PEGI) - TGP (NASDAQ:PEGI)
telanaganapress.com - July 20 at 7:34 PM
seekingalpha.com logoYieldcos Don't Yo-Yo Like You Might Expect - The Rising Stock Price Of Pattern Energy Will Cause It Rise More (NASDAQ:PEGI)
seekingalpha.com - July 18 at 6:52 PM
tradecalls.org logoShares of Pattern Energy Group (PEGI) Drops by -0.04% - Trade Calls (NASDAQ:PEGI)
www.tradecalls.org - July 18 at 12:15 PM
4-traders.com logoPattern Energy : Siemens Hutchinson plant produces 141 turbines for project in New Mexico and Texas (NASDAQ:PEGI)
www.4-traders.com - July 17 at 10:59 AM
News IconShares Moving Down on the Week: Pattern Energy Group Inc. (NASDAQ:PEGI) - Engelwood Daily (NASDAQ:PEGI)
www.engelwooddaily.com - July 16 at 6:18 PM
istreetwire.com logoThree Movers to Watch for: Cepheid (CPHD), Pattern Energy Group Inc. (PEGI), McKesson Corporation (MCK) - iStreetWire (NASDAQ:PEGI)
istreetwire.com - July 16 at 10:02 AM
tradecalls.org logoPattern Energy Group (PEGI): Price Target and June Short Interest Disclosure - Trade Calls (NASDAQ:PEGI)
www.tradecalls.org - July 15 at 11:51 AM
news.cmlviz.com logoPattern Energy Group Inc Stock Momentum Hits Strength - CML News (NASDAQ:PEGI)
news.cmlviz.com - July 14 at 7:03 PM
News IconStock Providing Gains on the Month for Investors: Pattern Energy Group Inc. (NASDAQ:PEGI) - Telanagana Press (NASDAQ:PEGI)
telanaganapress.com - July 13 at 9:42 AM
News IconPattern Energy Group Inc. (NASDAQ:PEGI) Wall Street Analyst Recommendation Outlook - Telanagana Press (NASDAQ:PEGI)
telanaganapress.com - July 13 at 9:42 AM
News IconThe Senior VP – Operations of Pattern Energy Group Inc (NASDAQ:PEGI), Christopher Shugart Unloaded 3500 Shares - Press Telegraph (NASDAQ:PEGI)
presstelegraph.com - July 13 at 9:42 AM
bizjournals.com logoActive Equities to Watch in the Utilities Sector -- ONEOK, Clean Energy Fuels, Questar, and Pattern Energy Group (NASDAQ:PEGI)
www.bizjournals.com - July 12 at 11:08 AM
News IconLarge Inflow of Money Witnessed in Pattern Energy Group - TheFounders Daily (NASDAQ:PEGI)
www.thefoundersdaily.com - July 10 at 6:05 PM
News IconStock on the Rise for the Quarter: Pattern Energy Group Inc. (NASDAQ:PEGI) - Engelwood Daily (NASDAQ:PEGI)
www.engelwooddaily.com - July 10 at 6:05 PM

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Pattern Energy Group (NASDAQ:PEGI) Chart for Sunday, August, 28, 2016


Last Updated on 8/28/2016 by MarketBeat.com Staff