About Pattern Energy Group (NASDAQ:PEGI)
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: Independent Power Producers
- Sub-Industry: N/A
- Symbol: NASDAQ:PEGI
- CUSIP: N/A
- Web: www.patternenergy.com
- Market Cap: $2.07524 billion
- Outstanding Shares: 87,637,000
- 50 Day Moving Avg: $25.06
- 200 Day Moving Avg: $23.72
- 52 Week Range: $18.68 - $26.56
Sales & Book Value:
- Trailing P/E Ratio: 69.13
- Foreward P/E Ratio: 53.89
- P/E Growth: 6.28
- Annual Revenue: $380.39 million
- Price / Sales: 5.46
- Book Value: $10.87 per share
- Price / Book: 2.18
- Annual Dividend: $1.68
- Dividend Yield: 7.1%
- EBITDA: $194.55 million
- Net Margins: 7.77%
- Return on Equity: 1.05%
- Return on Assets: 0.52%
- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 1.03%
- Quick Ratio: 1.03%
- Average Volume: 737,017 shs.
- Beta: 1.04
- Short Ratio: 2.8
Frequently Asked Questions for Pattern Energy Group (NASDAQ:PEGI)
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 announced a quarterly dividend on Tuesday, August 8th. Investors of record on Friday, September 29th will be paid a dividend of $0.42 per share on Tuesday, October 31st. This represents a $1.68 annualized dividend and a yield of 7.09%. The ex-dividend date is Thursday, September 28th. This is a boost from Pattern Energy Group's previous quarterly dividend of $0.42. View Pattern Energy Group's Dividend History.
How were Pattern Energy Group's earnings last quarter?
Pattern Energy Group Inc. (NASDAQ:PEGI) announced its earnings results on Tuesday, August, 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.03. The firm earned $107.76 million during the quarter, compared to the consensus estimate of $124.02 million. Pattern Energy Group had a return on equity of 1.05% and a net margin of 7.77%. The company's revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) EPS. View Pattern Energy Group's Earnings History.
When will Pattern Energy Group make its next earnings announcement?
Where is Pattern Energy Group's stock going? Where will Pattern Energy Group's stock price be in 2017?
11 equities research analysts have issued 1 year price objectives for Pattern Energy Group's stock. Their forecasts range from $21.00 to $34.50. On average, they anticipate Pattern Energy Group's stock price to reach $26.40 in the next year. View Analyst Ratings for Pattern Energy Group.
What are analysts saying about Pattern Energy Group stock?
Here are some recent quotes from research analysts about Pattern Energy Group stock:
- 1. 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. " (10/11/2017)
- 2. 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 are some of Pattern Energy Group's key competitors?
Some companies that are related to Pattern Energy Group include Portland General Electric Company (POR), Allete (ALE), ONE Gas (OGS), Hawaiian Electric Industries (HE), Southwest Gas Corporation (SWX), NewJersey Resources Corporation (NJR), Spire (SR), Black Hills Corporation (BKH), TransAlta Renewables (RNW), NRG Yield (NYLD), Avista Corporation (AVA), PNM Resources, Inc. (Holding Co.) (PNM), Pennon Group plc (PNN), Comp En De Mn Cemig ADS (CIG), Telephone and Data Systems (TDS), UIL Holdings (UIL), NorthWestern Corporation (NWE) and Capital Power Corp (CPX).
Who are Pattern Energy Group's key executives?
Pattern Energy Group's management team includes the folowing people:
- Alan R. Batkin, Independent Chairman of the Board
- Michael M. Garland, President, Chief Executive Officer, Director
- Michael J. Lyon, Chief Financial Officer
- Daniel M. Elkort, Executive Vice President, General Counsel
- Hunter H. Armistead, Executive Vice President - Business Development
- Richard A. Ostberg, Senior Vice President, Chief Accounting Officer, Controller
- Kevin Devlin, Senior Vice President, Strategic Operations
- Christopher M. Shugart, Senior Vice President - Operations
- Esben W. Pedersen, Chief Investment Officer
- Kevin Deters, Vice President, Engineering and Construction
Who owns Pattern Energy Group stock?
Pattern Energy Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Narwhal Capital Management (0.09%) and Orinda Asset Management LLC (0.07%). 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, Patricia S Bellinger and Renewable Energy Gp Ii L R/C. View Institutional Ownership Trends for Pattern Energy Group.
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 Orinda Asset Management LLC. Company insiders that have sold Pattern Energy Group stock in the last year include Christopher M Shugart, Daniel M Elkort, Esben W Pedersen and Renewable Energy Gp Ii L R/C. View Insider Buying and Selling for Pattern Energy Group.
Who bought Pattern Energy Group stock? Who is buying Pattern Energy Group stock?
Pattern Energy Group's stock was bought by a variety of institutional investors in the last quarter, including Narwhal Capital Management. 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 and Patricia S Bellinger. View Insider Buying and Selling for Pattern Energy Group.
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.
What is Pattern Energy Group's stock price today?
MarketBeat Community Rating for Pattern Energy Group (NASDAQ PEGI)MarketBeat's community ratings are surveys of what our community members think about Pattern Energy Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Pattern Energy Group stock can currently be purchased for approximately $23.71.
Consensus Ratings for Pattern Energy Group (NASDAQ:PEGI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.73)|
|Consensus Price Target: ||$26.40 (11.35% upside)|Consensus Price Target History for Pattern Energy Group (NASDAQ:PEGI)
Analysts' Ratings History for Pattern Energy Group (NASDAQ:PEGI)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/16/2017||Williams Capital||Initiated Coverage||Buy -> Buy||$28.00||N/A|
|9/23/2017||National Bank Financial||Boost Price Target||Outperform||$27.00 -> $34.50||Medium|
|9/8/2017||BMO Capital Markets||Reiterated Rating||Buy||$28.50||Low|
|6/22/2017||Raymond James Financial, Inc.||Boost Price Target||Outperform||$26.00 -> $27.00||Low|
|6/20/2017||Desjardins||Boost Price Target||Buy||$25.50 -> $26.00||Low|
|6/20/2017||Royal Bank Of Canada||Boost Price Target||Outperform||$24.00 -> $25.00||Low|
|6/20/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||$23.00 -> $24.00||Low|
|4/5/2017||Credit Suisse Group||Reiterated Rating||Buy||$22.00||Medium|
|3/23/2017||Macquarie||Downgrade||Outperform -> Neutral||Low|
|3/14/2017||Goldman Sachs Group Inc||Initiated Coverage||Neutral -> Neutral||$21.00||High|
|3/3/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$36.00 -> $28.00||N/A|
|8/18/2016||Wells Fargo & Company||Reiterated Rating||Buy||N/A|
|2/29/2016||Avondale Partners||Reiterated Rating||Outperform||N/A|
|11/2/2015||CIBC||Lower Price Target||Sector Outperform||$31.50 -> $31.00||N/A|
|10/29/2015||Bank of America Corporation||Upgrade||Neutral -> Buy||$29.00||N/A|
Earnings History for Pattern Energy Group (NASDAQ:PEGI)Earnings History by Quarter for Pattern Energy Group (NASDAQ PEGI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.13||$0.16||$124.02 million||$107.76 million||View||Listen|
|5/9/2017||Q1 2017||$0.03||$0.06||$114.35 million||$100.80 million||View||Listen|
|3/1/2017||Q416||$0.00||$0.16||$105.84 million||$81.06 million||View||Listen|
|11/7/2016||Q316||($0.06)||($0.05)||$98.36 million||$91.90 million||View||Listen|
|8/5/2016||Q216||$0.04||($0.04)||$103.00 million||$93.40 million||View||N/A|
|5/9/2016||Q116||$0.02||($0.32)||$97.37 million||$87.60 million||View||N/A|
|2/29/2016||Q415||$0.06||$0.03||$98.79 million||$90.60 million||View||Listen|
|11/5/2015||Q315||($0.07)||($0.14)||$88.05 million||$89.70 million||View||N/A|
|8/10/2015||Q215||$0.11||$0.21||$80.48 million||$84.70 million||View||Listen|
|5/7/2015||$0.13||($0.29)||$66.90 million||$64.87 million||View||N/A|
|3/2/2015||Q4 14||$0.07||($0.36)||$80.69 million||$79.42 million||View||N/A|
|10/31/2014||Q314||$0.75||($0.15)||$2.78 billion||$71.00 million||View||N/A|
|8/5/2014||Q214||$0.25||$0.20||$65.60 million||$66.05 million||View||N/A|
|5/2/2014||Q114||$0.96||($0.20)||$57.18 billion||$49.50 billion||View||N/A|
|2/28/2014||Q413||($0.19)||($0.17)||$53.96 million||$41.77 million||View||N/A|
Earnings Estimates for Pattern Energy Group (NASDAQ:PEGI)
2017 EPS Consensus Estimate: ($0.07)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Pattern Energy Group (NASDAQ:PEGI)
|Payout Ratio:||509.11% (Trailing 12 Months of Earnings) |
763.64% (Based on This Year's Estimates)
381.82% (Based on Next Year's Estimates)
Dividend History by Quarter for Pattern Energy Group (NASDAQ PEGI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Pattern Energy Group (NASDAQ:PEGI)
Insider Ownership Percentage: 1.60%Insider Trades by Quarter for Pattern Energy Group (NASDAQ:PEGI)
Institutional Ownership Percentage: 95.35%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||Christopher M Shugart||VP||Sell||500||$24.12||$12,060.00|| |
|10/2/2017||Esben W Pedersen||Insider||Sell||2,400||$23.99||$57,576.00|| |
|9/1/2017||Christopher M Shugart||VP||Sell||500||$25.10||$12,550.00|| |
|9/1/2017||Esben W Pedersen||Insider||Sell||1,200||$25.10||$30,120.00|| |
|8/14/2017||Daniel M Elkort||VP||Sell||4,100||$24.08||$98,728.00|| |
|8/1/2017||Christopher M Shugart||VP||Sell||500||$25.18||$12,590.00|| |
|8/1/2017||Esben W Pedersen||Insider||Sell||1,200||$25.18||$30,216.00|| |
|7/3/2017||Christopher M Shugart||VP||Sell||500||$24.00||$12,000.00|| |
|7/3/2017||Esben W Pedersen||Insider||Sell||1,200||$24.00||$28,800.00|| |
|6/21/2017||Renewable Energy Gp Ii L R/C||Major Shareholder||Sell||8,700,000||$21.91||$190,617,000.00|| |
|6/2/2017||Christopher M Shugart||VP||Sell||500||$23.00||$11,500.00|| |
|6/2/2017||Esben W Pedersen||Insider||Sell||1,200||$23.00||$27,600.00|| |
|5/25/2017||Christopher M Shugart||VP||Sell||1,000||$23.00||$23,000.00|| |
|5/25/2017||Esben W Pedersen||Insider||Sell||1,200||$23.00||$27,600.00|| |
|3/13/2017||Patricia S Bellinger||Director||Buy||3,000||$19.74||$59,220.00|| |
|3/9/2017||Patricia S Bellinger||Director||Buy||250||$19.91||$4,977.50|| |
|11/21/2016||Alan R Batkin||Director||Buy||5,000||$19.02||$95,100.00|| |
|11/7/2016||Esben W Pedersen||Insider||Sell||1,200||$23.01||$27,612.00|| |
|10/24/2016||Esben W Pedersen||Insider||Sell||100||$23.00||$2,300.00|| |
|9/1/2016||Christopher M Shugart||VP||Sell||500||$24.00||$12,000.00|| |
|9/1/2016||Esben W Pedersen||Insider||Sell||1,200||$23.80||$28,560.00|| |
|8/31/2016||Lord Of Madingley Browne||Director||Buy||10,000||$23.89||$238,900.00|| |
|8/18/2016||Daniel M Elkort||VP||Sell||11,290||$23.80||$268,702.00|| |
|8/16/2016||Patricia S Bellinger||Director||Buy||2,000||$23.01||$46,020.00|| |
|8/15/2016||Kevin E Devlin||SVP||Buy||1,271||$23.97||$30,465.87|| |
|8/12/2016||Eric S Lillybeck||VP||Sell||4,000||$23.84||$95,360.00|| |
|8/1/2016||Christopher M Shugart||VP||Sell||500||$24.30||$12,150.00|| |
|8/1/2016||Esben W Pedersen||Insider||Sell||1,200||$24.30||$29,160.00|| |
|7/11/2016||Christopher M Shugart||VP||Sell||3,500||$24.00||$84,000.00|| |
|6/30/2016||Esben W Pedersen||CIO||Sell||1,200||$23.00||$27,600.00|| |
|12/1/2015||Douglas G Hall||Director||Buy||5,500||$18.09||$99,495.00|| |
|11/4/2015||Christopher M. Shugart||VP||Sell||3,000||$24.00||$72,000.00|| |
|11/3/2015||Esben W Pedersen||CIO||Sell||3,600||$24.00||$86,400.00|| |
|8/20/2015||Douglas G Hall||Director||Buy||4,000||$22.85||$91,400.00|| |
|8/14/2015||Alan R Batkin||Director||Buy||5,000||$23.15||$115,750.00|| |
|8/14/2015||Michael J Lyon||CFO||Buy||9,000||$23.12||$208,080.00|| |
|7/1/2015||Christopher M Shugart||VP||Sell||1,000||$28.66||$28,660.00|| |
|7/1/2015||Esben W Pedersen||CIO||Sell||1,200||$28.66||$34,392.00|| |
|6/2/2015||Christopher M Shugart||VP||Sell||1,700||$29.17||$49,589.00|| |
|4/6/2015||Christopher M Shugart||VP||Sell||1,400||$30.00||$42,000.00|| |
|2/9/2015||Renewable Energy Gp Ii L R/C||Major Shareholder||Sell||5,000,000||$29.25||$146,250,000.00|| |
|1/7/2015||Christopher M Shugart||VP||Sell||1,000||$26.72||$26,720.00|| |
|1/2/2015||Esben W Pedersen||CIO||Sell||1,200||$24.62||$29,544.00|| |
|11/17/2014||Patricia S Bellinger||Director||Buy||1,000||$27.07||$27,070.00|| |
|11/7/2014||Eric S Lillybeck||VP||Sell||2,712||$26.80||$72,681.60|| |
|8/15/2014||Patricia S Bellinger||Director||Buy||1,000||$30.89||$30,890.00|| |
|5/14/2014||Daniel Elkort||VP||Sell||5,354||$29.25||$156,604.50|| |
|5/14/2014||Patricia Bellinger||Director||Buy||1,500||$28.83||$43,245.00|| |
|5/13/2014||Eric Lillybeck||VP||Sell||6,615||$29.30||$193,819.50|| |
|5/13/2014||Renewable Energy Gp Ii R/C||major shareholder||Sell||2,754,413||$27.75||$76,434,960.75|| |
|3/12/2014||Patricia Newson||Director||Buy||5,000||$27.75||$138,750.00|| |
|3/7/2014||Patricia Bellinger||Director||Buy||1,500||$28.50||$42,750.00|| |
|10/8/2013||Renewable Energy Gp Ii L R/C||Director||Sell||2,400,000||$20.79||$49,896,000.00|| |
Headline Trends for Pattern Energy Group (NASDAQ:PEGI)
Latest Headlines for Pattern Energy Group (NASDAQ:PEGI)
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Pattern Energy Group (PEGI) Chart for Saturday, October, 21, 2017