Pattern Energy Group Company Profile (NASDAQ:PEGI)

About Pattern Energy Group (NASDAQ:PEGI)

Pattern Energy Group logoPattern 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
Capitalization:
  • Market Cap: $2.07524 billion
  • Outstanding Shares: 87,637,000
Average Prices:
  • 50 Day Moving Avg: $25.06
  • 200 Day Moving Avg: $23.72
  • 52 Week Range: $18.68 - $26.56
P/E:
  • Trailing P/E Ratio: 69.13
  • Foreward P/E Ratio: 53.89
  • P/E Growth: 6.28
Sales & Book Value:
  • Annual Revenue: $380.39 million
  • Price / Sales: 5.46
  • Book Value: $10.87 per share
  • Price / Book: 2.18
Dividend:
  • Annual Dividend: $1.68
  • Dividend Yield: 7.1%
Profitability:
  • EBITDA: $194.55 million
  • Net Margins: 7.77%
  • Return on Equity: 1.05%
  • Return on Assets: 0.52%
Debt:
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 1.03%
  • Quick Ratio: 1.03%
Misc:
  • 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?

Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Pattern Energy Group.

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?

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?

One share of Pattern Energy Group stock can currently be purchased for approximately $23.71.


MarketBeat Community Rating for Pattern Energy Group (NASDAQ PEGI)
Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  255 (Vote Outperform)
Underperform Votes:  150 (Vote Underperform)
Total Votes:  405
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.

Analyst Ratings

Consensus Ratings for Pattern Energy Group (NASDAQ:PEGI) (How are Consensus Ratings Calculated?)
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)
Price Target History for Pattern Energy Group (NASDAQ:PEGI)
Analysts' Ratings History for Pattern Energy Group (NASDAQ:PEGI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/16/2017Williams CapitalInitiated CoverageBuy -> Buy$28.00N/AView Rating Details
9/23/2017National Bank FinancialBoost Price TargetOutperform$27.00 -> $34.50MediumView Rating Details
9/8/2017BMO Capital MarketsReiterated RatingBuy$28.50LowView Rating Details
6/22/2017Raymond James Financial, Inc.Boost Price TargetOutperform$26.00 -> $27.00LowView Rating Details
6/20/2017DesjardinsBoost Price TargetBuy$25.50 -> $26.00LowView Rating Details
6/20/2017Royal Bank Of CanadaBoost Price TargetOutperform$24.00 -> $25.00LowView Rating Details
6/20/2017J P Morgan Chase & CoReiterated RatingNeutral$23.00 -> $24.00LowView Rating Details
4/5/2017Credit Suisse GroupReiterated RatingBuy$22.00MediumView Rating Details
3/23/2017MacquarieDowngradeOutperform -> NeutralLowView Rating Details
3/14/2017Goldman Sachs Group IncInitiated CoverageNeutral -> Neutral$21.00HighView Rating Details
3/3/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform$36.00 -> $28.00N/AView Rating Details
8/18/2016Wells Fargo & CompanyReiterated RatingBuyN/AView Rating Details
4/13/2016GuggenheimInitiated CoverageBuy$26.00N/AView Rating Details
2/29/2016Avondale PartnersReiterated RatingOutperformN/AView Rating Details
11/2/2015CIBCLower Price TargetSector Outperform$31.50 -> $31.00N/AView Rating Details
10/29/2015Bank of America CorporationUpgradeNeutral -> Buy$29.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Pattern Energy Group (NASDAQ:PEGI)
Earnings by Quarter for Pattern Energy Group (NASDAQ:PEGI)
Earnings History by Quarter for Pattern Energy Group (NASDAQ PEGI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.07N/AView Earnings Details
8/8/2017Q2 2017$0.13$0.16$124.02 million$107.76 millionViewListenView Earnings Details
5/9/2017Q1 2017$0.03$0.06$114.35 million$100.80 millionViewListenView Earnings Details
3/1/2017Q416$0.00$0.16$105.84 million$81.06 millionViewListenView Earnings Details
11/7/2016Q316($0.06)($0.05)$98.36 million$91.90 millionViewListenView Earnings Details
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)$66.90 million$64.87 millionViewN/AView Earnings Details
3/2/2015Q4 14$0.07($0.36)$80.69 million$79.42 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)
2017 EPS Consensus Estimate: ($0.07)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.07)$0.11$0.02
Q2 20172($0.05)$0.11$0.03
Q3 20172($0.20)($0.05)($0.13)
Q4 20172($0.08)$0.09$0.01
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Pattern Energy Group (NASDAQ:PEGI)
Next Dividend:10/31/2017
Annual Dividend:$1.68
Dividend Yield:7.09%
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 Payments by Quarter for Pattern Energy Group (NASDAQ:PEGI)

Dividend History by Quarter for Pattern Energy Group (NASDAQ PEGI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/8/2017quarterly$0.426.99%9/28/20179/29/201710/31/2017
5/10/2017Quarterly$0.426/28/20176/30/20177/31/2017
3/1/2017quarterly$0.418.31%3/29/20173/31/20174/28/2017
11/7/2016quarterly$0.417.82%12/28/201612/30/20161/31/2017
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 and Institutional Ownership History for Pattern Energy Group (NASDAQ:PEGI)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 95.35%
Insider Trades by Quarter for Pattern Energy Group (NASDAQ:PEGI)
Institutional Ownership by Quarter for Pattern Energy Group (NASDAQ:PEGI)
Insider Trades by Quarter for Pattern Energy Group (NASDAQ:PEGI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/2/2017Christopher M ShugartVPSell500$24.12$12,060.00View SEC Filing  
10/2/2017Esben W PedersenInsiderSell2,400$23.99$57,576.00View SEC Filing  
9/1/2017Christopher M ShugartVPSell500$25.10$12,550.00View SEC Filing  
9/1/2017Esben W PedersenInsiderSell1,200$25.10$30,120.00View SEC Filing  
8/14/2017Daniel M ElkortVPSell4,100$24.08$98,728.00View SEC Filing  
8/1/2017Christopher M ShugartVPSell500$25.18$12,590.00View SEC Filing  
8/1/2017Esben W PedersenInsiderSell1,200$25.18$30,216.00View SEC Filing  
7/3/2017Christopher M ShugartVPSell500$24.00$12,000.00View SEC Filing  
7/3/2017Esben W PedersenInsiderSell1,200$24.00$28,800.00View SEC Filing  
6/21/2017Renewable Energy Gp Ii L R/CMajor ShareholderSell8,700,000$21.91$190,617,000.00View SEC Filing  
6/2/2017Christopher M ShugartVPSell500$23.00$11,500.00View SEC Filing  
6/2/2017Esben W PedersenInsiderSell1,200$23.00$27,600.00View SEC Filing  
5/25/2017Christopher M ShugartVPSell1,000$23.00$23,000.00View SEC Filing  
5/25/2017Esben W PedersenInsiderSell1,200$23.00$27,600.00View SEC Filing  
3/13/2017Patricia S BellingerDirectorBuy3,000$19.74$59,220.00View SEC Filing  
3/9/2017Patricia S BellingerDirectorBuy250$19.91$4,977.50View SEC Filing  
11/21/2016Alan R BatkinDirectorBuy5,000$19.02$95,100.00View SEC Filing  
11/7/2016Esben W PedersenInsiderSell1,200$23.01$27,612.00View SEC Filing  
10/24/2016Esben W PedersenInsiderSell100$23.00$2,300.00View SEC Filing  
9/1/2016Christopher M ShugartVPSell500$24.00$12,000.00View SEC Filing  
9/1/2016Esben W PedersenInsiderSell1,200$23.80$28,560.00View SEC Filing  
8/31/2016Lord Of Madingley BrowneDirectorBuy10,000$23.89$238,900.00View SEC Filing  
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

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Pattern Energy Group (PEGI) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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