NASDAQ:PEGI - Pattern Energy Group Stock Price, Forecast & News

Pattern Energy Group trades on the NASDAQ under the ticker symbol "PEGI."

Pattern Energy Group announced a quarterly dividend on Monday, November 4th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.422 per share on Friday, January 31st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend is Monday, December 30th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) posted its quarterly earnings data on Monday, November, 4th. The utilities provider reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.31. The utilities provider had revenue of $119 million for the quarter, compared to the consensus estimate of $120.06 million. Pattern Energy Group had a negative return on equity of 5.06% and a negative net margin of 19.92%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. View Pattern Energy Group's Earnings History.

Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Pattern Energy Group.

8 brokerages have issued 12-month price targets for Pattern Energy Group's shares. Their forecasts range from $23.50 to $27.00. On average, they expect Pattern Energy Group's share price to reach $25.94 in the next year. This suggests that the stock has a possible downside of 3.6%. View Analyst Price Targets for Pattern Energy Group.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pattern Energy Group in the last year. There are currently 2 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pattern Energy Group.

News articles about PEGI stock have trended somewhat negative this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pattern Energy Group earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Pattern Energy Group.

Pattern Energy Group saw a drop in short interest in January. As of January 15th, there was short interest totalling 2,780,000 shares, a drop of 8.3% from the December 31st total of 3,030,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.9% of the shares of the company are sold short. View Pattern Energy Group's Current Options Chain.

Some companies that are related to Pattern Energy Group include ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), NRG Energy (NRG), OGE Energy (OGE), Brookfield Renewable Partners (BEP), Algonquin Power & Utilities (AQN), Huaneng Power International Inc ADR Class N (HNP), CHINA RESOURES/ADR (CRPJY), CENTRICA PLC/S (CPYYY), IDACORP (IDA), Portland General Electric (POR), Hawaiian Electric Industries (HE), CEMIG (CIG), Black Hills (BKH) and COMPANHIA PARAN/S (ELPVY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pattern Energy Group investors own include AT&T (T), Energy Transfer LP Unit (ET), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Hannon Armstrong Sustnbl Infrstr Cap (HASI), New Residential Investment (NRZ), Exxon Mobil (XOM), Iron Mountain (IRM) and Main Street Capital (MAIN).

Pattern Energy Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Advisors Capital Management LLC (0.69%), Vertex One Asset Management Inc. (0.29%), Gilman Hill Asset Management LLC (0.25%), Dupont Capital Management Corp (0.19%), California Public Employees Retirement System (0.17%) and AE Wealth Management LLC (0.12%). Company insiders that own Pattern Energy Group stock include Christopher M Shugart, Douglas G Hall, Esben W Pedersen and Kevin E Devlin. View Institutional Ownership Trends for Pattern Energy Group.

PEGI stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, SeaCrest Wealth Management LLC, Gilman Hill Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , AE Wealth Management LLC, Strs Ohio and Steward Partners Investment Advisory LLC. Company insiders that have sold Pattern Energy Group company stock in the last year include Christopher M Shugart, Esben W Pedersen and Kevin E Devlin. View Insider Buying and Selling for Pattern Energy Group.

PEGI stock was purchased by a variety of institutional investors in the last quarter, including Vertex One Asset Management Inc., Dupont Capital Management Corp, California Public Employees Retirement System, Advisors Capital Management LLC and IFP Advisors Inc. View Insider Buying and Selling for Pattern Energy Group.

Shares of PEGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PEGI stock can currently be purchased for approximately $26.90.

Pattern Energy Group has a market capitalization of $2.64 billion and generates $483 million in revenue each year. The utilities provider earns $142 million in net income (profit) each year or $1.45 on an earnings per share basis. Pattern Energy Group employs 209 workers across the globe.View Additional Information About Pattern Energy Group.

The official website for Pattern Energy Group is http://www.patternenergy.com/.

Pattern Energy Group's mailing address is 1088 SANSOME STREET, SAN FRANCISCO CA, 94111. The utilities provider can be reached via phone at 415-283-4000 or via email at [email protected]