Pattern Energy Group Stock Price, News & Analysis (NASDAQ:PEGI)

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

Pattern Energy Group declared a quarterly dividend on Tuesday, August 6th. Shareholders of record on Friday, September 27th will be given a dividend of $0.422 per share on Thursday, October 31st. This represents a $1.69 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, September 26th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) posted its quarterly earnings data on Tuesday, August, 6th. The utilities provider reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.11. The utilities provider earned $135 million during the quarter, compared to the consensus estimate of $137.90 million. Pattern Energy Group had a negative net margin of 12.36% and a negative return on equity of 3.00%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. View Pattern Energy Group's Earnings History.

Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Pattern Energy Group.

10 Wall Street analysts have issued 12-month target prices for Pattern Energy Group's shares. Their forecasts range from $22.00 to $28.00. On average, they anticipate Pattern Energy Group's stock price to reach $25.31 in the next year. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Pattern Energy Group.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pattern Energy Group in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pattern Energy Group.

Media stories about PEGI stock have trended positive on Wednesday, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pattern Energy Group earned a coverage optimism score of 2.1 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Pattern Energy Group.

Pattern Energy Group saw a drop in short interest in September. As of September 30th, there was short interest totalling 8,770,000 shares, a drop of 13.6% from the August 30th total of 10,150,000 shares. Based on an average daily trading volume, of 863,000 shares, the days-to-cover ratio is presently 10.2 days. Currently, 9.1% of the shares of the company are short sold. View Pattern Energy Group's Current Options Chain.

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

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

Pattern Energy Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Osborn Williams & Donohoe LLC (0.04%), SeaCrest Wealth Management LLC (0.03%), Corrado Advisors LLC (0.02%), Trilogy Capital Inc. (0.01%) and Lenox Wealth Advisors LLC (0.00%). 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 Corrado Advisors 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 acquired by a variety of institutional investors in the last quarter, including Trilogy Capital Inc., SeaCrest Wealth Management LLC, Lenox Wealth Advisors LLC and Osborn Williams & Donohoe LLC. 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 $26.13.

Pattern Energy Group has a market capitalization of $2.57 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]