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

Pattern Energy Group's stock was trading at $26.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PEGI stock has decreased by 0.0% and is now trading at $26.74. View which stocks have been mosted impacted by Coronavirus.

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

Pattern Energy Group is scheduled to release its next quarterly earnings announcement on Friday, May 8th 2020. View our earnings forecast for Pattern Energy Group.

Pattern Energy Group Inc (NASDAQ:PEGI) announced its quarterly earnings data on Monday, March, 2nd. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.52. The utilities provider had revenue of $147 million for the quarter, compared to analysts' expectations of $137.54 million. Pattern Energy Group had a negative net margin of 5.73% and a negative return on equity of 1.52%. The business's revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm earned ($0.15) EPS. View Pattern Energy Group's earnings history.

Pattern Energy Group declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.422 per share on Thursday, April 30th. This represents a $1.69 annualized dividend and a yield of 6.31%. The ex-dividend date is Monday, March 30th. View Pattern Energy Group's dividend history.

7 brokers have issued 1-year price targets for Pattern Energy Group's stock. Their forecasts range from $23.50 to $27.00. On average, they anticipate Pattern Energy Group's stock price to reach $25.94 in the next twelve months. This suggests that the stock has a possible downside of 3.0%. View analysts' price targets for Pattern Energy Group.

News coverage about PEGI stock has been trending negative on Sunday, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Pattern Energy Group earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPattern Energy Group.

Pattern Energy Group saw a increase in short interest in the month of February. As of February 14th, there was short interest totaling 3,310,000 shares, an increase of 15.3% from the January 30th total of 2,870,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.4% of the company's shares are sold short. View Pattern Energy Group's Current Options Chain.

Some companies that are related to Pattern Energy Group include Korea Electric Power (KEP), RED ELECTRICA C/ADR (RDEIY), Pinnacle West Capital (PNW), CenterPoint Energy (CNP), Vistra Energy (VST), Brookfield Renewable Partners (BEP), CENTRAIS ELETRI/S (EBR.B), Enel Americas (ENIA), NRG Energy (NRG), Algonquin Power & Utilities (AQN), OGE Energy (OGE), CENTRAIS ELETRI/S (EBR), ENGIE BRASIL EN/S (EGIEY), CHINA RESOURES/ADR (CRPJY) and Huaneng Power International Inc ADR Class N (HNP).

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), AbbVie (ABBV), Verizon Communications (VZ), Enterprise Products Partners (EPD), Hannon Armstrong Sustnbl Infrstr Cap (HASI), New Residential Investment (NRZ), Iron Mountain (IRM), Enbridge (ENB) and Main Street Capital (MAIN).

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

Pattern Energy Group's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (2.06%), UBS Group AG (2.04%), CNH Partners LLC (1.59%), Beach Investment Counsel Inc. PA (1.21%), Bank of Montreal Can (1.21%) and Water Island Capital LLC (1.10%). Company insiders that own Pattern Energy Group stock include Christopher M Shugart, 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 CI Investments Inc., Intact Investment Management Inc., Beach Investment Counsel Inc. PA, Advisors Asset Management Inc., Phoenix Holdings Ltd., Alliancebernstein L.P., Shelton Capital Management, and Nuveen Asset Management LLC. View insider buying and selling activity for Pattern Energy Group.

PEGI stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, CNH Partners LLC, Water Island Capital LLC, Norges Bank, Bank of Montreal Can, Vivaldi Asset Management LLC, Gabelli Funds LLC, and FIL Ltd. View insider buying and selling activity 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 $26.74.

Pattern Energy Group has a market capitalization of $2.63 billion and generates $541 million in revenue each year. The utilities provider earns $-31,000,000.00 in net income (profit) each year or ($0.35) 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]