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
Industry UTIL-ELEC PWR
Trailing P/E Ratio-90.9954502274886
Forward P/E Ratio41.50
Sales & Book Value
Annual Sales$411.34 million
Price / Sales4.34
Cash Flow$2.38 per share
Price / Cash7.68
Book Value$24.00 per share
Price / Book0.76
Return on Equity0.34%
Return on Assets0.16%
Pattern Energy Group (NASDAQ:PEGI) Frequently Asked Questions
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 Thursday, March 1st. Investors of record on Friday, March 30th will be paid a dividend of $0.422 per share on Monday, April 30th. This represents a $1.69 annualized dividend and a yield of 9.24%. The ex-dividend date is Wednesday, March 28th. View Pattern Energy Group's Dividend History.
How were Pattern Energy Group's earnings last quarter?
Pattern Energy Group Inc (NASDAQ:PEGI) issued its quarterly earnings results on Thursday, March, 1st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. The utilities provider earned $110.70 million during the quarter, compared to analysts' expectations of $126.11 million. Pattern Energy Group had a negative net margin of 4.35% and a positive return on equity of 0.34%. The firm's revenue was up 36.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. 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 2018?
14 brokerages have issued 12 month price objectives for Pattern Energy Group's stock. Their predictions range from $17.00 to $26.50. On average, they anticipate Pattern Energy Group's share price to reach $22.88 in the next year. View Analyst Ratings for Pattern Energy Group.
Who are some of Pattern Energy Group's key competitors?
Some companies that are related to Pattern Energy Group include Avista (AVA), NRG Yield, Inc. Class C (NYLD), Companhia Energetica de Minas Gers CEMIG (CIG), PNM Resources (PNM), Black Hills (BKH), Empresa Distribuidora y Cmrz Nrt (EDN), NorthWestern (NWE), Companhia Paranaense de Energia (ELP), El Paso Electric (EE), Atlantica Yield (AY), MGE Energy (MGEE), Dynegy (DYN), Otter Tail (OTTR), TerraForm Power, Inc. New (TERP), TransAlta (TAC), Kenon (KEN), Unitil (UTL) and MYR Group (MYRG).
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 (Age 73)
- Michael M. Garland, President, Chief Executive Officer, Director (Age 66)
- Michael J. Lyon, Chief Financial Officer (Age 58)
- Daniel M. Elkort, Executive Vice President, General Counsel (Age 59)
- Hunter H. Armistead, Executive Vice President - Business Development (Age 48)
- Richard A. Ostberg, Senior Vice President, Chief Accounting Officer, Controller (Age 51)
- Kevin Devlin, Senior Vice President, Strategic Operations (Age 52)
- Christopher M. Shugart, Senior Vice President - Operations (Age 45)
- Esben W. Pedersen, Chief Investment Officer (Age 44)
- Kevin Deters, Vice President, Engineering and Construction (Age 44)
Has Pattern Energy Group been receiving favorable news coverage?
News coverage about PEGI stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pattern Energy Group earned a daily sentiment score of 0.20 on Accern's scale. They also gave media coverage about the utilities provider an impact score of 47.83 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Pattern Energy Group's major shareholders?
Pattern Energy Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Riverstone Holdings LLC (7.51%), BlackRock Inc. (6.17%), Rare Infrastructure Ltd (4.22%), CI Investments Inc. (3.39%), Brookfield Asset Management Inc. (2.60%) and Beach Investment Counsel Inc. PA (2.00%). 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.
Which major investors are selling Pattern Energy Group stock?
PEGI stock was sold by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Riverstone Holdings LLC, Teachers Advisors LLC, Convergence Investment Partners LLC, Lazard Asset Management LLC, Bank of Montreal Can, Metropolitan Life Insurance Co. NY and Bramshill Investments LLC. Company insiders that have sold Pattern Energy Group company 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.
Which major investors are buying Pattern Energy Group stock?
PEGI stock was acquired by a variety of institutional investors in the last quarter, including Rare Infrastructure Ltd, BlackRock Inc., CI Investments Inc., Kennedy Capital Management Inc., Advisors Capital Management LLC, Ardsley Advisory Partners, Robecosam AG and Ecofin Ltd.. 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 shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Pattern Energy Group's stock price today?
One share of PEGI stock can currently be purchased for approximately $18.26.
How big of a company is Pattern Energy Group?
Pattern Energy Group has a market capitalization of $1.78 billion and generates $411.34 million in revenue each year. The utilities provider earns $-17,900,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Pattern Energy Group employs 210 workers across the globe.
How can I contact Pattern Energy Group?
Pattern Energy Group's mailing address is PIER 1 BAY 3, SAN FRANCISCO CA, 94111. The utilities provider can be reached via phone at 415-283-4000 or via email at [email protected]
MarketBeat Community Rating for Pattern Energy Group (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.
Pattern Energy Group (NASDAQ:PEGI) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.57||2.64||2.64||2.67|
|Ratings Breakdown: ||0 Sell Rating(s)|
6 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$22.88||$24.54||$25.42||$25.19|
|Price Target Upside: ||25.33% upside||32.78% upside||18.74% upside||0.95% downside|
Pattern Energy Group (NASDAQ:PEGI) Consensus Price Target History
Pattern Energy Group (NASDAQ:PEGI) Analyst Ratings History
(Data available from 3/19/2016 forward)
Pattern Energy Group (NASDAQ:PEGI) Earnings History and Estimates Chart
Pattern Energy Group (NASDAQ PEGI) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/1/2018||Q4 2017||$0.05||$0.11||$126.11 million||$110.70 million||View||Listen|
|11/9/2017||Q3 2017||($0.12)||($0.26)||$112.38 million||$92.03 million||View||N/A|
|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|
Pattern Energy Group (NASDAQ:PEGI) Earnings Estimates
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Pattern Energy Group (NASDAQ:PEGI) Dividend Information
|Payout Ratio:||-844.96% (Trailing 12 Months of Earnings) |
384.09% (Based on This Year's Estimates)
286.44% (Based on Next Year's Estimates)
Pattern Energy Group (NASDAQ:PEGI) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Pattern Energy Group (NASDAQ PEGI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 96.60%
Pattern Energy Group (NASDAQ PEGI) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/6/2018||Douglas G Hall||Director||Buy||5,000||$17.08||$85,400.00||39,982|| |
|2/1/2018||Esben W Pedersen||Insider||Sell||2,400||$20.51||$49,224.00||132,128|| |
|1/2/2018||Esben W Pedersen||Insider||Sell||2,400||$21.59||$51,816.00||134,528|| |
|12/1/2017||Esben W Pedersen||Insider||Sell||2,400||$22.53||$54,072.00||141,011|| |
|11/1/2017||Christopher M Shugart||VP||Sell||500||$23.09||$11,545.00||60,518|| |
|11/1/2017||Esben W Pedersen||Insider||Sell||2,400||$23.01||$55,224.00||143,411|| |
|10/2/2017||Christopher M Shugart||VP||Sell||500||$24.12||$12,060.00||61,018|| |
|10/2/2017||Esben W Pedersen||Insider||Sell||2,400||$23.99||$57,576.00||145,811|| |
|9/1/2017||Christopher M Shugart||VP||Sell||500||$25.10||$12,550.00||61,518|| |
|9/1/2017||Esben W Pedersen||Insider||Sell||1,200||$25.10||$30,120.00||148,211|| |
|8/14/2017||Daniel M Elkort||VP||Sell||4,100||$24.08||$98,728.00||75,173|| |
|8/1/2017||Christopher M Shugart||VP||Sell||500||$25.18||$12,590.00||62,018|| |
|8/1/2017||Esben W Pedersen||Insider||Sell||1,200||$25.18||$30,216.00||149,411|| |
|7/3/2017||Christopher M Shugart||VP||Sell||500||$24.00||$12,000.00||62,518|| |
|7/3/2017||Esben W Pedersen||Insider||Sell||1,200||$24.00||$28,800.00||150,611|| |
|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||63,018|| |
|6/2/2017||Esben W Pedersen||Insider||Sell||1,200||$23.00||$27,600.00||144,867|| |
|5/25/2017||Christopher M Shugart||VP||Sell||1,000||$23.00||$23,000.00||63,518|| |
|5/25/2017||Esben W Pedersen||Insider||Sell||1,200||$23.00||$27,600.00||146,067|| |
|3/13/2017||Patricia S Bellinger||Director||Buy||3,000||$19.74||$59,220.00||17,738|| |
|3/9/2017||Patricia S Bellinger||Director||Buy||250||$19.91||$4,977.50||17,738|| |
|11/21/2016||Alan R Batkin||Director||Buy||5,000||$19.02||$95,100.00||26,277|| |
|11/7/2016||Esben W Pedersen||Insider||Sell||1,200||$23.01||$27,612.00||127,053|| |
|10/24/2016||Esben W Pedersen||Insider||Sell||100||$23.00||$2,300.00||128,253|| |
|9/1/2016||Christopher M Shugart||VP||Sell||500||$24.00||$12,000.00||57,324|| |
|9/1/2016||Esben W Pedersen||Insider||Sell||1,200||$23.80||$28,560.00||129,630|| |
|8/31/2016||Lord Of Madingley Browne||Director||Buy||10,000||$23.89||$238,900.00||10,000|| |
|8/18/2016||Daniel M Elkort||VP||Sell||11,290||$23.80||$268,702.00||60,796|| |
|8/16/2016||Patricia S Bellinger||Director||Buy||2,000||$23.01||$46,020.00||12,865|| |
|8/15/2016||Kevin E Devlin||SVP||Buy||1,271||$23.97||$30,465.87||2,672|| |
|8/12/2016||Eric S Lillybeck||VP||Sell||4,000||$23.84||$95,360.00||18,235|| |
|8/1/2016||Christopher M Shugart||VP||Sell||500||$24.30||$12,150.00||57,866|| |
|8/1/2016||Esben W Pedersen||Insider||Sell||1,200||$24.30||$29,160.00||130,902|| |
|7/11/2016||Christopher M Shugart||VP||Sell||3,500||$24.00||$84,000.00||57,908|| |
|6/30/2016||Esben W Pedersen||CIO||Sell||1,200||$23.00||$27,600.00||133,374|| |
|12/1/2015||Douglas G Hall||Director||Buy||5,500||$18.09||$99,495.00||14,004|| |
|11/4/2015||Christopher M. Shugart||VP||Sell||3,000||$24.00||$72,000.00||54,418|| |
|11/3/2015||Esben W Pedersen||CIO||Sell||3,600||$24.00||$86,400.00||106,650|| |
|8/20/2015||Douglas G Hall||Director||Buy||4,000||$22.85||$91,400.00||8,504|| |
|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||28,957|| |
|5/14/2014||Patricia Bellinger||Director||Buy||1,500||$28.83||$43,245.00||3,847|| |
|5/13/2014||Eric Lillybeck||VP||Sell||6,615||$29.30||$193,819.50||12,550|| |
|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||9,878|| |
|3/7/2014||Patricia Bellinger||Director||Buy||1,500||$28.50||$42,750.00||3,847|| |
|10/8/2013||Renewable Energy Gp Ii L R/C||Director||Sell||2,400,000||$20.79||$49,896,000.00|| |
Pattern Energy Group (NASDAQ PEGI) News Headlines
Pattern Energy Group (NASDAQ:PEGI) SEC Filings
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Pattern Energy Group (NASDAQ:PEGI) Income Statement, Balance Sheet and Cash Flow Statement
Pattern Energy Group (NASDAQ PEGI) Stock Chart for Monday, March, 19, 2018