NASDAQ:PEGIPattern Energy Group Stock Price, Forecast & News Notice: This company has been marked as potentially delisted and may not be actively trading. Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Pattern Energy Group Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $26.74 0.00 (0.00 %) (As of 06/5/2020 04:00 PM ET) Add Compare Share Today's Range$26.74Now: $26.74▼$26.7450-Day Range$26.74MA: $26.74▼$26.7452-Week Range$20.70Now: $26.74▼$28.50VolumeN/AAverage Volume2.21 million shsMarket Capitalization$2.63 billionP/E RatioN/ADividend Yield6.32%Beta1.05 ProfileAnalyst RatingsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Pattern Energy Group Inc. operates as an integrated renewable energy company. The company operates in two segments, Operating Business and Development Business. The Operating Business segment holds interest in 24 renewable energy projects with an operating capacity that totals approximately 4 gigawatts located in the United States, Canada, and Japan. The Development Business segment develops and sells renewable energy projects focusing on wind, solar, storage, and transmission primarily in the United States, Canada, Japan,and Mexico. Pattern Energy Group Inc. sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets. The company was founded in 2012 and is headquartered in San Francisco, California.Read More Beat the Market (BTM) Rank™ 0.9 Analyst's Opinion Consensus RatingPattern Energy Group has received a consensus rating of Hold. The company's average rating score is 1.86, and is based on no buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $25.94, Pattern Energy Group has a potential downside of 3.0% from its current price of $26.74.Amount of Analyst CoveragePattern Energy Group has only been the subject of 1 research reports in the past 90 days. Previous Next 2.7 Community Rank Outperform VotesPattern Energy Group has received 492 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPattern Energy Group has received 413 “underperform” votes. (Add your “underperform” vote.)Community SentimentPattern Energy Group has received 54.36% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Pattern Energy Group and other stocks. Vote “Outperform” if you believe PEGI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PEGI will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipPattern Energy Group is a leading dividend payer. It pays a dividend yield of 6.32%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPattern Energy Group has only been increasing its dividend for 4 years.Dividend SustainabilityBased on EPS estimates, Pattern Energy Group will have a dividend payout ratio of 103.05 % in the coming year. This indicates that Pattern Energy Group may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pattern Energy Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.80% of the stock of Pattern Energy Group is held by insiders.Percentage Held by Institutions80.58% of the stock of Pattern Energy Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Pattern Energy Group are expected to grow by 60.78% in the coming year, from $1.02 to $1.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pattern Energy Group is -72.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Pattern Energy Group is -72.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPattern Energy Group has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.9Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.63 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNASDAQ:PEGI Previous Symbol CUSIPN/A CIK1561660 Webwww.patternenergy.com Phone415-283-4000Debt Debt-to-Equity Ratio1.24 Current Ratio0.36 Quick Ratio0.36Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio26.22 P/E GrowthN/A Sales & Book Value Annual Sales$541 million Price / Sales4.85 Cash Flow$3.28 per share Price / Cash Flow8.15 Book Value$23.93 per share Price / Book1.12Profitability EPS (Most Recent Fiscal Year)($0.35) Net Income$-31,000,000.00 Net Margins-5.73% Return on Equity-1.52% Return on Assets-0.53%Miscellaneous Employees209 Outstanding Shares98,218,000Market Cap$2.63 billion Next Earnings DateN/A OptionableOptionable Receive PEGI News and Ratings via Email Sign-up to receive the latest news and ratings for PEGI and its competitors with MarketBeat's FREE daily newsletter. Pattern Energy Group (NASDAQ:PEGI) Frequently Asked Questions Do Wall Street analysts recommend investors buy shares of Pattern Energy Group? 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. How were Pattern Energy Group's earnings last quarter? Pattern Energy Group Inc (NASDAQ:PEGI) posted its quarterly earnings results on Monday, March, 2nd. The utilities provider reported $0.54 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.52. The utilities provider earned $147 million during the quarter, compared to analyst estimates 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 company's revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) earnings per share. View Pattern Energy Group's earnings history. 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 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 of this dividend is Monday, March 30th. View Pattern Energy Group's dividend history. What price target have analysts set for PEGI? 7 analysts have issued 12 month price objectives for Pattern Energy Group's stock. 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 3.0%. View analysts' price targets for Pattern Energy Group. Has Pattern Energy Group been receiving favorable news coverage? News articles about PEGI stock have trended negative this week, according to InfoTrie. The research firm rates 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 closest to five being the most favorable. Pattern Energy Group earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutPattern Energy Group. Who are some of Pattern Energy Group's key competitors? Some companies that are related to Pattern Energy Group include RED ELECTRICA C/ADR (RDEIY), CenterPoint Energy (CNP), Vistra Energy (VST), Enel Americas (ENIA), Pinnacle West Capital (PNW), NRG Energy (NRG), Brookfield Renewable Partners (BEP), CENTRAIS ELETRI/S (EBR.B), CENTRAIS ELETRI/S (EBR), Algonquin Power & Utilities (AQN), ENGIE BRASIL EN/S (EGIEY), OGE Energy (OGE), Huaneng Power International Inc ADR Class N (HNP), CHINA RESOURES/ADR (CRPJY) and IDACORP (IDA). View all competitors. What other stocks do shareholders of Pattern Energy Group own? 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), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Enterprise Products Partners (EPD), New Residential Investment (NRZ), Exxon Mobil (XOM), Enbridge (ENB) and Iron Mountain (IRM). Who are Pattern Energy Group's key executives? Pattern Energy Group's management team includes the following people: Mr. Michael M. Garland, CEO & Director (Age 68)Mr. Michael J. Lyon, Pres (Age 60)Mr. Esben W. Pedersen, Chief Financial Officer (Age 46)Mr. Daniel M. Elkort, Exec. VP, Chief Legal Officer & Chief Compliance Officer (Age 61)Mr. Hunter H. Armistead, Pres of Pattern Devel. & Exec. VP of Bus. Devel. (Age 50) What is Pattern Energy Group's stock symbol? Pattern Energy Group trades on the NASDAQ under the ticker symbol "PEGI." Who are Pattern Energy Group's major shareholders? Pattern Energy Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Osborn Williams & Donohoe LLC (0.03%) and Osborn Williams & Donohoe LLC (0.03%). 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. Which institutional investors are selling Pattern Energy Group stock? PEGI stock was sold by a variety of institutional investors in the last quarter, including Osborn Williams & Donohoe LLC, and Osborn Williams & Donohoe LLC. View insider buying and selling activity for Pattern Energy Group. What is Pattern Energy Group's stock price today? One share of PEGI stock can currently be purchased for approximately $26.74. How big of a company is Pattern Energy Group? 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. What is Pattern Energy Group's official website? The official website for Pattern Energy Group is www.patternenergy.com. How can I contact Pattern Energy Group? 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] This page was last updated on 6/6/2020 by MarketBeat.com Staff
