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

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

Pattern Energy Group declared a quarterly dividend on Tuesday, August 6th. Investors 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 annualized dividend and a yield of 6.40%. The ex-dividend date is Thursday, September 26th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) released its quarterly earnings results on Tuesday, August, 6th. The utilities provider reported ($0.07) earnings per share (EPS) 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 analysts' expectations 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 firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. 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.

9 equities research analysts have issued 12-month price targets for Pattern Energy Group's stock. Their predictions range from $22.00 to $26.00. On average, they anticipate Pattern Energy Group's share price to reach $24.4167 in the next twelve months. This suggests that the stock has a possible downside of 7.4%. View Analyst Price Targets for Pattern Energy Group.

9 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pattern Energy Group.

News coverage about PEGI stock has trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -2.3 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Pattern Energy Group.

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

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), Ares Capital (ARCC), Energy Transfer LP Unit (ET), Iron Mountain (IRM), Enterprise Products Partners (EPD), Macquarie Infrastructure (MIC), Verizon Communications (VZ) and Uniti Group (UNIT).

Pattern Energy Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.45%), Nomura Holdings Inc. (8.17%), BlackRock Inc. (7.35%), Northern Trust Corp (1.58%), Beach Investment Counsel Inc. PA (1.57%) and Intact Investment Management Inc. (1.41%). 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 Nomura Holdings Inc., Intact Investment Management Inc., Beach Investment Counsel Inc. PA, Man Group plc, SG Americas Securities LLC, Robecosam AG, JPMorgan Chase & Co. and Panagora Asset Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Delek Group Ltd., Tortoise Capital Advisors L.L.C., Hussman Strategic Advisors Inc., AE Wealth Management LLC, First Trust Advisors LP and Renaissance Technologies 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, Scottrade, Fidelity and Charles Schwab.

One share of PEGI stock can currently be purchased for approximately $26.37.

Pattern Energy Group has a market capitalization of $2.59 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]