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

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$21.89 -0.07 (-0.32 %)
(As of 03/22/2019 02:12 PM ET)
Previous Close$21.96
Today's Range$21.84 - $22.05
52-Week Range$16.78 - $22.18
Volume374,731 shs
Average Volume933,369 shs
Market Capitalization$2.15 billion
P/E Ratio15.10
Dividend Yield7.74%
Beta1.04
Pattern Energy Group Inc., an independent power company, focuses on the construction, ownership, and operation of various power projects in the United States, Canada, and Chile. It holds interests in various wind and solar power projects. The company sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets. Pattern Energy Group Inc. was founded in 2012 and is headquartered in San Francisco, California.

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
Current SymbolNASDAQ:PEGI
CUSIPN/A
Phone415-283-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$483 million
Cash Flow$4.3185 per share
Book Value$22.02 per share

Profitability

Net Income$142 million

Miscellaneous

EmployeesN/A
Market Cap$2.15 billion
Next Earnings Date5/9/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Monday, March 4th. Investors of record on Friday, March 29th will be paid a dividend of $0.422 per share on Tuesday, April 30th. This represents a $1.69 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Thursday, March 28th. View Pattern Energy Group's Dividend History.

How were Pattern Energy Group's earnings last quarter?

Pattern Energy Group Inc (NASDAQ:PEGI) announced its quarterly earnings results on Friday, March, 1st. The utilities provider reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.34. The utilities provider earned $113 million during the quarter, compared to analysts' expectations of $139.72 million. Pattern Energy Group had a return on equity of 6.45% and a net margin of 29.62%. Pattern Energy Group's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. View Pattern Energy Group's Earnings History.

When is Pattern Energy Group's next earnings date?

Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Pattern Energy Group.

What price target have analysts set for PEGI?

9 brokers have issued twelve-month price targets for Pattern Energy Group's shares. Their predictions range from $18.50 to $25.00. On average, they anticipate Pattern Energy Group's stock price to reach $22.1667 in the next year. This suggests a possible upside of 1.2% from the stock's current price. View Analyst Price Targets for Pattern Energy Group.

What is the consensus analysts' recommendation 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, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pattern Energy Group.

Has Pattern Energy Group been receiving favorable news coverage?

Media coverage about PEGI stock has trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pattern Energy Group earned a daily sentiment score of -2.7 on InfoTrie's scale. They also gave news stories about the utilities provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Pattern Energy Group's key 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), New Residential Investment (NRZ), Ares Capital (ARCC), Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Iron Mountain (IRM), Uniti Group (UNIT), Verizon Communications (VZ), Buckeye Partners (BPL) and Realty Income (O).

Who are Pattern Energy Group's key executives?

Pattern Energy Group's management team includes the folowing people:
  • Mr. Michael M. Garland, Pres, CEO & Director (Age 68)
  • Mr. Michael J. Lyon, Chief Financial Officer (Age 60)
  • Mr. Esben W. Pedersen, Chief Investment Officer (Age 46)
  • Mr. Daniel M. Elkort, Exec. VP & Chief Legal Officer (Age 61)
  • Mr. Hunter H. Armistead, Exec. VP of Bus. Devel. (Age 50)

Who are Pattern Energy Group's major shareholders?

Pattern Energy Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.91%), CI Investments Inc. (5.70%), Rare Infrastructure Ltd (2.83%), Dimensional Fund Advisors LP (2.07%), Dimensional Fund Advisors LP (2.07%) and Beach Investment Counsel Inc. PA (1.73%). Company insiders that own Pattern Energy Group stock include Christopher M Shugart, Daniel M Elkort, Douglas G Hall, Esben W Pedersen, Kevin E Devlin 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 Rare Infrastructure Ltd, Premier Fund Managers Ltd, Millennium Management LLC, Intact Investment Management Inc., James Investment Research Inc., New York State Common Retirement Fund, CI Investments Inc. and Beach Investment Counsel Inc. PA. 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.

Which major investors are buying Pattern Energy Group stock?

PEGI stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Northern Trust Corp, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund, BlackRock Inc., Geode Capital Management LLC, Geode Capital Management LLC, Robecosam AG and D. E. Shaw & Co. Inc.. 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 $21.8949.

How big of a company is Pattern Energy Group?

Pattern Energy Group has a market capitalization of $2.15 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.

What is Pattern Energy Group's official website?

The official website for Pattern Energy Group is http://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]


MarketBeat Community Rating for Pattern Energy Group (NASDAQ PEGI)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  417 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  721
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.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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