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 Electric services
Sub-IndustryN/A
SectorUtilities
SymbolNASDAQ:PEGI
CUSIPN/A
Phone415-283-4000
Debt
Debt-to-Equity Ratio0.80%
Current Ratio1.25%
Quick Ratio1.25%
Price-To-Earnings
Trailing P/E Ratio94.16
Forward P/E Ratio57.71
P/E Growth2.51
Sales & Book Value
Annual Sales$411.34 million
Price / Sales4.26
Cash Flow$2.3664 per share
Price / Cash7.56
Book Value$24.00 per share
Price / Book0.75
Profitability
EPS (Most Recent Fiscal Year)$0.19
Net Income$-17,900,000.00
Net Margins-4.35%
Return on Equity0.34%
Return on Assets0.16%
Miscellaneous
Employees210
Outstanding Shares97,860,000
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 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date of this dividend is Wednesday, March 28th. View Pattern Energy Group's Dividend History.
How were Pattern Energy Group's earnings last quarter?
Pattern Energy Group (NASDAQ:PEGI) released its earnings results on Thursday, March, 1st. The utilities provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. The utilities provider had revenue of $110.70 million for the quarter, compared to analysts' expectations of $126.11 million. Pattern Energy Group had a positive return on equity of 0.34% and a negative net margin of 4.35%. The business's revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. View Pattern Energy Group's Earnings History.
When is Pattern Energy Group's next earnings date?
What price target have analysts set for PEGI?
13 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 $22.9583 in the next twelve months. 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 NRG Yield (NYLD), CEMIG (CIG), PNM Resources (PNM), Ormat Technologies (ORA), Black Hills (BKH), Edenor (EDN), Central Puerto (CEPU), NextEra Energy Partners (NEP), Atlantica Yield (AY), Copel (ELP), El Paso Electric (EE), Dynegy (DYN), Otter Tail (OTTR), Eletrobras (EBR.B) and TerraForm Power (TERP).
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 stories about PEGI stock have been trending somewhat negative on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pattern Energy Group earned a coverage optimism score of -0.06 on Accern's scale. They also gave headlines about the utilities provider an impact score of 44.77 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Pattern Energy Group's major shareholders?
Pattern Energy Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include PATTERN RENEWABLES LP (7.30%) and CI INVESTMENTS INC. (5.18%). 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.
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 $17.89.
How big of a company is Pattern Energy Group?
Pattern Energy Group has a market capitalization of $1.75 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 $0.19 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 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.
Pattern Energy Group (NASDAQ:PEGI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Pattern Energy Group in the last 12 months. Their average twelve-month price target is $22.9583, suggesting that the stock has a possible upside of 28.33%. The high price target for PEGI is $26.50 and the low price target for PEGI is $17.00. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.54 | 2.57 | 2.64 | 2.58 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 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)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $22.9583 | $22.8846 | $25.4231 | $25.9091 |
| Price Target Upside: | 28.33% upside | 25.74% upside | 18.74% upside | 12.55% upside |
Pattern Energy Group (NASDAQ:PEGI) Consensus Price Target History
Pattern Energy Group (NASDAQ:PEGI) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Pattern Energy Group (NASDAQ:PEGI) Dividend Information
Pattern Energy Group pays an annual dividend of $1.69 per share, with a dividend yield of 9.45%. PEGI's next quarterly dividend payment will be made on Monday, April 30. Pattern Energy Group pays out 889.47% of its earnings out as a dividend.
| Next Dividend: | 4/30/2018 |
| Annual Dividend: | $1.69 |
| Dividend Yield: | 9.45% |
| Payout Ratio: | 889.47% (Trailing 12 Months of Earnings)
545.16% (Based on This Year's Estimates)
402.38% (Based on Next Year's Estimates)
|
Pattern Energy Group (NASDAQ:PEGI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/1/2018 | Quarterly | $0.4220 | 9.96% | 3/28/2018 | 3/30/2018 | 4/30/2018 |
| 11/9/2017 | Quarterly | $0.4220 | 8.07% | 12/28/2017 | 12/29/2017 | 1/31/2018 |
| 8/8/2017 | quarterly | $0.42 | 6.99% | 9/28/2017 | 9/29/2017 | 10/31/2017 |
| 5/10/2017 | Quarterly | $0.4180 | | 6/28/2017 | 6/30/2017 | 7/31/2017 |
| 3/1/2017 | quarterly | $0.4138 | 8.31% | 3/29/2017 | 3/31/2017 | 4/28/2017 |
| 11/7/2016 | quarterly | $0.4080 | 7.82% | 12/28/2016 | 12/30/2016 | 1/31/2017 |
| 8/5/2016 | quarterly | $0.40 | 6.53% | 9/28/2016 | 9/30/2016 | 10/31/2016 |
| 5/9/2016 | quarterly | $0.39 | 7.64% | 6/28/2016 | 6/30/2016 | 7/29/2016 |
| 2/29/2016 | quarterly | $0.3810 | 8.31% | 3/29/2016 | 3/31/2016 | 4/29/2016 |
| 11/5/2015 | quarterly | $0.3720 | 6.74% | 12/29/2015 | 12/31/2015 | 1/29/2016 |
| 7/21/2015 | quarterly | $0.3630 | 6.13% | 9/28/2015 | 9/30/2015 | 10/30/2015 |
| 5/8/2015 | quarterly | $0.3520 | 4.95% | 6/26/2015 | 6/30/2015 | 7/30/2015 |
| 3/2/2015 | quarterly | $0.3420 | | 3/27/2015 | 3/31/2015 | 4/30/2015 |
| 10/31/2014 | quarterly | $0.3340 | 4.66% | 12/29/2014 | 12/31/2014 | 1/30/2015 |
| 8/5/2014 | quarterly | $0.3280 | 4.36% | 9/26/2014 | 9/30/2014 | 10/30/2014 |
| 5/5/2014 | quarterly | $0.3220 | 4.95% | 6/26/2014 | 6/30/2014 | 7/30/2014 |
| 2/28/2014 | quarterly | $0.3125 | 4.42% | 3/27/2014 | 3/31/2014 | 4/30/2014 |
| 11/26/2013 | special | $0.3125 | | 12/27/2013 | 12/31/2013 | 1/30/2014 |
| 11/26/2013 | quarterly | $0.3125 | | | 12/31/2013 | 1/30/2014 |
(Data available from 1/1/2013 forward)
Pattern Energy Group (NASDAQ PEGI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 96.81%
Pattern Energy Group (NASDAQ PEGI) Insider Trading History
| 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 | | |
(Data available from 1/1/2013 forward)
Pattern Energy Group (NASDAQ PEGI) News Headlines
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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, April, 23, 2018
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