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

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

Pattern Energy Group declared a quarterly dividend on Monday, November 4th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.422 per share on Friday, January 31st. This represents a $1.69 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Monday, December 30th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) released its earnings results on Monday, November, 4th. The utilities provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.31. The utilities provider earned $119 million during the quarter, compared to the consensus estimate of $120.06 million. Pattern Energy Group had a negative net margin of 19.92% and a negative return on equity of 5.06%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS. View Pattern Energy Group's Earnings History.

Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Pattern Energy Group.

7 Wall Street analysts have issued twelve-month target prices for Pattern Energy Group's shares. Their forecasts range from $23.50 to $27.00. On average, they anticipate Pattern Energy Group's share price to reach $25.94 in the next year. This suggests that the stock has a possible downside of 4.0%. View Analyst Price Targets for 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.

News stories about PEGI stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press 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 news sentiment score of 1.5 on InfoTrie's scale. They also assigned news coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Pattern Energy Group.

Pattern Energy Group saw a increase in short interest in February. As of February 14th, there was short interest totalling 3,310,000 shares, an increase of 15.3% from the January 30th total of 2,870,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.4% of the company's shares are sold short. View Pattern Energy Group's Current Options Chain.

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

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), Enterprise Products Partners (EPD), Hannon Armstrong Sustnbl Infrstr Cap (HASI), New Residential Investment (NRZ), Iron Mountain (IRM), Exxon Mobil (XOM) and Enbridge (ENB).

Pattern Energy Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.06%), UBS Group AG (2.04%), CNH Partners LLC (1.59%), Beach Investment Counsel Inc. PA (1.21%), Bank of Montreal Can (1.21%) and Water Island Capital LLC (1.10%). 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 CI Investments Inc., Intact Investment Management Inc., Beach Investment Counsel Inc. PA, Advisors Asset Management Inc., Phoenix Holdings Ltd., Alliancebernstein L.P., Shelton Capital Management and Guggenheim Capital LLC. Company insiders that have sold Pattern Energy Group company stock in the last year include Christopher M Shugart and Esben W Pedersen. View Insider Buying and Selling for Pattern Energy Group.

PEGI stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, CNH Partners LLC, Water Island Capital LLC, Bank of Montreal Can, Vivaldi Asset Management LLC, Gabelli Funds LLC, FIL Ltd and Vertex One Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

One share of PEGI stock can currently be purchased for approximately $27.03.

Pattern Energy Group has a market capitalization of $2.66 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]