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, November 6th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.422 per share on Thursday, January 31st. This represents a $1.69 annualized dividend and a yield of 8.00%. The ex-dividend date is Friday, December 28th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) released its earnings results on Monday, November, 5th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.09. The utilities provider earned $118.39 million during the quarter, compared to analyst estimates of $117.22 million. Pattern Energy Group had a net margin of 30.81% and a return on equity of 7.35%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.34) EPS. View Pattern Energy Group's Earnings History.

Pattern Energy Group is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Pattern Energy Group.

13 brokers have issued 12 month price objectives for Pattern Energy Group's stock. Their predictions range from $17.00 to $25.00. On average, they expect Pattern Energy Group's share price to reach $22.3182 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Price Targets for Pattern Energy Group.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pattern Energy Group in the last year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Pattern Energy Group.

Press coverage about PEGI stock has been trending positive this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pattern Energy Group earned a news impact score of 2.6 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the near future.

Pattern Energy Group saw a decline in short interest in the month of November. As of November 15th, there was short interest totalling 13,111,499 shares, a decline of 13.3% from the October 31st total of 15,130,459 shares. Based on an average trading volume of 1,818,693 shares, the short-interest ratio is presently 7.2 days. Approximately 13.6% of the shares of the company are short sold. View Pattern Energy Group's Current Options Chain.

Some companies that are related to Pattern Energy Group include OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), Enel Generacion Chile (EOCC), Algonquin Power & Utilities (AQN), IDACORP (IDA), Brookfield Renewable Partners (BEP), Enel Chile (ENIC), Portland General Electric (POR), Hawaiian Electric Industries (HE), Black Hills (BKH), CEMIG (CIG), Clearway Energy (CWEN), PNM Resources (PNM) and Ormat Technologies (ORA).

Pattern Energy Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.56%), BlackRock Inc. (6.53%), CI Investments Inc. (5.74%), Brookfield Asset Management Inc. (2.00%), Dimensional Fund Advisors LP (1.98%) and Morgan Stanley (1.79%). Company insiders that own Pattern Energy Group stock include Christopher M Shugart, Daniel M Elkort, Douglas G Hall, Esben W Pedersen, Patricia S Bellinger and Renewable Energy Gp Ii L R/C. View Institutional Ownership Trends for Pattern Energy Group.

PEGI stock was sold by a variety of institutional investors in the last quarter, including Riverstone Holdings LLC, Carlyle Group L.P., Wells Fargo & Company MN, BlackRock Inc., Morgan Stanley, TIAA CREF Investment Management LLC, American National Insurance Co. TX and Brookfield Asset Management Inc.. View Insider Buying and Selling for Pattern Energy Group.

PEGI stock was purchased by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., Vanguard Group Inc., Daiwa SB Investments Ltd., Panagora Asset Management Inc., James Investment Research Inc., Bowling Portfolio Management LLC, Advisors Asset Management Inc. and Trexquant Investment LP. Company insiders that have bought Pattern Energy Group stock in the last two years include Douglas G Hall and Patricia S Bellinger. 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 $21.10.

Pattern Energy Group has a market capitalization of $2.07 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.

The official website for Pattern Energy Group is http://www.patternenergy.com.

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]