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

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

Pattern Energy Group announced a quarterly dividend on Tuesday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date is Friday, December 28th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) announced its quarterly earnings results on Monday, November, 5th. The utilities provider reported ($0.13) EPS for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.09. The utilities provider had revenue of $118.39 million for the quarter, compared to the consensus estimate of $117.22 million. Pattern Energy Group had a return on equity of 7.35% and a net margin of 30.81%. The business's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) earnings per share. 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.

12 brokerages have issued twelve-month target prices 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 $22.05 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price. View Analyst Price Targets for Pattern Energy Group.

12 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pattern Energy Group.

News coverage about PEGI stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring 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 nearest to five being the most favorable. Pattern Energy Group earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days.

Pattern Energy Group saw a decrease in short interest in November. As of November 15th, there was short interest totalling 13,111,499 shares, a decrease of 13.3% from the October 31st total of 15,130,459 shares. Based on an average daily volume of 1,818,693 shares, the days-to-cover ratio is currently 7.2 days. Currently, 13.6% of the company's stock 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), Algonquin Power & Utilities (AQN), IDACORP (IDA), Enel Generacion Chile (EOCC), Brookfield Renewable Partners (BEP), Enel Chile (ENIC), Portland General Electric (POR), Hawaiian Electric Industries (HE), Black Hills (BKH), CEMIG (CIG), PNM Resources (PNM), Clearway Energy (CWEN) and Ormat Technologies (ORA).

Pattern Energy Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.56%), Vanguard Group Inc (8.56%), BlackRock Inc. (6.53%), CI Investments Inc. (5.74%), Brookfield Asset Management Inc. (2.00%) and Dimensional Fund Advisors LP (1.98%). 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 bought by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., Vanguard Group Inc, Vanguard Group Inc., Daiwa SB Investments Ltd., Panagora Asset Management Inc., James Investment Research Inc., Bowling Portfolio Management LLC and Advisors Asset Management Inc.. 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 $20.91.

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]