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

+0.23 (+0.82 %)
(As of 02/26/2020 08:13 AM ET)
Today's Range
Now: $28.30
50-Day Range
MA: $27.11
52-Week Range
Now: $28.30
Volume5.06 million shs
Average Volume1.71 million shs
Market Capitalization$2.78 billion
P/E RatioN/A
Dividend Yield6.01%
Pattern Energy Group Inc operates as an integrated renewable energy company. The company operates in two segments, Operating Business and Development Business. The Operating Business segment holds interest in 24 renewable energy projects with an operating capacity that totals approximately 4 gigawatts located in the United States, Canada, and Japan. Read More…

Industry, Sector and Symbol

Industry Electric services
Current SymbolNASDAQ:PEGI



Sales & Book Value

Annual Sales$483 million
Cash Flow$4.34 per share
Book Value$22.02 per share


Net Income$142 million


Market Cap$2.78 billion
Next Earnings Date3/6/2020 (Estimated)

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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, November 4th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.422 per share on Friday, January 31st. This represents a $1.69 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Monday, December 30th. 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 Monday, November, 4th. The utilities provider reported ($0.53) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.31. The utilities provider had revenue of $119 million for the quarter, compared to the consensus estimate of $120.06 million. Pattern Energy Group had a negative return on equity of 5.06% and a negative net margin of 19.92%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.13) 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 Friday, March 6th 2020. View Earnings Estimates for Pattern Energy Group.

What price target have analysts set for PEGI?

7 brokers have issued 12 month price targets for Pattern Energy Group's stock. Their forecasts range from $23.50 to $27.00. On average, they expect Pattern Energy Group's stock price to reach $25.94 in the next year. This suggests that the stock has a possible downside of 8.3%. View Analyst Price Targets for Pattern Energy Group.

What is the consensus analysts' recommendation 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.

Has Pattern Energy Group been receiving favorable news coverage?

News stories about PEGI stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 -1.0 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the next several days. View News Stories for Pattern Energy Group.

Are investors shorting Pattern Energy Group?

Pattern Energy Group saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,780,000 shares, a decline of 8.3% from the December 31st total of 3,030,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.9% of the shares of the company are sold short. View Pattern Energy Group's Current Options Chain.

Who are some of Pattern Energy Group's key competitors?

What other stocks do shareholders of Pattern Energy Group own?

Who are Pattern Energy Group's key executives?

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

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 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.

Which institutional investors are selling Pattern Energy Group stock?

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.

Which institutional investors are buying Pattern Energy Group stock?

PEGI stock was acquired 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.

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, Robinhood, Fidelity and Charles Schwab.

What is Pattern Energy Group's stock price today?

One share of PEGI stock can currently be purchased for approximately $28.30.

How big of a company is Pattern Energy Group?

Pattern Energy Group has a market capitalization of $2.78 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.

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:  2.7 out of 5 (star star)
Outperform Votes:  485 (Vote Outperform)
Underperform Votes:  399 (Vote Underperform)
Total Votes:  884
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 2/26/2020 by MarketBeat.com Staff

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