Pattern Energy Group Company Profile (NASDAQ:PEGI)

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

Pattern Energy Group announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.418 per share on Monday, July 31st. This represents a $1.67 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date is Wednesday, June 28th. This is a positive change from Pattern Energy Group's previous quarterly dividend of $0.41. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc. (NASDAQ:PEGI) posted its earnings results on Tuesday, May, 9th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.03. The company earned $100.80 million during the quarter, compared to the consensus estimate of $114.35 million. Pattern Energy Group had a net margin of 3.33% and a return on equity of 0.37%. The business's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.32) earnings per share. View Pattern Energy Group's Earnings History.

9 brokers have issued 12-month target prices for Pattern Energy Group's stock. Their forecasts range from $21.00 to $28.00. On average, they expect Pattern Energy Group's stock price to reach $24.71 in the next year. View Analyst Ratings for Pattern Energy Group.

Here are some recent quotes from research analysts about Pattern Energy Group stock:

• 1. According to Zacks Investment Research, "Pattern Energy Group Inc. is a premium power company. It engages in developing, constructing, owning and operating wind power. The company's project situated primarily in the United States, Canada and parts of Latin America. Pattern Energy Group Inc. is based in San Francisco, United States. " (6/28/2017)
• 2. Credit Suisse Group analysts commented, "We initiate coverage of Pattern Energy Group (Pattern) with an Outperform rating and a $22 target price. Substantial near- term growth vs current levels is secured through recent acquisitions, longer- term growth is insulated from a more uncertain US renewable energy policy outlook, and the stock is trading near our assessment of net asset value. Disciplined Approach, but Definitely Growth: We model a 10% dividend CAGR 2016-2020 and more substantial CAFD/share growth over the same period." (11/17/2016)

Some companies that are related to Pattern Energy Group include IDACORP (IDA), Algonquin Power & Utilities Corp. (AQN), Portland General Electric Company (POR), Pampa Energia S.A. (PAM), Southwest Gas Corporation (SWX), Black Hills Corporation (BKH), ONE Gas (OGS), Allete (ALE), Comp En De Mn Cemig ADS (CIG), NewJersey Resources Corporation (NJR), Hawaiian Electric Industries (HE), Spire (SR), NRG Yield (NYLD), Pennon Group plc (PNN), Telephone and Data Systems (TDS), PNM Resources, Inc. (Holding Co.) (PNM), NorthWestern Corporation (NWE) and UIL Holdings (UIL).

Pattern Energy Group's management team includes the folowing people:

• Alan R. Batkin, Independent Chairman of the Board
• Michael M. Garland, President, Chief Executive Officer, Director
• Michael J. Lyon, Chief Financial Officer
• Daniel M. Elkort, Executive Vice President, General Counsel
• Hunter H. Armistead, Executive Vice President - Business Development
• Richard A. Ostberg, Senior Vice President, Chief Accounting Officer, Controller
• Kevin Devlin, Senior Vice President, Strategic Operations
• Christopher M. Shugart, Senior Vice President - Operations
• Esben W. Pedersen, Chief Investment Officer
• Kevin Deters, Vice President, Engineering and Construction

Pattern Energy Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include PUBLIC SECTOR PENSION INVESTMENT BOARD (9.90%), PATTERN RENEWABLES LP (9.40%), Orinda Asset Management LLC (0.15%), Tealwood Asset Management Inc. (0.11%), Aperio Group LLC (0.09%) and Narwhal Capital Management (0.07%). 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, Michael J Lyon, Patricia S Bellinger and Renewable Energy Gp Ii L R/C. View Institutional Ownership Trends for Pattern Energy Group.

Pattern Energy Group's stock was sold by a variety of institutional investors in the last quarter, including Daiwa SB Investments Ltd. and Berson & Corrado Investment Advisors LLC. Company insiders that have sold Pattern Energy Group stock in the last year include Christopher M Shugart, Daniel M Elkort, Eric S Lillybeck, Esben W Pedersen and Renewable Energy Gp Ii L R/C. View Insider Buying and Selling for Pattern Energy Group.

Pattern Energy Group's stock was acquired by a variety of institutional investors in the last quarter, including Orinda Asset Management LLC, Aperio Group LLC, Winslow Evans & Crocker Inc., Bank of Montreal Can, Narwhal Capital Management, US Bancorp DE and Tealwood Asset Management Inc.. Company insiders that have bought Pattern Energy Group stock in the last two years include Alan R Batkin, Douglas G Hall, Kevin E Devlin, Lord Of Madingley Browne, Michael J Lyon and Patricia S Bellinger. View Insider Buying and Selling for Pattern Energy Group.

Shares of Pattern Energy Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Pattern Energy Group stock can currently be purchased for approximately $24.64.