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. Shareholders 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 yield of 6.12%. The ex-dividend date is Monday, December 30th. View Pattern Energy Group's Dividend History.

Pattern Energy Group Inc (NASDAQ:PEGI) announced its quarterly earnings results on Monday, November, 4th. The utilities provider reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.31. The utilities provider had revenue of $119 million for the quarter, compared to analyst estimates of $120.06 million. Pattern Energy Group's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. 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 equities research analysts have issued 12-month price objectives for Pattern Energy Group's shares. 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 6.0%. 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 articles about PEGI stock have trended neutral recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pattern Energy Group earned a media sentiment score of 0.2 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 news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Pattern Energy Group.

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

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), Enterprise Products Partners (EPD), AbbVie (ABBV), Hannon Armstrong Sustnbl Infrstr Cap (HASI), New Residential Investment (NRZ), Iron Mountain (IRM), Enbridge (ENB) and Main Street Capital (MAIN).

Pattern Energy Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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., Beach Investment Counsel Inc. PA, Advisors Asset Management Inc., Shelton Capital Management, Guggenheim Capital LLC, Principal Financial Group Inc., Shepherd Kaplan Krochuk LLC and State of New Jersey Common Pension Fund D. Company insiders that have sold Pattern Energy Group company stock in the last year include Christopher M Shugart, Esben W Pedersen and Kevin E Devlin. View Insider Buying and Selling for Pattern Energy Group.

PEGI stock was purchased 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 $27.58.