A number of firms have modified their ratings and price targets on shares of Pattern Energy Group (NASDAQ: PEGI) recently:

  • 8/10/2017 – Pattern Energy Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/8/2017 – Pattern Energy Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. “
  • 8/2/2017 – Pattern Energy Group had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $28.00 price target on the stock.
  • 8/1/2017 – Pattern Energy Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/28/2017 – Pattern Energy Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “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. “
  • 6/22/2017 – Pattern Energy Group had its price target raised by analysts at Raymond James Financial, Inc. from $26.00 to $27.00. They now have an “outperform” rating on the stock.
  • 6/20/2017 – Pattern Energy Group had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $24.00 price target on the stock, up previously from $23.00.
  • 6/20/2017 – Pattern Energy Group had its price target raised by analysts at Royal Bank Of Canada from $24.00 to $25.00. They now have an “outperform” rating on the stock.
  • 6/20/2017 – Pattern Energy Group had its price target raised by analysts at Desjardins from $25.50 to $26.00. They now have a “buy” rating on the stock.

Pattern Energy Group Inc. (NASDAQ PEGI) opened at 24.14 on Wednesday. Pattern Energy Group Inc. has a 12 month low of $18.68 and a 12 month high of $25.42. The firm’s 50-day moving average is $24.38 and its 200-day moving average is $22.14. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 70.38 and a beta of 1.05.

Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Pattern Energy Group had a return on equity of 1.05% and a net margin of 7.77%. The firm had revenue of $107.76 million for the quarter, compared to the consensus estimate of $124.02 million. During the same quarter last year, the business posted ($0.04) earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, analysts anticipate that Pattern Energy Group Inc. will post $0.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.42 per share. This is an increase from Pattern Energy Group’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 6.96%. Pattern Energy Group’s dividend payout ratio (DPR) is presently 506.08%.

In related news, insider Esben W. Pedersen sold 1,200 shares of Pattern Energy Group stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $23.00, for a total transaction of $27,600.00. Following the transaction, the insider now owns 144,867 shares in the company, valued at $3,331,941. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Daniel M. Elkort sold 4,100 shares of Pattern Energy Group stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $24.08, for a total value of $98,728.00. Following the transaction, the vice president now owns 75,173 shares in the company, valued at approximately $1,810,165.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,711,400 shares of company stock worth $190,889,034. 1.60% of the stock is currently owned by company insiders.

Pattern Energy Group Inc is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.

Receive News & Ratings for Pattern Energy Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pattern Energy Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.