News articles about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) have trended positive on Thursday, Alpha One Sentiment reports. The research group, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pattern Energy Group earned a coverage optimism score of 0.40 on Alpha One’s scale. Alpha One also assigned news stories about the utilities provider an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- 5 Stocks to Buy If You Love the Earth (wisebread.com)
- Pattern Energy Group (PEGI) Receiving Favorable News Coverage, Study Finds (americanbankingnews.com)
- Pattern Energy Group Inc (PEGI) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Pattern Energy Group (PEGI) Earns News Impact Score of 0.37 (americanbankingnews.com)
- Pattern Energy Group Inc. (NasdaqGS:PEGI) Quant Update & Trader Valuation – TCT (twincitytelegraph.com)
A number of equities research analysts recently weighed in on the company. Credit Suisse Group AG restated a “buy” rating and issued a $22.00 price target on shares of Pattern Energy Group in a report on Wednesday, April 5th. Zacks Investment Research cut Pattern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $28.00 price target (down previously from $36.00) on shares of Pattern Energy Group in a report on Friday, March 3rd. Macquarie lowered Pattern Energy Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 23rd. Finally, Goldman Sachs Group Inc began coverage on Pattern Energy Group in a research note on Tuesday, March 14th. They issued a “neutral” rating and a $21.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.29.
Shares of Pattern Energy Group (NASDAQ:PEGI) traded up 0.14% on Thursday, hitting $21.40. The company’s stock had a trading volume of 404,039 shares. Pattern Energy Group has a 52 week low of $18.68 and a 52 week high of $25.13. The company’s market cap is $1.87 billion. The stock’s 50 day moving average is $20.35 and its 200-day moving average is $20.32.
Pattern Energy Group (NASDAQ:PEGI) last issued its earnings results on Wednesday, March 1st. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. The company earned $81.06 million during the quarter, compared to analyst estimates of $105.84 million. Pattern Energy Group had a negative net margin of 7.83% and a positive return on equity of 0.16%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. On average, equities research analysts anticipate that Pattern Energy Group will post $0.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.4138 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 7.73%. This is a positive change from Pattern Energy Group’s previous quarterly dividend of $0.41. Pattern Energy Group’s dividend payout ratio (DPR) is -428.95%.
In related news, Director Patricia S. Bellinger bought 3,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was bought at an average price of $19.74 per share, with a total value of $59,220.00. Following the purchase, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $350,148.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.79% of the company’s stock.
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About Pattern Energy Group
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.
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