Pattern Energy Group (PEGI) Earning Somewhat Favorable News Coverage, Report Shows

News articles about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pattern Energy Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.8752528311252 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

A number of analysts recently commented on PEGI shares. Williams Capital started coverage on Pattern Energy Group in a research note on Monday, October 16th. They issued a “buy” rating and a $28.00 price target for the company. Goldman Sachs Group raised Pattern Energy Group from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, December 5th. Zacks Investment Research raised Pattern Energy Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. National Bank Financial raised their price target on Pattern Energy Group from $27.00 to $34.50 and gave the stock an “outperform” rating in a research note on Saturday, September 23rd. Finally, Bank of America dropped their price target on Pattern Energy Group from $21.00 to $19.00 and set an “underperform” rating for the company in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.61.

Pattern Energy Group (NASDAQ:PEGI) opened at $21.38 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2,090.00, a price-to-earnings ratio of 534.50, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. Pattern Energy Group has a twelve month low of $19.26 and a twelve month high of $26.56.

Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last issued its quarterly earnings results on Thursday, November 9th. The utilities provider reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.14). Pattern Energy Group had a net margin of 1.01% and a return on equity of 0.06%. equities analysts forecast that Pattern Energy Group will post 0.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.422 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Pattern Energy Group’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a dividend yield of 7.90%. Pattern Energy Group’s dividend payout ratio (DPR) is presently 4,225.00%.

In other news, insider Esben W. Pedersen sold 2,400 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.01, for a total transaction of $55,224.00. Following the completion of the transaction, the insider now directly owns 143,411 shares in the company, valued at $3,299,887.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 7,700 shares of company stock valued at $172,657 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

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Pattern Energy Group Company Profile

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.

Insider Buying and Selling by Quarter for Pattern Energy Group (NASDAQ:PEGI)

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