Pattern Energy Group Inc (NASDAQ:PEGI) (TSE:PEG) Director Douglas G. Hall purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were acquired at an average price of $17.08 per share, for a total transaction of $85,400.00. Following the purchase, the director now owns 39,982 shares in the company, valued at $682,892.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Pattern Energy Group Inc (PEGI) traded up $0.25 during trading hours on Friday, reaching $17.94. 748,942 shares of the company were exchanged, compared to its average volume of 1,225,771. Pattern Energy Group Inc has a 1-year low of $16.58 and a 1-year high of $26.56. The company has a quick ratio of 0.51, a current ratio of 1.25 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1,731.96, a price-to-earnings ratio of -89.70, a PEG ratio of 1.82 and a beta of 0.96.
Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last issued its quarterly earnings results on Thursday, March 1st. The utilities provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Pattern Energy Group had a negative net margin of 4.35% and a positive return on equity of 0.34%. The firm had revenue of $110.70 million during the quarter, compared to the consensus estimate of $126.11 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue was up 36.5% on a year-over-year basis. equities analysts anticipate that Pattern Energy Group Inc will post 0.42 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. California Public Employees Retirement System boosted its holdings in Pattern Energy Group by 4.4% in the 3rd quarter. California Public Employees Retirement System now owns 163,178 shares of the utilities provider’s stock valued at $3,933,000 after purchasing an additional 6,878 shares during the period. State Street Corp boosted its holdings in Pattern Energy Group by 8.2% in the 2nd quarter. State Street Corp now owns 1,430,421 shares of the utilities provider’s stock valued at $34,101,000 after purchasing an additional 108,889 shares during the period. Capital Advisors Inc. OK boosted its holdings in Pattern Energy Group by 2.0% in the 4th quarter. Capital Advisors Inc. OK now owns 556,058 shares of the utilities provider’s stock valued at $11,950,000 after purchasing an additional 10,752 shares during the period. Investec Asset Management LTD boosted its holdings in Pattern Energy Group by 11.5% in the 3rd quarter. Investec Asset Management LTD now owns 75,997 shares of the utilities provider’s stock valued at $1,832,000 after purchasing an additional 7,850 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Pattern Energy Group by 11.0% in the 3rd quarter. American Century Companies Inc. now owns 264,083 shares of the utilities provider’s stock valued at $6,364,000 after purchasing an additional 26,217 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on PEGI shares. BMO Capital Markets restated a “buy” rating and set a $26.00 price target on shares of Pattern Energy Group in a research note on Tuesday, February 6th. Goldman Sachs Group upgraded shares of Pattern Energy Group from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, December 5th. Desjardins reiterated a “buy” rating and issued a $26.50 target price on shares of Pattern Energy Group in a research note on Tuesday, February 27th. Guggenheim set a $25.00 target price on shares of Pattern Energy Group and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Morgan Stanley lowered shares of Pattern Energy Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $33.00 to $25.00 in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.18.
ILLEGAL ACTIVITY NOTICE: “Insider Buying: Pattern Energy Group Inc (PEGI) Director Buys 5,000 Shares of Stock” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3254023/insider-buying-pattern-energy-group-inc-pegi-director-buys-5000-shares-of-stock.html.
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.
Receive News & Ratings for Pattern Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pattern Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.