Somewhat Favorable News Coverage Somewhat Unlikely to Impact Pattern Energy Group (PEGI) Stock Price
Media headlines about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) have been trending somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pattern Energy Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.6351242216486 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Pattern Energy Group (PEGI) Upgraded to Buy at Goldman Sachs Group (americanbankingnews.com)
- Pattern Energy’s Meikle Wind Receives Project Excellence Award from Clean Energy BC (finance.yahoo.com)
- Hair-Raising Facts to Know About Risk Factors – Pattern Energy Group Inc., (NASDAQ: PEGI) – Stock Watch (stocksnewstimes.com)
- Hot Stock’s Alert: Pattern Energy Group Inc., (NASDAQ: PEGI), Enphase Energy, Inc., (NASDAQ: ENPH), QIAGEN NV … – Stocks In The News (press release) (tradingnewsnow.com)
- Pattern Energy Group Inc PEGI Insider Esben W Pedersen Sells 2400 Shares of Stock (itsforhome.com)
Pattern Energy Group (PEGI) traded up $0.03 during midday trading on Tuesday, hitting $21.14. The stock had a trading volume of 1,027,661 shares, compared to its average volume of 795,113. The company has a market cap of $2,146.10, a PE ratio of 2,192.00, a price-to-earnings-growth ratio of 9.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.51 and a quick ratio of 0.51. Pattern Energy Group has a 12-month low of $18.68 and a 12-month high of $26.56.
The company 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. This represents a $1.69 annualized dividend and a dividend yield of 7.98%. This is a boost from Pattern Energy Group’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, December 28th. Pattern Energy Group’s dividend payout ratio is presently 4,201.05%.
Several equities analysts recently issued reports on the company. BidaskClub cut Pattern Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Goldman Sachs Group raised Pattern Energy Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut Pattern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. National Bank Financial upped their price objective on Pattern Energy Group from $27.00 to $34.50 and gave the company an “outperform” rating in a research report on Saturday, September 23rd. Finally, BMO Capital Markets lowered their price objective on Pattern Energy Group from $28.50 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Pattern Energy Group presently has an average rating of “Buy” and a consensus price target of $25.65.
In other news, insider Esben W. Pedersen sold 2,400 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $22.53, for a total transaction of $54,072.00. Following the transaction, the insider now directly owns 141,011 shares of the company’s stock, valued at approximately $3,176,977.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 8,200 shares of company stock worth $190,477 over the last three months. 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.
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