Media headlines about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pattern Energy Group earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 47.6595579234185 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Glowing Stock’s Review – Pattern Energy Group Inc. (NASDAQ: PEGI) – The Investor Guide (wallstreetnews24.com)
- Pattern Energy’s Headwinds Could Blow Over, Goldman Sachs Upgrades (finance.yahoo.com)
- Pattern Energy Group Inc. (NASDAQ:PEGI) – Analysts’ Suggestions to Watch – Nasdaq Journal (press release) (nasdaqjournal.com)
- Pattern Energy’s Meikle Wind Receives Project Excellence Award … – Canada NewsWire (press release) (newswire.ca)
- Pattern Energy Group (PEGI) Upgraded to Buy at Goldman Sachs Group (americanbankingnews.com)
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Pattern Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Pattern Energy Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Friday, August 25th. Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Pattern Energy Group in a report on Tuesday, October 24th. Raymond James Financial lowered their target price on shares of Pattern Energy Group from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Finally, BMO Capital Markets lowered their target price on shares of Pattern Energy Group from $28.50 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Pattern Energy Group currently has an average rating of “Buy” and an average price target of $25.65.
Pattern Energy Group (PEGI) traded up $0.29 during trading hours on Thursday, hitting $21.33. 760,282 shares of the stock were exchanged, compared to its average volume of 797,005. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2,080.00, a price-to-earnings ratio of 2,114.00, a PEG ratio of 9.40 and a beta of 0.99. Pattern Energy Group has a twelve month low of $18.68 and a twelve month high of $26.56.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.422 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 7.91%. This is an increase 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 payout ratio is presently 4,200.00%.
In related news, insider Esben W. Pedersen sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $22.53, for a total value of $54,072.00. Following the completion of the sale, the insider now directly owns 141,011 shares in the company, valued at $3,176,977.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 8,200 shares of company stock valued at $190,477. 1.60% of the stock is owned by insiders.
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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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