Somewhat Positive News Coverage Somewhat Unlikely to Affect Pattern Energy Group (NASDAQ:PEGI) Share Price

News coverage about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 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 0.21 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.2339434312777 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Pattern Energy Group (NASDAQ:PEGI) traded up $0.07 during midday trading on Thursday, reaching $21.41. The company’s stock had a trading volume of 585,102 shares, compared to its average volume of 679,450. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.87. Pattern Energy Group has a 1 year low of $19.14 and a 1 year high of $26.56. The stock has a market capitalization of $2,100.00, a P/E ratio of 535.25, a P/E/G ratio of 3.87 and a beta of 0.99.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a $0.422 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.69 dividend on an annualized basis and a yield of 7.88%. This is an increase from Pattern Energy Group’s previous quarterly dividend of $0.42. Pattern Energy Group’s payout ratio is 4,225.00%.

A number of research firms recently issued reports on PEGI. Zacks Investment Research lowered Pattern Energy Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Pattern Energy Group in a research report on Tuesday, October 24th. Raymond James Financial reduced their price target on Pattern Energy Group from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. BMO Capital Markets reduced their price target on Pattern Energy Group from $28.50 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Finally, Wells Fargo & Co dropped their price objective on Pattern Energy Group from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Pattern Energy Group currently has an average rating of “Buy” and an average price target of $25.61.

In other Pattern Energy Group news, insider Esben W. Pedersen sold 2,400 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.59, for a total value of $51,816.00. Following the transaction, the insider now owns 134,528 shares in the company, valued at $2,904,459.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 7,700 shares of company stock worth $172,657 in the last 90 days. Corporate insiders own 1.60% 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.

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

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