Pattern Energy Group (NASDAQ: PEGI) is one of 69 publicly-traded companies in the “Electric services” industry, but how does it contrast to its competitors? We will compare Pattern Energy Group to related companies based on the strength of its valuation, profitability, analyst recommendations, institutional ownership, risk, earnings and dividends.
Volatility and Risk
Pattern Energy Group has a beta of 0.97, suggesting that its share price is 3% less volatile than the S&P 500. Comparatively, Pattern Energy Group’s competitors have a beta of 0.03, suggesting that their average share price is 97% less volatile than the S&P 500.
This table compares Pattern Energy Group and its competitors revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Pattern Energy Group||$411.34 million||-$17.90 million||94.21|
|Pattern Energy Group Competitors||$8.49 billion||$471.49 million||10.84|
Pattern Energy Group’s competitors have higher revenue and earnings than Pattern Energy Group. Pattern Energy Group is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Pattern Energy Group pays an annual dividend of $1.69 per share and has a dividend yield of 9.4%. Pattern Energy Group pays out 889.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Electric services” companies pay a dividend yield of 3.8% and pay out 72.9% of their earnings in the form of a dividend.
This table compares Pattern Energy Group and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Pattern Energy Group||-4.35%||0.34%||0.16%|
|Pattern Energy Group Competitors||-22.94%||4.45%||-0.40%|
This is a breakdown of recent recommendations for Pattern Energy Group and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Pattern Energy Group||0||6||7||0||2.54|
|Pattern Energy Group Competitors||432||2359||2037||58||2.35|
Pattern Energy Group currently has a consensus target price of $22.96, suggesting a potential upside of 28.26%. As a group, “Electric services” companies have a potential upside of 9.55%. Given Pattern Energy Group’s stronger consensus rating and higher probable upside, equities analysts plainly believe Pattern Energy Group is more favorable than its competitors.
Insider & Institutional Ownership
96.8% of Pattern Energy Group shares are owned by institutional investors. Comparatively, 63.6% of shares of all “Electric services” companies are owned by institutional investors. 1.6% of Pattern Energy Group shares are owned by company insiders. Comparatively, 3.5% of shares of all “Electric services” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Pattern Energy Group beats its competitors on 9 of the 15 factors compared.
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. The Company sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term and fixed-price power purchase agreements (PPAs). The Company’s operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas; Grand, Ontario; Post Rock, Kansas; Lost Creek, Missouri; K2, Ontario; Logan’s Gap, Texas, Amazon Wind Farm Fowler Ridge, Indiana, and Armow Wind power facility in Ontario, Canada.
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