How Analysts Feel About Pattern Energy Group Inc – Class A (NASDAQ:PEGI) After Decrease in Sellers?

August 9, 2018 - By Pearl Odom

Investors sentiment decreased to 1.34 in Q1 2018. Its down 0.21, from 1.55 in 2017Q4. It worsened, as 17 investors sold Pattern Energy Group Inc. shares while 47 reduced holdings. 24 funds opened positions while 62 raised stakes. 90.43 million shares or 10.86% more from 81.57 million shares in 2017Q4 were reported.
First Interstate Financial Bank reported 945 shares or 0% of all its holdings. Virtu Fincl Limited Liability Company reported 13,180 shares or 0.01% of all its holdings. Moreover, Berson & Corrado Investment Advsr Ltd Liability Co has 0.28% invested in Pattern Energy Group Inc. (NASDAQ:PEGI) for 26,700 shares. Atlantic Tru Gru Limited Liability holds 0.02% or 300,000 shares in its portfolio. Oppenheimer And, a New York-based fund reported 13,304 shares. Kennedy Capital Inc has 0.12% invested in Pattern Energy Group Inc. (NASDAQ:PEGI). Aperio Gru Limited Company has invested 0.01% in Pattern Energy Group Inc. (NASDAQ:PEGI). Sector Pension Investment Board reported 1.13% in Pattern Energy Group Inc. (NASDAQ:PEGI). State Street has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). Bankshares Of Mellon Corp holds 0.01% in Pattern Energy Group Inc. (NASDAQ:PEGI) or 1.61M shares. Advisory invested 0.15% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Robecosam Ag accumulated 1.15 million shares. Smithfield accumulated 260 shares. Tortoise Capital Advsrs Lc holds 1,592 shares or 0% of its portfolio. Us National Bank De reported 0% in Pattern Energy Group Inc. (NASDAQ:PEGI).

Since March 6, 2018, it had 2 insider buys, and 0 insider sales for $257,328 activity. $85,402 worth of Pattern Energy Group Inc. (NASDAQ:PEGI) was bought by Hall Douglas G. on Tuesday, March 6.

The stock of Pattern Energy Group Inc – Class A (NASDAQ:PEGI) registered a decrease of 8.13% in short interest. PEGI’s total short interest was 9.72M shares in August as published by FINRA. Its down 8.13% from 10.58M shares, reported previously. With 741,400 shares average volume, it will take short sellers 13 days to cover their PEGI’s short positions.

The stock decreased 1.96% or $0.355 during the last trading session, reaching $17.735. About 1.53M shares traded or 33.71% up from the average. Pattern Energy Group Inc. (NASDAQ:PEGI) has declined 19.62% since August 9, 2017 and is downtrending. It has underperformed by 32.19% the S&P500.

Pattern Energy Group Inc. operates as an independent power firm that owns and operates power projects in the United States, Canada, and Chile. The company has market cap of $1.74 billion. As of March 1, 2017, the firm had a portfolio of 18 wind power projects with a total owned capacity of 2,644 MW. It has a 14.51 P/E ratio. It sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets.

Pattern Energy Group Inc. (NASDAQ:PEGI) Ratings Coverage

Among 8 analysts covering Pattern Energy (NASDAQ:PEGI), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Pattern Energy had 10 analyst reports since February 27, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 15 by Goldman Sachs. The firm has “Outperform” rating given on Friday, March 2 by BMO Capital Markets. Williams Capital Group downgraded the shares of PEGI in report on Monday, March 5 to “Hold” rating. The stock has “Buy” rating by Desjardins Securities on Tuesday, February 27. The firm has “Buy” rating by BMO Capital Markets given on Monday, April 23. Bank of America upgraded it to “Hold” rating and $17.0 target in Friday, March 2 report. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) has “Buy” rating given on Friday, March 2 by RBC Capital Markets. The stock has “Buy” rating by Desjardins Securities on Tuesday, March 20. As per Friday, March 2, the company rating was maintained by Guggenheim. The rating was downgraded by Raymond James on Friday, March 2 to “Market Perform”.

More notable recent Pattern Energy Group Inc. (NASDAQ:PEGI) news were published by: Seekingalpha.com which released: “Pattern Energy Group: Crisis Or Opportunity?” on July 17, 2018, also Streetinsider.com with their article: “Pattern Energy (PEGI) Tops Q2 EPS by 10c, Revenues Miss” published on August 09, 2018, Nasdaq.com published: “5 Misconceptions About Renewable Energy That Could Lead Investors Astray” on July 30, 2018. More interesting news about Pattern Energy Group Inc. (NASDAQ:PEGI) were released by: Seekingalpha.com and their article: “Green Energy With 9.4% Yield, Pullback Creates Unique Buying Opportunity” published on July 21, 2018 as well as Benzinga.com‘s news article titled: “30 Stocks Moving In Friday’s Mid-Day Session” with publication date: July 13, 2018.

Pattern Energy Group Inc. (NASDAQ:PEGI) Institutional Positions Chart

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