Tudor Investment Corp ET AL lowered its stake in shares of Pattern Energy Group Inc. (NASDAQ:PEGI) (TSE:PEG) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,898 shares of the utilities provider’s stock after selling 128 shares during the period. Tudor Investment Corp ET AL’s holdings in Pattern Energy Group were worth $355,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PEGI. Ameritas Investment Partners Inc. purchased a new stake in shares of Pattern Energy Group during the 1st quarter worth approximately $115,000. Advisor Group Inc. increased its stake in shares of Pattern Energy Group by 31.0% during the 2nd quarter. Advisor Group Inc. now owns 5,039 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 1,193 shares during the last quarter. US Bancorp DE increased its stake in shares of Pattern Energy Group by 24.4% during the 1st quarter. US Bancorp DE now owns 6,274 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 1,231 shares during the last quarter. Turner Investments LLC purchased a new stake in shares of Pattern Energy Group during the 2nd quarter worth approximately $167,000. Finally, Winslow Evans & Crocker Inc. purchased a new stake in shares of Pattern Energy Group during the 2nd quarter worth approximately $177,000. Institutional investors own 95.36% of the company’s stock.

In other Pattern Energy Group news, VP Daniel M. Elkort sold 4,100 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $24.08, for a total value of $98,728.00. Following the transaction, the vice president now directly owns 75,173 shares in the company, valued at $1,810,165.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Esben W. Pedersen sold 1,200 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $25.18, for a total transaction of $30,216.00. Following the completion of the transaction, the insider now owns 149,411 shares in the company, valued at $3,762,168.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,400 shares of company stock worth $253,840. 1.60% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Pattern Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Pattern Energy Group from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of Pattern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada raised their price target on shares of Pattern Energy Group from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets restated a “buy” rating and set a $28.00 price target on shares of Pattern Energy Group in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $26.40.

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Pattern Energy Group Inc. (NASDAQ PEGI) opened at 24.70 on Friday. Pattern Energy Group Inc. has a 1-year low of $18.68 and a 1-year high of $26.56. The company has a 50-day moving average of $25.16 and a 200-day moving average of $23.57. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 72.01 and a beta of 1.04.

Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last issued its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $107.76 million for the quarter, compared to the consensus estimate of $124.02 million. Pattern Energy Group had a net margin of 7.77% and a return on equity of 1.05%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Analysts anticipate that Pattern Energy Group Inc. will post $0.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.42 per share. This is an increase from Pattern Energy Group’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 6.80%. Pattern Energy Group’s dividend payout ratio is 509.11%.

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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Institutional Ownership by Quarter for Pattern Energy Group (NASDAQ:PEGI)

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