Were Analysts Bullish Pattern Energy Group Inc. (NASDAQ:PEGI) This Week?

June 15, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.34 in 2018 Q1. 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.
Marshall Wace Llp holds 32,400 shares. Parallax Volatility Advisers L P reported 85 shares stake. Moreover, Gradient Invs Lc has 0% invested in Pattern Energy Group Inc. (NASDAQ:PEGI) for 400 shares. Parametric Portfolio Ltd reported 63,711 shares stake. The Ontario – Canada-based Guardian Capital Lp has invested 0.01% in Pattern Energy Group Inc. (NASDAQ:PEGI). Ubs Asset Mngmt Americas Inc reported 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). Agf Invs America invested 0.93% in Pattern Energy Group Inc. (NASDAQ:PEGI). Missouri-based Kennedy Capital has invested 0.12% in Pattern Energy Group Inc. (NASDAQ:PEGI). Proshare Limited Liability Com owns 10,056 shares. Moody State Bank Trust Division holds 0.02% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI) for 19,080 shares. Metropolitan Life Ins Ny invested 0% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Citigroup has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). Asset One Co Ltd invested in 0% or 35,221 shares. Ardsley Advisory Prtnrs invested in 1.28% or 492,500 shares. Registered Inv Advisor has invested 0.18% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI).

Since February 1, 2018, it had 2 buys, and 1 insider sale for $208,097 activity. The insider BATKIN ALAN R bought $171,926. The insider Pedersen Esben W. sold 2,400 shares worth $49,231.

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 11 analyst reports since February 6, 2018 according to SRatingsIntel. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) has “Outperform” rating given on Friday, March 2 by BMO Capital Markets. The stock has “Buy” rating by Desjardins Securities on Tuesday, February 27. The firm has “Buy” rating given on Monday, April 23 by BMO Capital Markets. As per Friday, March 2, the company rating was upgraded by Bank of America. As per Friday, March 2, the company rating was downgraded by Raymond James. The rating was maintained by Guggenheim on Friday, March 2 with “Buy”. Desjardins Securities maintained it with “Buy” rating and $23.0 target in Tuesday, March 20 report. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) has “Buy” rating given on Friday, March 2 by RBC Capital Markets. BMO Capital Markets maintained the shares of PEGI in report on Tuesday, February 6 with “Buy” rating. The rating was downgraded by Williams Capital Group on Monday, March 5 to “Hold”. Below is a list of Pattern Energy Group Inc. (NASDAQ:PEGI) latest ratings and price target changes.

23/04/2018 Broker: BMO Capital Markets Rating: Buy New Target: $21.0000 Maintain
20/03/2018 Broker: Desjardins Securities Rating: Buy New Target: $23.0 Maintain
15/03/2018 Broker: Goldman Sachs Rating: Buy New Target: $22.0 Maintain
05/03/2018 Broker: Williams Capital Group Old Rating: Buy New Rating: Hold Downgrade
02/03/2018 Broker: Guggenheim Rating: Buy New Target: $25.0 Maintain
02/03/2018 Broker: RBC Capital Markets Rating: Buy New Target: $23.0 Maintain
02/03/2018 Broker: Bank of America Rating: Hold New Target: $17.0 Upgrade
02/03/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $26 New Target: $24 Maintain
02/03/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
27/02/2018 Broker: Desjardins Securities Rating: Buy New Target: $26.5 Maintain

The stock increased 1.38% or $0.26 during the last trading session, reaching $19.04. About 1.00M shares traded or 10.60% up from the average. Pattern Energy Group Inc. (NASDAQ:PEGI) has declined 19.62% since June 15, 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 $1.87 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 currently has negative earnings. It sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets.

More notable recent Pattern Energy Group Inc. (NASDAQ:PEGI) news were published by: Seekingalpha.com which released: “Pattern’s 9% Dividend Analyzed” on June 04, 2018, also Seekingalpha.com with their article: “Pattern Energy Group: Go Where The Wind Blows” published on May 22, 2018, Fool.com published: “2 Hated Dividend Stocks to Buy Now” on June 14, 2018. More interesting news about Pattern Energy Group Inc. (NASDAQ:PEGI) were released by: Nasdaq.com and their article: “New Research Coverage Highlights Ichor, SCANA, Pattern Energy Group, Arthur J. Gallagher, Premier, and Azul …” published on June 15, 2018 as well as Seekingalpha.com‘s news article titled: “Pattern Energy: Strong Tailwinds Going Forward” with publication date: May 17, 2018.

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

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