Pattern Energy Group Inc. (NASDAQ:PEGI) (TSE:PEG) insider Esben W. Pedersen sold 2,400 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $22.53, for a total value of $54,072.00. Following the transaction, the insider now owns 141,011 shares of the company’s stock, valued at $3,176,977.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Pattern Energy Group Inc. (NASDAQ:PEGI) traded down $0.62 during trading hours on Friday, hitting $21.92. The stock had a trading volume of 1,265,595 shares, compared to its average volume of 792,050. Pattern Energy Group Inc. has a 12 month low of $18.68 and a 12 month high of $26.56. The company has a market capitalization of $2,150.00, a PE ratio of 2,249.00, a price-to-earnings-growth ratio of 10.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.51 and a current ratio of 0.51.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.422 dividend. This is a positive change from Pattern Energy Group’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, December 28th. This represents a $1.69 annualized dividend and a dividend yield of 7.70%. Pattern Energy Group’s dividend payout ratio is 4,200.00%.

PEGI has been the subject of a number of recent research reports. Williams Capital assumed coverage on Pattern Energy Group in a research note on Monday, October 16th. They set a “buy” rating and a $28.00 price objective for the company. BMO Capital Markets reissued a “buy” rating and issued a $28.50 price target on shares of Pattern Energy Group in a research note on Friday, September 8th. Zacks Investment Research raised Pattern Energy Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Friday, August 25th. BidaskClub cut Pattern Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Wells Fargo & Company decreased their price target on Pattern Energy Group from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.65.

Several institutional investors have recently made changes to their positions in PEGI. Beach Investment Management LLC. lifted its holdings in shares of Pattern Energy Group by 1,098.2% in the second quarter. Beach Investment Management LLC. now owns 1,974,586 shares of the utilities provider’s stock valued at $47,074,000 after buying an additional 1,809,792 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pattern Energy Group by 21,212.6% in the second quarter. JPMorgan Chase & Co. now owns 784,517 shares of the utilities provider’s stock valued at $18,702,000 after buying an additional 780,836 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Pattern Energy Group by 71.7% in the second quarter. Lazard Asset Management LLC now owns 1,483,717 shares of the utilities provider’s stock valued at $35,371,000 after buying an additional 619,369 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Pattern Energy Group by 432.8% in the second quarter. Teachers Advisors LLC now owns 676,343 shares of the utilities provider’s stock valued at $16,124,000 after buying an additional 549,399 shares during the period. Finally, Cohen & Steers Inc. lifted its holdings in shares of Pattern Energy Group by 25.5% in the third quarter. Cohen & Steers Inc. now owns 2,415,931 shares of the utilities provider’s stock valued at $58,224,000 after buying an additional 490,987 shares during the period. Institutional investors and hedge funds own 75.48% 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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