Pattern Energy Group Inc (PEGI) Short Interest Up 10.6% in December

Galtero Lara
Enero 13, 2018

In the last 90 days, insiders have sold 7,700 shares of company stock worth $172,657. The institutional investor held 7.68M shares of the central company at the end of 2017Q3, valued at $185.02 million, down from 8.26M at the end of the previous reported quarter. (NASDAQ:PEGI). Lazard Asset Ltd Limited Liability Company invested 0.06% of its portfolio in Pattern Energy Group Inc.

Pattern Energy Group (PEGI) traded up $0.07 during mid-day trading on Friday, reaching $21.41. 927,660 shares of the company traded hands. JPMorgan Chase & Co. grew its stake in Pattern Energy Group by 21,212.6% during the 2nd quarter. (NASDAQ:PEGI) has risen 6.74% since January 9, 2017 and is uptrending. It has underperformed by 9.96% the S&P500. (PEGI) by 54.74% based on its latest 2017Q3 regulatory filing with the SEC. The stock of Pattern Energy Group Inc. Carlyle Group Lp who had been investing in Pattern Energy Group Inc for a number of months, seems to be less bullish one the $2.10 billion market cap company. The stock decreased 0.74% or $0.88 during the last trading session, reaching $118.03. It has outperformed by 0.16% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 7 selling transactions for $253,826 activity. Symons Cap Mgmt Inc reported 0.05% of its portfolio in Pattern Energy Group Inc. The insider Elkort Daniel M. sold 4,100 shares worth $98,716. 500 shares valued at $12,590 were sold by Shugart Christopher M. on Tuesday, August 1. Lowe's Companies Inc. had 76 analyst reports since August 19, 2015 according to SRatingsIntel. (NYSE:MRK). Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 278,629 shares stake. For the next financial year, analysts expect that the firm will post sales of $571.75 million per share, with estimates ranging from $544.90 million to $598.15 million. After $-0.26 actual earnings per share reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts -130.77% EPS growth.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.50, from 1.54 in 2017Q2. The shares were sold at an average price of $22.53, for a total transaction of $54,072.00. (NASDAQ:PEGI) for 45,924 shares. (NASDAQ:PEGI) shares. $12,590 worth of Pattern Energy Group Inc.

Several hedge funds have recently bought and sold shares of the company. 401.83 million shares or 0.39% less from 403.41 million shares in 2017Q2 were reported. (NASDAQ:PEGI). Guggenheim Lc holds 183,104 shares or 0.01% of its portfolio. Tudor Investment Corporation Et Al, a Connecticut-based fund reported 8,495 shares. Pattern Energy Group's dividend payout ratio (DPR) is 4,225.00%. (NASDAQ:PEGI) for 62 shares. 319,594 are owned by Schwab Charles Inv. Cramer Rosenthal Mcglynn Ltd holds 1.43% in FedEx Corporation (NYSE:FDX) or 395,786 shares. Meeder Asset Mngmt holds 0.05% or 20,331 shares. This is a boost from Pattern Energy Group's previous quarterly dividend of $0.42. (NASDAQ:PEGI). Orinda Asset Management Limited Liability Corporation reported 65,415 shares.

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Riverstone Holdings Llc, which manages about $23.60B and $2.85 billion US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 444,558 shares to 24.33 million shares, valued at $406.76 million in 2017Q3, according to the filing. The stock of Baidu, Inc. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 67% are positive. Pattern Energy had 35 analyst reports since July 24, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of PEGI in report on Wednesday, December 6 to "Buy" rating. As per Thursday, October 29, the company rating was upgraded by Bank of America. Pattern Energy Group's dividend payout ratio (DPR) is now 4,225.00%. BMO Capital Markets cut their target price on Pattern Energy Group from $28.50 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 10th. As per Monday, June 19, the company rating was maintained by Desjardins Securities. The company was maintained on Friday, July 21 by RBC Capital Markets. The company was maintained on Friday, June 9 by RBC Capital Markets. BMO Capital Markets maintained it with "Buy" rating and $2600 target in Monday, June 19 report. On Friday, December 16 the stock rating was downgraded by JP Morgan to "Neutral".

Since August 3, 2017, it had 0 buys, and 4 insider sales for $3.45 million activity. BARKER PETER K sold $229,510 worth of stock.

Investors sentiment increased to 1.66 in Q3 2017. Its up 0.14, from 0.96 in 2017Q2. It dived, as 34 investors sold AVY shares while 167 reduced holdings. 122 funds opened positions while 336 raised stakes. Dowling And Yahnke Limited Liability holds 0.38% in FedEx Corporation (NYSE:FDX) or 16,711 shares. James Invest Research holds 471,559 shares. Richard Bernstein Advisors Limited invested in 0.17% or 25,585 shares. (NASDAQ:PEGI). Mcf Advsrs Ltd Liability holds 0% of its portfolio in Pattern Energy Group Inc. Cibc Mkts Inc invested in 0% or 9,422 shares. California State Teachers Retirement Sys has invested 0.01% in Valley National Bancorp (NYSE:VLY).

Want to see what other hedge funds are holding PEGI? Maier Henry J sold $2.55M worth of stock or 11,150 shares. Matthew 25 Management Corp holds 9.44% in FedEx Corporation (NYSE:FDX) or 150,000 shares. Avalon Lc has 0.06% invested in Valley National Bancorp (NYSE:VLY). (NYSE:MRK) or 3.69 million shares. Employees Retirement Systems Of Texas holds 0.29% or 97,500 shares in its portfolio. (NYSE:LOW) to report earnings on March, 7. They expect $1.25 EPS, up 26.26% or $0.26 from last year's $0.99 per share. BIDU's profit will be $576.40 million for 36.92 P/E if the $1.66 EPS becomes a reality. After $1.05 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts -18.10% negative EPS growth.

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