As Pattern Energy Group INC (PEGI) Stock Value Declined, Rare Infrastructure LTD Has Cut Position by $37.31 Million

Investors sentiment increased to 1.4 in Q1 2019. Its up 0.35, from 1.05 in 2018Q4. It improved, as 23 investors sold PEGI shares while 39 reduced holdings. 31 funds opened positions while 56 raised stakes. 77.28 million shares or 1.55% less from 78.49 million shares in 2018Q4 were reported. Malaga Cove Cap Limited Liability Company owns 54,438 shares or 0.73% of their US portfolio. Symons Cap Mngmt invested 0.16% in Pattern Energy Group Inc. (NASDAQ:PEGI). Manchester Cap Mngmt Ltd Llc reported 1,400 shares or 0% of all its holdings. 15,300 were reported by Trexquant Lp. Alps Advsrs has 78,395 shares. Tealwood Asset Mgmt Inc invested in 0.84% or 89,509 shares. Amalgamated Bancorp stated it has 11,160 shares. Advsr Cap Mngmt Limited Liability Corporation holds 0.8% in Pattern Energy Group Inc. (NASDAQ:PEGI) or 586,395 shares. Sei Invs Communications reported 17,880 shares. Robeco Institutional Asset Mgmt Bv accumulated 0% or 27,486 shares. Us State Bank De holds 0% or 5,066 shares. Great West Life Assurance Can owns 19,348 shares or 0% of their US portfolio. Ameriprise Financial invested in 0% or 18,983 shares. Deutsche Retail Bank Ag accumulated 0% or 85,615 shares. 13,800 are held by Kayne Anderson Cap Advisors L P.

Rare Infrastructure Ltd decreased its stake in Pattern Energy Group Inc (PEGI) by 61.2% based on its latest 2019Q1 regulatory filing with the SEC. Rare Infrastructure Ltd sold 1.70M shares as the company’s stock declined 0.22% . The institutional investor held 1.08 million shares of the central company at the end of 2019Q1, valued at $23.66M, down from 2.77M at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Pattern Energy Group Inc for a number of months, seems to be less bullish one the $2.67 billion market cap company. The stock increased 0.22% or $0.06 during the last trading session, reaching $27.13. About 277,570 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has risen 22.82% since September 10, 2018 and is uptrending. It has outperformed by 22.82% the S&P500.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on November, 4. They expect $0.05 EPS, up 138.46 % or $0.18 from last year’s $-0.13 per share. PEGI’s profit will be $4.91M for 135.65 P/E if the $0.05 EPS becomes a reality. After $-0.07 actual EPS reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts -171.43 % EPS growth.

More notable recent Pattern Energy Group Inc. (NASDAQ:PEGI) news were published by: Fool.com which released: “3 Top Energy Stocks to Buy in September – The Motley Fool” on September 07, 2019, also Finance.Yahoo.com with their article: “Pattern Energy (PEGI) 2018 Earnings and Revenues Up Y/Y – Yahoo Finance” published on March 01, 2019, Seekingalpha.com published: “Pattern Energy Group Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on March 01, 2019. More interesting news about Pattern Energy Group Inc. (NASDAQ:PEGI) were released by: Fool.com and their article: “2 Things to Watch When Pattern Energy Reports Q1 Results – Motley Fool” published on May 08, 2019 as well as Finance.Yahoo.com‘s news article titled: “Pattern Energy (PEGI) Incurs Loss in Q1, Misses Revenues – Yahoo Finance” with publication date: May 10, 2019.

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

Among 3 analysts covering Pattern Energy Group (NASDAQ:PEGI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Pattern Energy Group has $2600 highest and $23.5000 lowest target. $24.83’s average target is -8.48% below currents $27.13 stock price. Pattern Energy Group had 4 analyst reports since March 29, 2019 according to SRatingsIntel. Bank of America maintained it with “Neutral” rating and $23.5000 target in Tuesday, August 13 report. Wells Fargo downgraded the shares of PEGI in report on Wednesday, August 14 to “Market Perform” rating. The firm has “Neutral” rating by JP Morgan given on Tuesday, September 3.

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

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