Zacks Investment Research Lowers Pattern Energy Group (PEGI) to Sell

Marco Green
January 14, 2018

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 1.09% or $1.03 during the last trading session, reaching $93.71. About 88,246 shares traded. It has outperformed by 30.83% the S&P500. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/california-state-teachers-retirement-system-has-2-72-million-holdings-in-pattern-energy-group-inc-pegi/1827578.html. Cla (PEGI) by 91.65% based on its latest 2017Q3 regulatory filing with the SEC. Simcoe Capital Management Llc bought 540,372 shares as the company's stock rose 13.25% with the market. The institutional investor held 145,000 shares of the major banks company at the end of 2017Q3, valued at $10.55 million, up from 135,000 at the end of the previous reported quarter. Transamerica Financial Advisors Inc who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $77.76 billion market cap company. The stock increased 0.56% or $0.12 during the last trading session, reaching $21.46. About 457,697 shares traded. Zacks' sales averages are a mean average based on a survey of sell-side analysts that cover Pattern Energy Group. (NASDAQ:PEGI) has risen 6.74% since January 10, 2017 and is uptrending. It has underperformed by 9.96% the S&P500.

Lipe & Dalton, which manages about $260.93 million and $142.25M US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 6,735 shares to 65,515 shares, valued at $3.40 million in 2017Q3, according to the filing. Vanguard Group Inc. boosted its stake in shares of Pattern Energy Group by 4.8% in the second quarter. The firm is scheduled to issue its next quarterly earnings results on Wednesday, March 7th. They expect $0.08 EPS, up 60.00% or $0.03 from last year's $0.05 per share. ACCO's profit will be $46.90M for 6.95 P/E if the $0.44 EPS becomes a reality. CI Investments Inc. boosted its stake in shares of Pattern Energy Group by 1.2% in the second quarter.

Since August 1, 2017, it had 0 insider buys, and 7 selling transactions for $253,826 activity. 4,100 shares were sold by Elkort Daniel M., worth $98,716 on Monday, August 14. New York State Common Retirement Fund owned about 0.09% of Pattern Energy Group worth $1,568,000 at the end of the most recent quarter. The insider Pedersen Esben W. sold $30,216. (NYSE:MRK), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Caterpillar Inc. had 102 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, September 8 with "Buy". The stock of ACCO Brands Corporation (NYSE:ACCO) has "Outperform" rating given on Friday, April 29 by Barrington Research. Sandler O'Neill upgraded the shares of VLY in report on Friday, January 29 to "Buy" rating. (NASDAQ:PEGI). Sg Americas Secs Llc invested 0.02% of its portfolio in Pattern Energy Group Inc.

Shares of Pattern Energy Group Inc (NASDAQ:PEGI) opened at $21.50 on Friday. Goldman Sachs Group upgraded Pattern Energy Group from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Tuesday, December 5th. (NYSE:MRK) has "Buy" rating given on Friday, July 28 by Piper Jaffray. BMO Capital Markets maintained the stock with "Outperform" rating in Tuesday, August 11 report. The company was maintained on Tuesday, August 11 by BMO Capital Markets. The stock has a consensus rating of "Buy" and an average target price of $25.61.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.50, from 1.54 in 2017Q2. It dived, as 16 investors sold PEGI shares while 57 reduced holdings. Capital Finance Advisers holds 0.16% or 155,969 shares in its portfolio. Parametrica Management Ltd reported 2,108 shares. Moreover, Capital Advisors Ok has 0.8% invested in Pattern Energy Group Inc. (NASDAQ:PEGI). National Tx accumulated 70,225 shares. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. Sei stated it has 1.69 million shares. Avenir invested 0.21% in Pattern Energy Group Inc. Prelude Capital Ltd Liability Company owns 1,902 shares or 0.03% of their United States portfolio. (NASDAQ:PEGI) for 5,600 shares. Brookfield Asset Management reported 3.29M shares or 0.37% of all its holdings. New York State Common Retirement Fund now owns 83,338 shares of the utilities provider's stock worth $1,987,000 after purchasing an additional 13,637 shares during the period. Gam Hldgs Ag reported 48,000 shares. US Bancorp DE boosted its position in shares of Pattern Energy Group by 34.8% during the 2nd quarter. (NASDAQ:PEGI) for 110,769 shares.

Since August 2, 2017, it had 0 insider buys, and 2 insider sales for $531,665 activity. 58,777 were reported by C World Holdg A S. Robeco Institutional Asset Bv invested in 614,153 shares or 0.71% of the stock. Following the completion of the transaction, the insider now owns 141,011 shares in the company, valued at $3,176,977.83. Robecosam Ag holds 0.28% or 147,000 shares in its portfolio. $304,962 worth of American Express Company (NYSE:AXP) was sold by Zukauckas Linda.

Cambridge Investment Research Advisors Inc decreased Public Svc Enterprise Group (NYSE:PEG) stake by 9,878 shares to 59,762 valued at $2.76 million in 2017Q3. It also reduced its holding in Wec Energy Group Inc by 11,733 shares in the quarter, leaving it with 647 shares, and cut its stake in Mcdonald's Corp (NYSE:MCD).

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