Rare Infrastructure LTD Lowered Stake in Pattern Energy Group INC (PEGI) by $13.97 Million as Shares Declined

Investors sentiment increased to 1.47 in Q2 2019. Its up 0.07, from 1.4 in 2019Q1. It is positive, as 22 investors sold PEGI shares while 37 reduced holdings. 29 funds opened positions while 58 raised stakes. 77.41 million shares or 0.17% more from 77.28 million shares in 2019Q1 were reported. Ent Svcs holds 0% in Pattern Energy Group Inc. (NASDAQ:PEGI) or 56 shares. Robecosam Ag holds 1.04% or 1.08M shares. Raymond James And Associate holds 0.01% or 175,608 shares in its portfolio. Sg Americas Secs Limited Liability Com accumulated 4,790 shares or 0% of the stock. Da Davidson And has 0.01% invested in Pattern Energy Group Inc. (NASDAQ:PEGI). California State Teachers Retirement Systems invested 0.01% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Swiss Financial Bank reported 0% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Allsquare Wealth Ltd Liability Company holds 0.05% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI) for 2,900 shares. Moreover, Renaissance Technologies Ltd Liability Corporation has 0% invested in Pattern Energy Group Inc. (NASDAQ:PEGI). Hightower Advisors Lc accumulated 21,872 shares. Credit Suisse Ag holds 72,061 shares or 0% of its portfolio. State Street Corporation reported 0% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Scotia Incorporated invested in 74,479 shares or 0.02% of the stock. Cushing Asset Limited Partnership stated it has 195,933 shares or 0.17% of all its holdings. Geode Lc reported 0.01% in Pattern Energy Group Inc. (NASDAQ:PEGI).

Rare Infrastructure Ltd decreased its stake in Pattern Energy Group Inc (PEGI) by 56.47% based on its latest 2019Q2 regulatory filing with the SEC. Rare Infrastructure Ltd sold 607,226 shares as the company’s stock declined 0.22% . The institutional investor held 468,152 shares of the central company at the end of 2019Q2, valued at $10.81 million, down from 1.08M 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 decreased 1.40% or $0.39 during the last trading session, reaching $27.2. About 468,240 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has risen 22.82% since September 13, 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 136.00 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: “Is Pattern Energy Group Inc. a Buy? – The Motley Fool” on October 15, 2018, also Seekingalpha.com with their article: “Creating Clarity From Confusion: Pattern Energy’s CAFD – Seeking Alpha” published on February 08, 2019, Nasdaq.com published: “Analysts Estimate Pattern Energy (PEGI) to Report a Decline in Earnings: What to Look Out for – Nasdaq” on July 30, 2019. More interesting news about Pattern Energy Group Inc. (NASDAQ:PEGI) were released by: Nasdaq.com and their article: “Notable Tuesday Option Activity: FB, PEGI, NR – Nasdaq” published on August 13, 2019 as well as Nasdaq.com‘s news article titled: “Pattern Energy (PEGI) Expected to Beat Earnings Estimates: Should You Buy? – Nasdaq” with publication date: May 03, 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 -8.71% below currents $27.2 stock price. Pattern Energy Group had 4 analyst reports since March 29, 2019 according to SRatingsIntel. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) earned “Neutral” rating by JP Morgan on Tuesday, September 3. The firm has “Neutral” rating given on Tuesday, August 13 by Bank of America. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, August 14.

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

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