Pattern Energy Group (NASDAQ: PEGI) is one of 99 public companies in the “UTIL-ELEC PWR” industry, but how does it weigh in compared to its competitors? We will compare Pattern Energy Group to similar companies based on the strength of its risk, institutional ownership, analyst recommendations, earnings, dividends, profitability and valuation.
Pattern Energy Group pays an annual dividend of $1.69 per share and has a dividend yield of 9.2%. Pattern Energy Group pays out -845.0% of its earnings in the form of a dividend. As a group, “UTIL-ELEC PWR” companies pay a dividend yield of 3.8% and pay out 92.5% of their earnings in the form of a dividend. Pattern Energy Group is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Insider & Institutional Ownership
96.6% of Pattern Energy Group shares are held by institutional investors. Comparatively, 64.6% of shares of all “UTIL-ELEC PWR” companies are held by institutional investors. 1.6% of Pattern Energy Group shares are held by company insiders. Comparatively, 6.5% of shares of all “UTIL-ELEC PWR” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Valuation & Earnings
This table compares Pattern Energy Group and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Pattern Energy Group||$411.34 million||-$17.90 million||-91.50|
|Pattern Energy Group Competitors||$9.83 billion||$511.36 million||-7.10|
Pattern Energy Group’s competitors have higher revenue and earnings than Pattern Energy Group. Pattern Energy Group is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent ratings and price targets for Pattern Energy Group and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Pattern Energy Group||0||6||8||0||2.57|
|Pattern Energy Group Competitors||706||3656||3044||62||2.33|
Pattern Energy Group presently has a consensus target price of $22.88, suggesting a potential upside of 25.05%. As a group, “UTIL-ELEC PWR” companies have a potential upside of 9.04%. Given Pattern Energy Group’s stronger consensus rating and higher probable upside, analysts clearly believe Pattern Energy Group is more favorable than its competitors.
Risk & Volatility
Pattern Energy Group has a beta of 0.96, indicating that its share price is 4% less volatile than the S&P 500. Comparatively, Pattern Energy Group’s competitors have a beta of 0.15, indicating that their average share price is 85% less volatile than the S&P 500.
This table compares Pattern Energy Group and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Pattern Energy Group||-4.35%||0.34%||0.16%|
|Pattern Energy Group Competitors||2.26%||6.91%||1.25%|
Pattern Energy Group competitors beat Pattern Energy Group on 8 of the 15 factors compared.
Pattern Energy Group Company Profile
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. The Company sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term and fixed-price power purchase agreements (PPAs). The Company’s operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas; Grand, Ontario; Post Rock, Kansas; Lost Creek, Missouri; K2, Ontario; Logan’s Gap, Texas, Amazon Wind Farm Fowler Ridge, Indiana, and Armow Wind power facility in Ontario, Canada.
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