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

Jeannie Matthews
January 14, 2018

Cohen & Steers Inc. now owns 2,365,703 shares of the company's stock valued at $54,340,000 after buying an additional 666,523 shares in the last quarter. The institutional investor held 30,932 shares of the capital goods company at the end of 2017Q3, valued at $3.86 million, down from 39,699 at the end of the previous reported quarter. 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 in the last quarter. About 287,421 shares traded. The company was maintained on Tuesday, June 6 by BMO Capital Markets. NICE Ltd. (NASDAQ:NICE) has risen 16.65% since January 10, 2017 and is uptrending. It has underperformed by 9.96% the S&P500.

Busey Trust Company decreased its stake in Caterpillar (CAT) by 22.08% based on its latest 2017Q3 regulatory filing with the SEC. Insiders have sold 7,700 shares of company stock worth $172,657 over the last ninety days. Shufro Rose & Co Llc who had been investing in Merck & Co Inc for a number of months, seems to be bullish on the $159.87 billion market cap company.

The stock increased 0.87% or $0.1 during the last trading session, reaching $11.64. About 654,991 shares traded. It has outperformed by 37.07% the S&P500. They expect $0.08 EPS, up 60.00% or $0.03 from last year's $0.05 per share. After $0.35 actual EPS reported by ACCO Brands Corporation for the previous quarter, Wall Street now forecasts 25.71% EPS growth.

Investors sentiment increased to 1.66 in Q3 2017. Its the same as in 2017Q2.

Want to see what other hedge funds are holding PEGI? (NASDAQ:PEGI). Kbc Gp Nv holds 0% or 15,074 shares in its portfolio. 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. Ci Incorporated, a Ontario - Canada-based fund reported 2.86M shares. Engineers Gate Manager Ltd Partnership stated it has 153,614 shares or 0.16% of all its holdings. Strs Ohio reported 149,388 shares stake. Hite Hedge Asset Ltd Liability holds 70,000 shares. Riverstone Hldg holds 6.5% or 7.68M shares in its portfolio. Raymond James Advsrs holds 21,478 shares. Narwhal Mgmt owns 75,775 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.03% or 114,089 shares. The rating was reinitiated by Stifel Nicolaus with "Buy" on Tuesday, August 2. HARRIS ISAIAH JR sold 212 shares worth $44,382. Following the transaction, the insider now directly owns 141,011 shares in the company, valued at $3,176,977.83.

Ardsley Advisory Partners, which manages about $862.45 million and $751.91M US Long portfolio, upped its stake in Neurocrine Biosciences Inc (NASDAQ:NBIX) by 92,500 shares to 97,500 shares, valued at $5.98 million in 2017Q3, according to the filing.

Among 13 analysts covering NICE Systems (NASDAQ:NICE), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. CIGNA had 53 analyst reports since July 27, 2015 according to SRatingsIntel.

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Silicon Motion Technology (SIMO) Rating Reiterated by B. Riley
The stock of Silicon Motion Technology Corporation (NASDAQ: SIMO ) earned "Neutral" rating by Nomura on Friday, January 20. It has outperformed by 4.76% the S&P500.The move comes after 7 months negative chart setup for the $1.84 billion company.

A number of equities analysts have recently issued reports on PEGI shares. Oppenheimer has "Buy" rating and $19000 target. Argus Research maintained Lowe's Companies, Inc. The firm has "Outperform" rating by BMO Capital Markets given on Friday, November 10. The rating was upgraded by Zacks on Wednesday, August 5 to "Hold". The firm earned "Buy" rating on Friday, June 9 by RBC Capital Markets. (NYSE:LOW) earned "Outperform" rating by RBC Capital Markets on Thursday, November 19. The company has an average rating of "Buy" and an average target price of $25.61.

Riverstone Holdings Llc decreased its stake in Pattern Energy Group Inc.

PEGI has been the topic of several analyst reports. PEGI's profit will be $7.84 million for 67.59 P/E if the $0.08 EPS becomes a reality. Vanguard Group Inc. raised its holdings in Pattern Energy Group by 0.7% in the second quarter.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.50, from 1.54 in 2017Q2. New York State Common Retirement Fund lifted its position in shares of Pattern Energy Group by 19.6% during the second quarter. Sg Americas Ltd Limited Liability Company reported 73,171 shares. Van Hulzen Asset Management Limited Liability Corporation owns 43,750 shares. Stevens Limited Partnership owns 173,261 shares for 0.08% of their portfolio. Pattern Energy Group Inc. Schwab Charles Invest accumulated 0.01% or 319,594 shares. This is a boost from Pattern Energy Group's previous quarterly dividend of $0.42. (NASDAQ:PEGI). Sg Americas Secs Llc invested 0.02% of its portfolio in Pattern Energy Group Inc. JPMorgan Chase & Co. grew its stake in Pattern Energy Group by 21,212.6% during the second quarter. Trexquant Invest Lp invested in 0.13% or 44,231 shares. US Bancorp DE boosted its position in shares of Pattern Energy Group by 34.8% during the 2nd quarter. Asset Management One owns 9,863 shares. Hbk Sorce Advisory Llc owns 164,823 shares or 0.3% of their U.S. portfolio.

Among 3 analysts covering Acco Brands (NYSE:ACCO), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 65% are positive. Pattern Energy Group's payout ratio is presently 4,225.00%. The firm has "Hold" rating given on Wednesday, July 29 by TheStreet. (NASDAQ:PEGI) earned "Buy" rating by RBC Capital Markets on Friday, October 27. RBC Capital Markets maintained the stock with "Buy" rating in Friday, June 9 report. The rating was maintained by BMO Capital Markets with "Buy" on Monday, July 31. The stock has "Buy" rating by Keefe Bruyette & Woods on Thursday, September 28. The company was downgraded on Monday, October 30 by Barclays Capital. As per Wednesday, December 6, the company rating was upgraded by Goldman Sachs.

Since August 1, 2017, it had 0 insider purchases, and 7 selling transactions for $253,826 activity. $12,550 worth of Pattern Energy Group Inc. Elkort Daniel M. had sold 4,100 shares worth $98,716.

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