Patten & Patten Cut Pfizer (PFE) Stake; Pattern Energy Group Inc. (PEGI) Covered By 11 Bullish Analysts Last Week

January 21, 2018 - By Dolores Ford

Patten & Patten Inc decreased Pfizer (PFE) stake by 5.81% reported in 2017Q3 SEC filing. Patten & Patten Inc sold 9,610 shares as Pfizer (PFE)’s stock declined 3.45%. The Patten & Patten Inc holds 155,865 shares with $5.56M value, down from 165,475 last quarter. Pfizer now has $220.19B valuation. The stock decreased 0.14% or $0.05 during the last trading session, reaching $36.94. About 29.54 million shares traded or 85.78% up from the average. Pfizer Inc. (NYSE:PFE) has declined 2.76% since January 21, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.

Among 15 analysts covering Pattern Energy (NASDAQ:PEGI), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Pattern Energy had 35 analyst reports since July 24, 2015 according to SRatingsIntel. Desjardins Securities maintained Pattern Energy Group Inc. (NASDAQ:PEGI) on Wednesday, August 2 with “Buy” rating. The rating was downgraded by JP Morgan on Friday, December 16 to “Neutral”. As per Friday, November 10, the company rating was maintained by BMO Capital Markets. UBS initiated it with “Neutral” rating and $24 target in Tuesday, September 27 report. The firm has “Buy” rating by BMO Capital Markets given on Monday, July 31. The company was upgraded on Wednesday, November 18 by National Bank Canada. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) earned “Buy” rating by Desjardins Securities on Monday, June 19. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) has “Outperform” rating given on Friday, July 24 by Avondale. The rating was maintained by Wells Fargo with “Outperform” on Friday, November 10. The rating was initiated by JP Morgan on Friday, September 11 with “Overweight”. See Pattern Energy Group Inc. (NASDAQ:PEGI) latest ratings:

12/12/2017 Broker: Morgan Stanley Rating: Hold New Target: $25.0 Downgrade
06/12/2017 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Old Target: $21 Upgrade
10/11/2017 Broker: Bank of America Rating: Underperform Old Target: $21 New Target: $19 Maintain
10/11/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $28.5 New Target: $28 Maintain
10/11/2017 Broker: Wells Fargo Rating: Outperform Old Target: $27 New Target: $25 Maintain
27/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $25.0 Maintain
24/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $25.0 Maintain
08/09/2017 Broker: BMO Capital Markets Rating: Buy New Target: $28.5 Maintain
22/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $25.0 Maintain
02/08/2017 Broker: Desjardins Securities Rating: Buy New Target: $26.0000 Maintain

Patten & Patten Inc increased Powershares S&P 500 Low Volati (SPLV) stake by 11,393 shares to 17,849 valued at $817,000 in 2017Q3. It also upped Paypal Holdings Inc. stake by 8,047 shares and now owns 164,761 shares. Citigroup Inc. (NYSE:C) was raised too.

Analysts await Pfizer Inc. (NYSE:PFE) to report earnings on January, 30. They expect $0.56 EPS, up 19.15% or $0.09 from last year’s $0.47 per share. PFE’s profit will be $3.34 billion for 16.49 P/E if the $0.56 EPS becomes a reality. After $0.67 actual EPS reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts -16.42% negative EPS growth.

Since August 4, 2017, it had 0 buys, and 10 insider sales for $16.36 million activity. On Friday, December 15 MACKENZIE ALEXANDER R sold $249,750 worth of Pfizer Inc. (NYSE:PFE) or 6,750 shares. OLSON LAURIE J sold $263,693 worth of stock or 8,064 shares. SUSMAN SALLY sold $1.34M worth of Pfizer Inc. (NYSE:PFE) on Tuesday, September 12. $3.21 million worth of Pfizer Inc. (NYSE:PFE) was sold by DAMELIO FRANK A. 96,950 shares valued at $3.30M were sold by READ IAN C on Friday, August 4. JOHNSON RADY A also sold $296,560 worth of Pfizer Inc. (NYSE:PFE) shares.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.02, from 0.94 in 2017Q2. It is positive, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Brick And Kyle Associates invested in 0.32% or 11,005 shares. Glenview Bancshares Dept stated it has 85,678 shares or 1.49% of all its holdings. Van Cleef Asset Managementinc has invested 0.9% in Pfizer Inc. (NYSE:PFE). New York-based Adirondack Tru has invested 0.61% in Pfizer Inc. (NYSE:PFE). Acg Wealth reported 23,751 shares. State Treasurer State Of Michigan invested 0.7% of its portfolio in Pfizer Inc. (NYSE:PFE). Wright Investors Service Inc has 0.82% invested in Pfizer Inc. (NYSE:PFE). Halsey Assocs Ct, a Connecticut-based fund reported 27,772 shares. Chesley Taft Lc holds 0.7% of its portfolio in Pfizer Inc. (NYSE:PFE) for 225,539 shares. Tarbox Family Office Inc invested in 0.57% or 36,647 shares. Colony Group Llc stated it has 21,535 shares or 0.05% of all its holdings. Apriem Advsr holds 188,621 shares. Swedbank reported 0.81% in Pfizer Inc. (NYSE:PFE). Edge Wealth Management Lc holds 3.62% or 336,415 shares. Opus Gru Ltd Limited Liability Company reported 21,048 shares.

Among 21 analysts covering Pfizer (NYSE:PFE), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. Pfizer had 68 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Pfizer Inc. (NYSE:PFE) has “Overweight” rating given on Friday, August 28 by Piper Jaffray. The firm has “Overweight” rating by Piper Jaffray given on Saturday, September 5. The company was initiated on Wednesday, April 6 by Societe Generale. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, December 1. The stock of Pfizer Inc. (NYSE:PFE) has “Buy” rating given on Tuesday, October 31 by Piper Jaffray. UBS maintained it with “Buy” rating and $38.0 target in Wednesday, November 1 report. On Wednesday, September 20 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was maintained by Credit Suisse with “Outperform” on Monday, May 9. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, November 2. The stock of Pfizer Inc. (NYSE:PFE) earned “Hold” rating by BMO Capital Markets on Friday, April 28.

Since August 1, 2017, it had 0 buys, and 7 selling transactions for $253,826 activity. Elkort Daniel M. also sold $98,716 worth of Pattern Energy Group Inc. (NASDAQ:PEGI) shares. Pedersen Esben W. sold 2,400 shares worth $57,574. Shugart Christopher M. sold $12,550 worth of stock.

Pattern Energy Group Inc. operates as an independent power firm that owns and operates power projects in the United States, Canada, and Chile. The company has market cap of $2.10 billion. As of March 1, 2017, the firm had a portfolio of 18 wind power projects with a total owned capacity of 2,644 MW. It has a 668.12 P/E ratio. It sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets.

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