A portfolio of stocks I've been building since September 3 is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the second of five utilities sector stocks striving to join my Volio folio. This could be the fifteenth pick for Volio!

Now to the utilities sector includes seven industries all geared to delivering water, gas or electricity or all three to us. Utilities industries are: diversified; independent power producers; regulated electric, regulated gas; regulated water; renewable.

My subject today is a mid-cap renewable utility company named, Pattern Energy Group, Inc. Their trading ticker symbol is PEGI. This is my first-ever report on PEGI.

Pattern Energy Group Inc is an independent power company that owns and operates power projects. The company owns a portfolio of wind power projects located in the U.S., Canada, and Chile.

Pattern Energy Group's revenue is primarily generated from the sale of electricity to local utilities under long-term, fixed-price agreements. Most of the company's energy generating facilities are located in the U.S. These American sites are also responsible for the vast majority of its revenue.

Pattern Energy Group has made efforts to expand its capacity through projects utilizing alternative forms of renewable energy in Japan and Mexico.

The Operating Business segment holds interest in 24 renewable energy projects with an operating capacity that totals approximately 4 gigawatts located in the United States, Canada, and Japan.

The company was founded in 2012 and is headquartered in San Francisco, California.

I use three key data points to gauge dividend-paying equities or funds like Pattern Energy Group, Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

PEGI Price

Pattern Energy's price per share closed at $27.23 yesterday. A year ago its price was $21.29. So, in the past year, its price rose $5.94, or almost 28%.

Assuming Pattern Energy's stock trades in a range of $20 to $30 this next year, it's recent $27.23 price could rise by $1.77  to reach $29.00 by early-December, 2020, assuming upward price momentum returns.

PEGI Dividends

Pattern Energy's latest declared quarterly dividend was $0.422  payable January 31st.

That $0.422 Q dividend equates to $1.69 annually and yields 6.20% based on yesterday's $27.23 closing price.

PEGI Gains?

Adding the $1.49 annual estimated dividend to my $1.77 estimate of Pattern Energy's price upside shows a $3.26 potential gross gain, per share, which will be reduced by any costs to trade these shares.

Say, for costs, a little over $1,000.00 today invested in Pattern Energy at its recent $27.23 price, would buy 37 shares of PEGI.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.27 per share.

Subtract that $0.37 brokerage cost from the estimated $3.26 gross estimated gain per share leaves a net gain of $2.89 X 37 shares = $106.93 or a 10.65% net gain on a $1,007.51 investment.

Therefore, Pattern Energy Group, Inc, whose trading ticker symbol is PEGI shows a possible 10.65% net gain including a 6.2% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Pattern Energy Group, Inc, is worth your time and money.