Analysts Set Just Energy Group, Inc. (JE) PT at $7.45
Shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) have been given an average rating of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.45.
A number of brokerages recently commented on JE. HC Wainwright set a $10.00 target price on Just Energy Group and gave the stock a “buy” rating in a report on Friday, August 11th. ValuEngine cut Just Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley set a $6.25 target price on Just Energy Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. decreased their target price on Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $7.25 target price on shares of Just Energy Group in a report on Monday, October 16th.
A number of large investors have recently bought and sold shares of the business. TD Asset Management Inc. raised its holdings in Just Energy Group by 2.0% during the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after acquiring an additional 107,600 shares during the period. Acadian Asset Management LLC raised its holdings in Just Energy Group by 7.1% during the second quarter. Acadian Asset Management LLC now owns 3,714,007 shares of the utilities provider’s stock valued at $19,447,000 after acquiring an additional 246,280 shares during the period. Vanguard Group Inc. raised its holdings in Just Energy Group by 2.9% during the first quarter. Vanguard Group Inc. now owns 2,559,218 shares of the utilities provider’s stock valued at $16,020,000 after acquiring an additional 72,823 shares during the period. Intact Investment Management Inc. raised its holdings in Just Energy Group by 7.1% during the second quarter. Intact Investment Management Inc. now owns 2,363,943 shares of the utilities provider’s stock valued at $16,050,000 after acquiring an additional 157,100 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Just Energy Group during the second quarter valued at about $4,414,000. 29.12% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Just Energy Group (NYSE JE) traded up $0.01 during trading on Monday, reaching $4.44. The company had a trading volume of 150,500 shares, compared to its average volume of 152,596. Just Energy Group has a one year low of $4.41 and a one year high of $6.35. The company has a market cap of $650.56, a PE ratio of 4.22 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of -7.46.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.0982 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.39 dividend on an annualized basis and a yield of 8.84%. Just Energy Group’s dividend payout ratio is currently 53.33%.
Just Energy Group Company Profile
Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.
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