Just Energy Group, Inc. (JE) Cut to Hold at ValuEngine
ValuEngine downgraded shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) from a buy rating to a hold rating in a research note issued to investors on Friday.
Several other research analysts also recently commented on JE. Zacks Investment Research downgraded Just Energy Group from a buy rating to a hold rating in a research note on Thursday, July 20th. HC Wainwright set a $10.00 price objective on Just Energy Group and gave the stock a buy rating in a research note on Friday, August 11th. BidaskClub raised Just Energy Group from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Canaccord Genuity reaffirmed a hold rating and issued a $7.25 price objective on shares of Just Energy Group in a research note on Monday, October 16th. Finally, TD Securities downgraded Just Energy Group from a buy rating to a hold rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Just Energy Group presently has an average rating of Hold and a consensus price target of $7.63.
Just Energy Group (NYSE JE) traded down $0.33 during mid-day trading on Friday, reaching $4.68. The company’s stock had a trading volume of 540,100 shares, compared to its average volume of 152,034. The company has a debt-to-equity ratio of -7.46, a quick ratio of 1.12 and a current ratio of 1.16. Just Energy Group has a 52 week low of $4.64 and a 52 week high of $6.35. The company has a market capitalization of $687.27, a P/E ratio of 4.46 and a beta of 1.02.
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Institutional investors and hedge funds have recently modified their holdings of the stock. Sii Investments Inc. WI bought a new stake in Just Energy Group during the 3rd quarter valued at approximately $113,000. Citadel Advisors LLC raised its stake in Just Energy Group by 29.3% during the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 4,994 shares during the period. Parametric Portfolio Associates LLC bought a new stake in Just Energy Group during the 1st quarter valued at approximately $166,000. JPMorgan Chase & Co. bought a new stake in Just Energy Group during the 1st quarter valued at approximately $174,000. Finally, Virtu KCG Holdings LLC bought a new stake in Just Energy Group during the 2nd quarter valued at approximately $146,000. 28.66% of the stock is currently owned by institutional investors.
About Just Energy Group
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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