Just Energy Group Inc (JE) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group trimmed its holdings in shares of Just Energy Group Inc (NYSE:JE) (TSE:JE) by 34.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,069 shares of the utilities provider’s stock after selling 15,838 shares during the quarter. Schroder Investment Management Group’s holdings in Just Energy Group were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Citadel Advisors LLC grew its position in Just Energy Group by 29.3% in the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 4,994 shares during the period. Virtu KCG Holdings LLC purchased a new position in Just Energy Group in the second quarter worth approximately $146,000. Parametric Portfolio Associates LLC grew its position in Just Energy Group by 15.3% in the second quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 4,039 shares during the period. Shell Asset Management Co. grew its position in Just Energy Group by 217.4% in the third quarter. Shell Asset Management Co. now owns 33,174 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 22,723 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Just Energy Group in the second quarter worth approximately $216,000. Hedge funds and other institutional investors own 29.94% of the company’s stock.
Several brokerages recently weighed in on JE. Royal Bank of Canada upgraded Just Energy Group from a “sector perform” rating to an “outperform” rating in a research report on Monday. ValuEngine raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. lowered their price target 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. B. Riley set a $6.25 price target on Just Energy Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, TD Securities lowered Just Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.0982 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Thursday, December 14th. Just Energy Group’s dividend payout ratio is presently 72.22%.
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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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