Just Energy Group Inc (JE) to Issue Quarterly Dividend of $0.13 on September 29th
Just Energy Group Inc (TSE:JE) (NYSE:JE) announced a quarterly dividend on Thursday, September 14th, TickerTech reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.125 per share on Friday, September 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date is Thursday, September 14th.
Shares of Just Energy Group (TSE:JE) traded up 0.14% during mid-day trading on Wednesday, hitting $7.10. The company’s stock had a trading volume of 83,596 shares. The stock has a 50-day moving average of $6.90 and a 200-day moving average of $7.44. Just Energy Group has a 12-month low of $6.31 and a 12-month high of $8.62. The company has a market cap of $1.04 billion and a PE ratio of 15.27.
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In related news, insider Ron Joyce sold 94,900 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of C$7.06, for a total value of C$669,994.00. Insiders sold 233,443 shares of company stock valued at $1,638,597 over the last quarter.
Several analysts have recently issued reports on JE shares. TD Securities downgraded Just Energy Group from an “action list buy” rating to a “buy” rating and reduced their price objective for the company from C$11.00 to C$9.50 in a research report on Saturday, May 20th. Royal Bank Of Canada reduced their price objective on Just Energy Group from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, May 19th. HC Wainwright restated a “buy” rating on shares of Just Energy Group in a research report on Friday, May 19th. Canaccord Genuity restated a “buy” rating on shares of Just Energy Group in a research report on Friday, May 19th. Finally, FBR & Co restated an “outperform” rating on shares of Just Energy Group in a research report on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$8.17.
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.
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