Just Energy Group Inc (TSE:JE) (NYSE:JE) shares rose 1.3% during mid-day trading on Monday . The company traded as high as C$5.55 and last traded at C$5.34. Approximately 6,982,575 shares were traded during mid-day trading, an increase of 2,049% from the average daily volume of 324,951 shares. The stock had previously closed at C$5.27.

A number of research analysts recently issued reports on the stock. TD Securities downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating and dropped their target price for the company from C$9.50 to C$6.50 in a research report on Friday, November 10th. National Bank Financial dropped their target price on shares of Just Energy Group from C$6.25 to C$6.00 and set a “sector perform” rating on the stock in a research report on Monday, November 27th. Finally, Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$7.50 to C$7.00 in a research report on Monday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$6.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 8.85%. Just Energy Group’s payout ratio is 75.76%.

In other news, insider Morgan Smith bought 10,000 shares of Just Energy Group stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce bought 100,000 shares of Just Energy Group stock in a transaction dated Monday, November 27th. The stock was purchased at an average price of C$5.35 per share, with a total value of C$535,000.00.

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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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