Just Energy Group’s (JE) Buy Rating Reiterated at HC Wainwright
HC Wainwright reiterated their buy rating on shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) in a report published on Friday morning. HC Wainwright currently has a $10.00 target price on the utilities provider’s stock.
A number of other brokerages have also commented on JE. Canaccord Genuity reissued a hold rating and set a $7.25 price target on shares of Just Energy Group in a research note on Monday, October 16th. Zacks Investment Research lowered Just Energy Group from a strong-buy rating to a hold rating in a research note on Wednesday, October 11th. BidaskClub raised Just Energy Group from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Finally, ValuEngine raised Just Energy Group from a hold rating to a buy rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $7.63.
Shares of Just Energy Group (NYSE:JE) traded down $0.33 during mid-day trading on Friday, hitting $4.68. The stock had a trading volume of 540,100 shares, compared to its average volume of 152,034. Just Energy Group has a 12-month low of $4.64 and a 12-month high of $6.35. The firm has a market capitalization of $687.27, a price-to-earnings ratio of 4.46 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of -7.46.
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Institutional investors have recently bought and sold shares of the stock. Sii Investments Inc. WI acquired a new position in shares of Just Energy Group in the third quarter worth approximately $113,000. Citadel Advisors LLC lifted its stake in shares of 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. Parametric Portfolio Associates LLC acquired a new position in shares of Just Energy Group in the first quarter worth approximately $166,000. JPMorgan Chase & Co. acquired a new position in shares of Just Energy Group in the first quarter worth approximately $174,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Just Energy Group in the second quarter worth 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.
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