Just Energy Group, Inc. (NYSE:JE) (TSE:JE)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report released on Friday. They currently have a $10.00 price objective on the utilities provider’s stock. HC Wainwright’s price objective points to a potential upside of 93.42% from the stock’s current price.

JE has been the topic of a number of other reports. FBR & Co reaffirmed a “buy” rating and set a $7.50 price objective on shares of Just Energy Group in a report on Wednesday, June 14th. Canaccord Genuity downgraded Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Wednesday, July 12th. Finally, ValuEngine downgraded Just Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Just Energy Group has a consensus rating of “Buy” and a consensus price target of $8.25.

Shares of Just Energy Group (JE) opened at 5.17 on Friday. The company has a market cap of $760.06 million, a P/E ratio of 2.68 and a beta of 1.05. Just Energy Group has a one year low of $4.83 and a one year high of $6.35. The company has a 50 day moving average price of $5.26 and a 200 day moving average price of $5.69.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings data on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.11. The company had revenue of $715.64 million for the quarter, compared to analyst estimates of $815.35 million. Just Energy Group had a net margin of 2.18% and a negative return on equity of 96.22%. Equities research analysts expect that Just Energy Group will post $0.47 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware increased its position in shares of Just Energy Group by 221.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 306,859 shares of the utilities provider’s stock valued at $2,562,000 after buying an additional 211,489 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Just Energy Group during the first quarter valued at approximately $174,000. Nine Chapters Capital Management LLC acquired a new position in shares of Just Energy Group during the first quarter valued at approximately $177,000. Campbell & CO Investment Adviser LLC increased its position in shares of Just Energy Group by 45.9% in the first quarter. Campbell & CO Investment Adviser LLC now owns 20,103 shares of the utilities provider’s stock valued at $126,000 after buying an additional 6,323 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of Just Energy Group by 82.2% in the first quarter. CIBC World Markets Inc. now owns 281,521 shares of the utilities provider’s stock valued at $1,762,000 after buying an additional 127,039 shares during the last quarter. 29.41% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Just Energy Group (NYSE:JE)

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