Zacks Investment Research cut shares of Just Energy Group (NYSE:JE) (TSE:JE) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “

A number of other brokerages also recently commented on JE. HC Wainwright set a $18.00 price objective on shares of Sutro Biopharma and gave the company a buy rating in a research report on Friday, May 17th. National Bank Financial reaffirmed a hold rating on shares of Just Energy Group in a research report on Friday, March 22nd. Canaccord Genuity reaffirmed a hold rating and set a GBX 860 ($11.24) price objective on shares of Galliford Try in a research report on Tuesday, May 21st. B. Riley set a $2.00 price objective on shares of Ascena Retail Group and gave the company a hold rating in a research report on Friday, May 17th. Finally, TheStreet downgraded shares of Weis Markets from a b- rating to a c+ rating in a research report on Wednesday, June 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Just Energy Group presently has an average rating of Hold and an average price target of $5.75.

Just Energy Group stock opened at $4.35 on Tuesday. The stock has a 50 day moving average price of $4.10. The stock has a market capitalization of $647.94 million, a P/E ratio of 36.25 and a beta of 0.94. The company has a debt-to-equity ratio of 22.52, a quick ratio of 1.27 and a current ratio of 1.27. Just Energy Group has a fifty-two week low of $2.80 and a fifty-two week high of $4.41.

Just Energy Group (NYSE:JE) (TSE:JE) last announced its quarterly earnings data on Thursday, May 16th. The utilities provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). Just Energy Group had a negative net margin of 3.21% and a positive return on equity of 47.01%. The company had revenue of $770.37 million for the quarter, compared to analysts’ expectations of $788.43 million. As a group, research analysts predict that Just Energy Group will post 0.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.093 per share. This represents a $0.37 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend was Friday, June 14th. Just Energy Group’s payout ratio is presently 308.33%.

A number of hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in Just Energy Group by 0.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,378,437 shares of the utilities provider’s stock worth $28,410,000 after acquiring an additional 37,557 shares in the last quarter. TD Asset Management Inc. grew its position in Just Energy Group by 5.8% in the first quarter. TD Asset Management Inc. now owns 4,455,040 shares of the utilities provider’s stock worth $15,106,000 after acquiring an additional 245,500 shares in the last quarter. Norges Bank bought a new stake in Just Energy Group in the fourth quarter worth approximately $4,289,000. Toronto Dominion Bank grew its position in Just Energy Group by 38.5% in the first quarter. Toronto Dominion Bank now owns 472,929 shares of the utilities provider’s stock worth $1,603,000 after acquiring an additional 131,420 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Just Energy Group by 801.9% in the fourth quarter. Geode Capital Management LLC now owns 333,961 shares of the utilities provider’s stock worth $1,504,000 after acquiring an additional 296,933 shares in the last quarter. 27.97% of the stock is owned by institutional investors.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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