Just Energy Group Inc. (NYSE:JE) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.
Several other research firms have also issued reports on JE. FBR & Co reaffirmed an “outperform” rating and set a $8.00 price target on shares of Just Energy Group in a research report on Thursday, July 7th. Zacks Investment Research lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Just Energy Group currently has an average rating of “Buy” and an average target price of $8.63.
Just Energy Group (NYSE:JE) opened at 4.88 on Wednesday. Just Energy Group has a 12-month low of $4.86 and a 12-month high of $7.54. The company has a market cap of $721.14 million, a P/E ratio of 2.33 and a beta of 1.36. The stock’s 50 day moving average is $5.30 and its 200-day moving average is $5.92.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.0961 dividend. This represents a $0.38 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend was Tuesday, September 13th. Just Energy Group’s payout ratio is presently 23.46%.
Several institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in shares of Just Energy Group during the second quarter valued at $105,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Just Energy Group during the second quarter valued at $124,000. Acrospire Investment Management LLC raised its position in shares of Just Energy Group by 93.0% in the second quarter. Acrospire Investment Management LLC now owns 24,851 shares of the company’s stock valued at $151,000 after buying an additional 11,978 shares during the last quarter. Creative Planning raised its position in shares of Just Energy Group by 5.4% in the second quarter. Creative Planning now owns 26,350 shares of the company’s stock valued at $160,000 after buying an additional 1,350 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Just Energy Group by 662.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,392 shares of the company’s stock valued at $165,000 after buying an additional 23,800 shares during the last quarter. 27.60% of the stock is currently owned by institutional investors.
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.