TD Securities upgraded shares of Just Energy Group Inc. (NYSE:JE) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The firm currently has $9.50 price target on the stock, up from their previous price target of $8.50.
JE has been the topic of a number of other research reports. FBR & Co restated a buy rating on shares of Just Energy Group in a report on Saturday, September 17th. Zacks Investment Research cut Just Energy Group from a buy rating to a hold rating in a report on Tuesday, September 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $8.63.
Shares of Just Energy Group (NYSE:JE) traded down 0.95% during trading on Wednesday, hitting $5.19. The stock had a trading volume of 48,675 shares. The firm has a 50 day moving average of $5.28 and a 200 day moving average of $5.91. The company has a market capitalization of $766.95 million, a price-to-earnings ratio of 2.48 and a beta of 1.36. Just Energy Group has a 1-year low of $4.86 and a 1-year high of $7.54.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.0961 per share. This represents a $0.38 annualized dividend and a dividend yield of 7.34%. The ex-dividend date was Tuesday, September 13th. Just Energy Group’s dividend payout ratio (DPR) is presently 23.46%.
Several institutional investors have recently added to or reduced their stakes in JE. Credit Agricole S A acquired a new position in Just Energy Group during the first quarter valued at $191,000. Acrospire Investment Management LLC boosted its stake in 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. AJO LP purchased a new stake in Just Energy Group during the second quarter valued at approximately $963,000. Traynor Capital Management Inc. boosted its stake in Just Energy Group by 3.2% in the second quarter. Traynor Capital Management Inc. now owns 31,937 shares of the company’s stock valued at $195,000 after buying an additional 989 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Just Energy Group by 2.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 346,600 shares of the company’s stock valued at $2,717,000 after buying an additional 8,100 shares during the last quarter. Institutional investors and hedge funds own 27.60% of the company’s stock.
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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