TD Asset Management Inc. Raises Position in Just Energy Group, Inc. (JE)

TD Asset Management Inc. boosted its stake in shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,321,834 shares of the utilities provider’s stock after buying an additional 173,500 shares during the period. TD Asset Management Inc.’s holdings in Just Energy Group were worth $27,865,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware increased its stake 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 period. JPMorgan Chase & Co. purchased a new stake in shares of Just Energy Group during the first quarter valued at $174,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Just Energy Group during the first quarter valued at $177,000. Campbell & CO Investment Adviser LLC increased its stake 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 period. Finally, CIBC World Markets Inc. increased its stake 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 period. Institutional investors own 29.41% of the company’s stock.

Shares of Just Energy Group, Inc. (NYSE JE) opened at 5.17 on Friday. Just Energy Group, Inc. has a 1-year low of $4.83 and a 1-year high of $6.35. The stock’s 50 day moving average is $5.26 and its 200 day moving average is $5.69. The firm has a market capitalization of $760.06 million, a P/E ratio of 2.68 and a beta of 1.05.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Wednesday, May 17th. The utilities provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.11. The company had revenue of $715.64 million during the quarter, compared to analysts’ expectations of $815.35 million. Just Energy Group had a net margin of 2.18% and a negative return on equity of 96.22%. Equities analysts predict that Just Energy Group, Inc. will post $0.47 earnings per share for the current year.

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Several equities research analysts have weighed in on the stock. Canaccord Genuity downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Zacks Investment Research downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. FBR & Co set a $8.00 target price on shares of Just Energy Group and gave the company a “buy” rating in a research note on Saturday, May 20th. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Just Energy Group in a research note on Wednesday, May 24th. Finally, ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Just Energy Group currently has a consensus rating of “Buy” and an average price target of $8.25.

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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Institutional Ownership by Quarter for Just Energy Group (NYSE:JE)

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