Just Energy Group (JE) Sees Unusually-High Trading Volume

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Shares of Just Energy Group Inc (NYSE:JE) (TSE:JE) saw unusually-strong trading volume on Thursday . Approximately 1,240,542 shares changed hands during trading, an increase of 326% from the previous session’s volume of 291,292 shares.The stock last traded at $3.77 and had previously closed at $3.41.

A number of equities analysts recently commented on JE shares. National Bank Financial cut Just Energy Group from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 21st. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of Just Energy Group in a report on Friday, September 14th. CIBC cut Just Energy Group from a “sector outperform” rating to a “neutral” rating in a report on Friday, August 10th. TD Securities reiterated a “buy” rating and set a $5.00 price target on shares of Just Energy Group in a report on Thursday. Finally, B. Riley set a $6.00 price target on Just Energy Group and gave the stock a “buy” rating in a report on Sunday, September 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Just Energy Group presently has a consensus rating of “Hold” and an average target price of $5.60.

The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $509.10 million, a P/E ratio of 3.20 and a beta of 0.11.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its quarterly earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $679.25 million for the quarter, compared to the consensus estimate of $708.65 million. Just Energy Group had a return on equity of 1,815.36% and a net margin of 9.98%. Equities analysts expect that Just Energy Group Inc will post 0.28 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of JE. Guggenheim Capital LLC acquired a new stake in Just Energy Group during the first quarter worth approximately $317,000. Cubist Systematic Strategies LLC acquired a new stake in Just Energy Group during the first quarter worth approximately $109,000. Bank of Montreal Can acquired a new stake in Just Energy Group during the second quarter worth approximately $8,479,000. Acadian Asset Management LLC acquired a new stake in Just Energy Group during the second quarter worth approximately $6,252,000. Finally, Intact Investment Management Inc. lifted its position in Just Energy Group by 26.6% during the second quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock worth $6,068,000 after acquiring an additional 269,900 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

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Just Energy Group Company Profile (NYSE:JE)

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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