Just Energy Group Inc (NYSE:JE) (TSE:JE) has earned an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.00.
JE has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Just Energy Group in a research note on Thursday. They set a “buy” rating and a $6.00 price target for the company. Zacks Investment Research upgraded shares of Just Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. ValuEngine upgraded shares of Just Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Royal Bank of Canada lowered shares of Just Energy Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 12th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Just Energy Group by 73.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock worth $33,000 after buying an additional 4,289 shares during the period. First Allied Advisory Services Inc. bought a new position in Just Energy Group in the 4th quarter worth approximately $42,000. Dfpg Investments Inc. bought a new position in Just Energy Group in the 4th quarter worth approximately $43,000. Roosevelt Investment Group Inc. bought a new position in Just Energy Group in the 4th quarter valued at $53,000. Finally, Pensionmark Financial Group LLC bought a new position in Just Energy Group in the 4th quarter valued at $69,000. 28.21% of the stock is owned by institutional investors.
Just Energy Group (NYSE:JE) (TSE:JE) last posted its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $731.50 million during the quarter, compared to analysts’ expectations of $740.75 million. Just Energy Group had a net margin of 6.19% and a return on equity of 68.59%. Equities analysts forecast that Just Energy Group will post 0.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.0941 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 10.58%. This is a positive change from Just Energy Group’s previous quarterly dividend of $0.09. Just Energy Group’s dividend payout ratio (DPR) is presently 32.20%.
About Just Energy Group
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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