Just Energy Group, Inc. (JE) Receives “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) in a research note issued to investors on Friday morning. HC Wainwright currently has a $10.00 price objective on the utilities provider’s stock.

JE has been the topic of a number of other research reports. Canaccord Genuity reissued a hold rating and set a $7.25 target price on shares of Just Energy Group in a research report on Monday, October 16th. ValuEngine raised shares of Just Energy Group from a hold rating to a buy rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Just Energy Group from a hold rating to a buy rating and set a $5.75 target price on the stock in a research report on Tuesday, August 15th. Finally, BidaskClub raised shares of Just Energy Group from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Just Energy Group presently has an average rating of Hold and an average price target of $7.70.

Just Energy Group (JE) traded down $0.33 during midday trading on Friday, reaching $4.68. 540,100 shares of the company’s stock were exchanged, compared to its average volume of 152,034. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of -7.46. The stock has a market cap of $735.43, a P/E ratio of 4.77 and a beta of 1.02. Just Energy Group has a 1-year low of $4.64 and a 1-year high of $6.35.

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Several institutional investors have recently modified their holdings of the company. Traynor Capital Management Inc. grew its position in shares of Just Energy Group by 1.8% in the 2nd quarter. Traynor Capital Management Inc. now owns 34,203 shares of the utilities provider’s stock worth $182,000 after buying an additional 611 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Just Energy Group by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock worth $447,000 after buying an additional 1,585 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Just Energy Group by 15.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after buying an additional 4,039 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Just Energy Group by 29.3% in the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after buying an additional 4,994 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Just Energy Group by 13.5% in the 2nd quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock worth $314,000 after buying an additional 5,469 shares during the last quarter. 28.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Just Energy Group (NYSE:JE)

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