ValuEngine upgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a hold rating to a buy rating in a research report released on Friday morning.
Several other analysts have also recently weighed in on the company. dropped their price target on Just Energy Group from $7.50 to $6.25 and set a buy rating for the company in a report on Wednesday, November 15th. B. Riley set a $6.25 price target on Just Energy Group and gave the stock a buy rating in a report on Wednesday, November 15th. TD Securities cut Just Energy Group from a buy rating to a hold rating in a report on Friday, November 10th. HC Wainwright reissued a buy rating and set a $10.00 price target on shares of Just Energy Group in a report on Friday, November 10th. Finally, Canaccord Genuity reissued a hold rating and set a $7.25 price target on shares of Just Energy Group in a report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $7.17.
Shares of Just Energy Group (NYSE JE) opened at $4.26 on Friday. The firm has a market capitalization of $640.28, a P/E ratio of 4.15 and a beta of 0.90. The company has a debt-to-equity ratio of -7.46, a quick ratio of 1.12 and a current ratio of 1.16. Just Energy Group has a fifty-two week low of $4.08 and a fifty-two week high of $6.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.0982 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.39 dividend on an annualized basis and a yield of 9.22%. Just Energy Group’s dividend payout ratio (DPR) is presently 74.07%.
Institutional investors have recently bought and sold shares of the business. Sii Investments Inc. WI bought a new position in Just Energy Group during the 3rd quarter worth $113,000. Citadel Advisors LLC increased its stake in Just Energy Group by 29.3% during the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 4,994 shares during the period. Virtu KCG Holdings LLC bought a new position in Just Energy Group during the 2nd quarter worth $146,000. Cubist Systematic Strategies LLC bought a new position in Just Energy Group during the 3rd quarter worth $153,000. Finally, Parametric Portfolio Associates LLC increased its stake in Just Energy Group by 15.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 4,039 shares during the period. Hedge funds and other institutional investors own 29.96% of the company’s stock.
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Just Energy Group Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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