Just Energy Group Inc (TSE:JE) (NYSE:JE) – Stock analysts at B. Riley cut their Q4 2019 earnings estimates for shares of Just Energy Group in a research note issued to investors on Monday, April 9th. B. Riley analyst C. Driscoll now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.17.
Just Energy Group (TSE:JE) (NYSE:JE) last announced its earnings results on Wednesday, February 7th. The company reported C$1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.96. The business had revenue of C$912.20 million for the quarter, compared to the consensus estimate of C$987.50 million.
Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity raised shares of Just Energy Group from a “hold” rating to a “buy” rating and set a C$6.25 price target for the company in a research report on Thursday, February 8th. National Bank Financial raised shares of Just Energy Group from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$6.00 to C$6.25 in a research report on Thursday, February 8th. CIBC raised shares of Just Energy Group from a “neutral” rating to an “outperform” rating and reduced their price target for the company from C$7.50 to C$6.50 in a research report on Thursday, February 8th. Finally, Royal Bank of Canada raised shares of Just Energy Group from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$7.50 to C$7.00 in a research report on Monday, December 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$6.50.
Shares of TSE JE opened at C$5.58 on Wednesday. Just Energy Group has a fifty-two week low of C$4.84 and a fifty-two week high of C$8.62.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 29th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 8.96%. The ex-dividend date was Wednesday, March 14th.
In other Just Energy Group news, Director M. Dallas H. Ross purchased 50,000 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were acquired at an average price of C$5.64 per share, for a total transaction of C$282,000.00. Also, insider Ron Joyce sold 167,100 shares of Just Energy Group stock in a transaction on Friday, March 23rd. The stock was sold at an average price of C$5.70, for a total transaction of C$952,470.00. Insiders sold 912,577 shares of company stock worth $5,188,012 in the last 90 days.
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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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