Just Energy Group Inc. (JE) Sees Large Volume Increase
Just Energy Group Inc. (NYSE:JE) saw unusually-strong trading volume on Monday . Approximately 404,604 shares traded hands during trading, an increase of 317% from the previous session’s volume of 96,915 shares.The stock last traded at $6.07 and had previously closed at $6.08.
Several analysts have commented on JE shares. FBR & Co reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Just Energy Group in a research note on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $8.00 price objective (up from $7.00) on shares of Just Energy Group in a research note on Thursday, March 31st. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, May 24th. Finally, Rodman & Renshaw reaffirmed a “buy” rating and set a $10.00 price objective on shares of Just Energy Group in a research note on Monday, May 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $8.53.
The firm has a market capitalization of $892.01 million and a price-to-earnings ratio of 17.93. The stock has a 50-day moving average price of $6.28 and a 200 day moving average price of $6.22.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.0963 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend was Monday, June 13th. This is an increase from Just Energy Group’s previous quarterly dividend of $0.09.
An institutional investor recently bought a new position in Just Energy Group stock. EAM Investors LLC acquired a new position in Just Energy Group Inc. (NYSE:JE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 216,932 shares of the company’s stock, valued at approximately $1,543,000. EAM Investors LLC owned about 0.15% of Just Energy Group at the end of the most recent quarter.
Just Energy Group Inc (Just Energy) is a Canada-based 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 and home energy management services, including long-term fixed-price, variable-priced, and flat-bill programs, smart thermostats and residential solar panel installations.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.