Just Energy Group Inc. (JE) Trading Down 0.8%
Just Energy Group Inc. (NYSE:JE) dropped 0.8% during trading on Tuesday . The stock traded as low as $5.97 and last traded at $6.01, with a volume of 226,823 shares traded. The stock had previously closed at $6.06.
JE has been the topic of several research analyst reports. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, May 24th. Rodman & Renshaw reiterated a “buy” rating and issued a $10.00 price target on shares of Just Energy Group in a report on Monday, May 23rd. FBR & Co reiterated a “buy” rating and issued a $8.00 price target on shares of Just Energy Group in a report on Sunday, May 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $8.00 price target (up from $7.00) on shares of Just Energy Group in a report on Thursday, March 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Just Energy Group has a consensus rating of “Buy” and an average target price of $8.53.
The stock has a market cap of $884.65 million and a P/E ratio of 17.78. The company’s 50 day moving average is $6.28 and its 200 day moving average is $6.21.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.0963 dividend. The ex-dividend date was Monday, June 13th. This represents a $0.39 dividend on an annualized basis and a yield of 6.36%. This is an increase from Just Energy Group’s previous quarterly dividend of $0.09.
A hedge fund recently raised its stake in Just Energy Group stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Just Energy Group Inc. (NYSE:JE) by 760.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 517,400 shares of the company’s stock after buying an additional 457,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.35% of Just Energy Group worth $5,112,000 as of its most recent SEC filing.
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.
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