Just Energy Group Inc. (JE) Sees Strong Trading Volume
Shares of Just Energy Group Inc. (NYSE:JE) saw unusually-high trading volume on Monday . Approximately 165,311 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 161,106 shares.The stock last traded at $6.17 and had previously closed at $6.11.
JE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research report on Tuesday, May 24th. Rodman & Renshaw restated a “buy” rating and set a $10.00 target price on shares of Just Energy Group in a research report on Monday, May 23rd. FBR & Co restated a “buy” rating and set a $8.00 target price on shares of Just Energy Group in a research report on Sunday, May 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $8.00 target price (up previously from $7.00) on shares of Just Energy Group in a research report on Thursday, March 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Just Energy Group currently has a consensus rating of “Buy” and a consensus target price of $8.53.
The firm’s 50 day moving average is $6.26 and its 200 day moving average is $6.18. The stock has a market cap of $914.09 million and a price-to-earnings ratio of 18.32.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.0963 per share. This represents a $0.39 annualized dividend and a dividend yield of 6.20%. This is a positive change from Just Energy Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 13th.
An institutional investor recently bought a new position in Just Energy Group stock. EAM Investors LLC bought a new stake in shares of Just Energy Group Inc. (NYSE:JE) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 216,932 shares of the company’s stock, valued at approximately $1,543,000. EAM Investors LLC owned 0.15% of Just Energy Group 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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