Just Energy Group Inc. (JE) Shares Up 3.9%
Just Energy Group Inc. (NYSE:JE) shares shot up 3.9% on Tuesday . The stock traded as high as $5.40 and last traded at $5.39, with a volume of 65,488 shares changing hands. The stock had previously closed at $5.19.
A number of brokerages have recently commented on JE. FBR & Co reissued a “buy” rating on shares of Just Energy Group in a research report on Saturday, September 17th. Zacks Investment Research lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, TD Securities reissued a “hold” rating and issued a $8.50 price objective on shares of Just Energy Group in a research report on Saturday, August 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.61.
The stock has a 50 day moving average of $5.60 and a 200-day moving average of $6.01. The stock has a market cap of $786.16 million, a PE ratio of 2.53 and a beta of 1.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.0961 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.38 annualized dividend and a yield of 7.23%. Just Energy Group’s payout ratio is 23.46%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A purchased a new position in Just Energy Group during the first quarter valued at about $191,000. Acrospire Investment Management LLC increased its stake in shares of Just Energy Group by 93.0% in the second quarter. Acrospire Investment Management LLC now owns 24,851 shares of the company’s stock valued at $151,000 after buying an additional 11,978 shares during the period. AJO LP bought a new stake in shares of Just Energy Group during the second quarter valued at approximately $963,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Just Energy Group by 2.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 346,600 shares of the company’s stock valued at $2,717,000 after buying an additional 8,100 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Just Energy Group by 108.4% in the first quarter. Acadian Asset Management LLC now owns 1,392,810 shares of the company’s stock valued at $8,314,000 after buying an additional 724,600 shares during the period. Hedge funds and other institutional investors own 27.60% of the company’s stock.
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.
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