PineBridge Investments L.P. Has $283,000 Position in Just Energy Group Inc. (JE)
PineBridge Investments L.P. reduced its position in shares of Just Energy Group Inc. (NYSE:JE) by 75.9% during the second quarter, Holdings Channel reports. The fund owned 36,103 shares of the company’s stock after selling 113,931 shares during the period. PineBridge Investments L.P.’s holdings in Just Energy Group were worth $283,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Just Energy Group during the second quarter worth $124,000. Vanguard Group Inc. increased its position in Just Energy Group by 14.5% in the second quarter. Vanguard Group Inc. now owns 2,336,516 shares of the company’s stock worth $14,205,000 after buying an additional 296,430 shares during the period. AJO LP bought a new position in Just Energy Group during the second quarter worth approximately $963,000. Acrospire Investment Management LLC increased its position in Just Energy Group by 93.0% in the second quarter. Acrospire Investment Management LLC now owns 24,851 shares of the company’s stock worth $151,000 after buying an additional 11,978 shares during the period. Finally, Mckinley Capital Management LLC Delaware bought a new position in Just Energy Group during the second quarter worth approximately $1,162,000. Institutional investors and hedge funds own 27.60% of the company’s stock.
Just Energy Group Inc. (NYSE:JE) opened at 5.32 on Thursday. The stock has a market capitalization of $786.16 million, a P/E ratio of 2.53 and a beta of 1.35. Just Energy Group Inc. has a 12 month low of $5.03 and a 12 month high of $7.54. The firm’s 50-day moving average is $5.60 and its 200 day moving average is $6.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.0961 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.23%. Just Energy Group’s payout ratio is currently 23.46%.
A number of research firms recently commented on JE. FBR & Co reaffirmed a “buy” rating on shares of Just Energy Group in a research report on Saturday, September 17th. Zacks Investment Research downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, TD Securities reaffirmed a “hold” rating and issued a $8.50 target price 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 issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.61.
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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