Just Energy Group Inc. (JE) Upgraded at TD Securities
TD Securities upgraded shares of Just Energy Group Inc. (NYSE:JE) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $9.50 price objective on the stock, up from their prior price objective of $8.50.
Several other equities research analysts have also weighed in on JE. FBR & Co reiterated an outperform rating and issued a $8.00 price objective on shares of Just Energy Group in a research note on Thursday, July 7th. Zacks Investment Research downgraded Just Energy Group from a buy rating to a hold rating in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $8.63.
Just Energy Group (NYSE:JE) opened at 5.37 on Wednesday. The company has a 50 day moving average price of $5.26 and a 200-day moving average price of $5.90. Just Energy Group has a one year low of $4.86 and a one year high of $7.54. The firm has a market capitalization of $793.55 million, a PE ratio of 2.57 and a beta of 1.36.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.0961 dividend. This represents a $0.38 annualized dividend and a dividend yield of 7.16%. The ex-dividend date was Tuesday, September 13th. Just Energy Group’s payout ratio is currently 23.46%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Agricole S A acquired a new position in shares of Just Energy Group during the first quarter valued at approximately $191,000. UBS Group AG increased its position in Just Energy Group by 21.4% in the first quarter. UBS Group AG now owns 176,826 shares of the company’s stock valued at $1,051,000 after buying an additional 31,144 shares in the last quarter. Creative Planning increased its position in Just Energy Group by 5.4% in the second quarter. Creative Planning now owns 26,350 shares of the company’s stock valued at $160,000 after buying an additional 1,350 shares in the last quarter. CIBC World Markets Inc. increased its position in Just Energy Group by 101.8% in the second quarter. CIBC World Markets Inc. now owns 636,956 shares of the company’s stock valued at $3,873,000 after buying an additional 321,290 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Just Energy Group during the second quarter valued at about $27,333,000. 27.60% of the stock is currently owned by institutional investors and hedge funds.
About Just Energy Group
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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