TD Asset Management Inc. cut its position in Just Energy Group Inc. (NYSE:JE) (TSE:JE) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,305,489 shares of the company’s stock after selling 64,700 shares during the period. TD Asset Management Inc.’s holdings in Just Energy Group were worth $26,845,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Just Energy Group by 9.4% in the third quarter. Bank of Montreal Can now owns 4,919,795 shares of the company’s stock worth $24,944,000 after buying an additional 424,255 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Royal Bank of Canada increased its position in shares of Just Energy Group by 11.0% in the second quarter. Royal Bank of Canada now owns 1,627,587 shares of the company’s stock worth $9,895,000 after buying an additional 161,534 shares in the last quarter. AGF Investments Inc. increased its position in shares of Just Energy Group by 35.5% in the third quarter. AGF Investments Inc. now owns 1,281,838 shares of the company’s stock worth $6,494,000 after buying an additional 335,986 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of Just Energy Group by 101.8% in the second quarter. CIBC World Markets Inc. now owns 636,956 shares of the company’s stock worth $3,873,000 after buying an additional 321,290 shares in the last quarter. 28.20% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Just Energy Group (NYSE:JE)

Shares of Just Energy Group Inc. (NYSE:JE) traded up 0.73% during trading on Wednesday, reaching $5.53. 26,775 shares of the company traded hands. The company has a market capitalization of $817.29 million, a price-to-earnings ratio of 3.48 and a beta of 1.32. The stock’s 50 day moving average is $5.24 and its 200 day moving average is $5.71. Just Energy Group Inc. has a 1-year low of $4.86 and a 1-year high of $7.38.

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A number of equities analysts have commented on the stock. TD Securities upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.50 to $9.50 in a report on Wednesday, October 12th. Zacks Investment Research upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Wednesday, October 12th. FBR & Co restated a “buy” rating on shares of Just Energy Group in a report on Saturday, September 17th. Canaccord Genuity assumed coverage on shares of Just Energy Group in a report on Monday, November 14th. They set a “buy” rating on the stock. Finally, RBC Capital Markets restated a “sector perform” rating and set a $8.00 price objective (down previously from $8.50) on shares of Just Energy Group in a report on Friday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $8.54.

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.

5 Day Chart for NYSE:JE

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