Just Energy Group Inc. (JE) Sees Large Volume Increase
Shares of Just Energy Group Inc. (NYSE:JE) saw unusually-high trading volume on Tuesday . Approximately 54,563 shares traded hands during trading, a decline of 26% from the previous session’s volume of 74,225 shares.The stock last traded at $6.18 and had previously closed at $6.18.
A number of equities analysts recently issued reports on JE shares. Zacks Investment Research raised shares of Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Tuesday, May 24th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $8.50 price target on shares of Just Energy Group in a research note on Thursday, May 19th. FBR & Co reissued an “outperform” rating and issued a $8.00 price target on shares of Just Energy Group in a research note on Thursday. Finally, Rodman & Renshaw reissued a “buy” rating and issued a $10.00 price target on shares of Just Energy Group in a research note on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $8.53.
The stock has a 50-day moving average price of $6.27 and a 200-day moving average price of $6.24. The company has a market capitalization of $894.95 million and a P/E ratio of 17.94.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.0963 dividend. The ex-dividend date was Monday, June 13th. This represents a $0.39 dividend on an annualized basis and a yield of 6.28%. This is a boost from Just Energy Group’s previous quarterly dividend of $0.09.
A hedge fund recently raised its stake in Just Energy Group stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Just Energy Group Inc. (NYSE:JE) by 760.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 517,400 shares of the company’s stock after buying an additional 457,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.35% of Just Energy Group worth $5,112,000 as of its most recent filing with the SEC.
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.