Just Energy Group Inc. (JE) Stock Price Down 0.8%
Just Energy Group Inc. (NYSE:JE) shares were down 0.8% during mid-day trading on Tuesday . The company traded as low as $5.97 and last traded at $6.01, with a volume of 226,823 shares changing hands. The stock had previously closed at $6.06.
JE has been the topic of a number of research analyst reports. FBR & Co reiterated an “outperform” rating and set a $8.00 target price on shares of Just Energy Group in a report on Thursday, July 7th. Royal Bank Of Canada restated a “sector perform” rating and issued a $8.00 price target (up previously from $7.00) on shares of Just Energy Group in a research note on Thursday, March 31st. Zacks Investment Research upgraded Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, May 24th. Finally, Rodman & Renshaw restated 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $8.53.
The stock’s 50-day moving average is $6.27 and its 200-day moving average is $6.21. The firm has a market cap of $897.90 million and a price-to-earnings ratio of 18.05.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.0963 dividend. This is a positive change from Just Energy Group’s previous quarterly dividend of $0.09. This represents a $0.39 annualized dividend and a yield of 6.40%. The ex-dividend date was Monday, June 13th.
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 boosted its stake in Just Energy Group Inc. (NYSE:JE) by 760.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 0.35% of Just Energy Group worth $5,112,000 as of its most recent SEC filing.
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.
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